Srinagar, Mar 15: J&K Khadi and Village Industries Board Kashmir Division Srinagar organised Bankers Review Meeting at Sanat Ghar Bemina Srinagar which was chaired by Vijay Kumar Bidhuri, Divisional Commissioner Kashmir.
The meeting was attended by Ashutosh Sareen General Manager Government Sponsored Schemes J&K Bank Srinagar, DGM SBI, GDM UTLBC, MD J&K State Cooperative Bank, Director RSETI, Various Cluster heads of J&K Bank, Lead District Managers from various Districts, Divisional Officer J&K KVIB KD and all District Officers of KVIB Kashmir Division.
Divisional Commissioner Kashmir reviewed the implementation of Bank Wise, District Wise performance under Prime Ministers Employment Generation Programme and J&K Rural Employment Generation Programme.
In the meeting, it was informed that during the last three years; 25864 units have been established against the assigned targets of 7372 units; involving margin money of Rs: 554.19 Crores against the target of Rs: 183.64 Crores thereby envisaging employment opportunities for 2,01,702 persons. During the current year, J&K KVIB has sponsored 11,111 cases against the target of 2507 units.
Against the sponsorship effected by J&K KVIB in Kashmir Division, banks have sanctioned 6347 cases involving a Margin Money outlay of Rs: 122.33 Crores, thereby envisaging generation of employment opportunities for 49,798 persons.
Speaking on the occasion Divisional Commissioner Kashmir stated that there has been tremendous response to the employment and micro industries schemes being implemented by J&K KVIB. Divisional Commissioner Kashmir lauded the Officers of J&K KVIB for their dedication and excellent performance and felicitated the role of J&K Bank.
However, he enjoined upon the banks to bring down the rejection level of the cases, delay in processing of cases within the approved Turn Around Time (TAT) of 30 days and advised that designated nodal agencies must immediately release the subsidy amount so that the employment generation units are established in time bound manner.
