Early Times Report
JAMMU, Dec 31: The 32th Empowered Committee (EC) meeting on Micro Small and Medium Enterprises (MSMEs) in the State of Jammu & Kashmir was held at RBI, Jammu which was chaired by D Sethy, Regional Director, Reserve Bank of India, Jammu and Kashmir.
In his address, the Regional Director stated that the main purpose of holding the periodic EC meetings was to facilitate an accelerated growth of MSMEs in the State and also to remove bottlenecks which hinder the smooth flow of credit to the sector. Besides, such a forum also affords an opportunity of direct communications/interactions between various stakeholders i.e. government, bankers, regulators, industry associations etc. so that the sector could get the necessary guidance, support and focused attention from all concerned for its smooth functioning and progress. He highlighted the role being played by the MSMEs in employment generation, exports, traditional handicraft & handloom industry of the State etc., and stated that the large potential available in the sector was yet to be tapped in the State. He also reiterated that there was a need to increase awareness about various facilities and schemes available to the entrepreneurs from the Govt. of India, banks and State Govt. and the responsibility lied with the all stake holders concerned. |
