Finance Minister Nirmala Sitharaman issues credit sanction letters to 145 beneficiaries in Jammu

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On the 2nd day of her visit to Jammu and Kashmir, Minister of Finance and Union Affairs Nirmala Sitharaman delivered sanction letters to 145 beneficiaries for Rs. 306 crore from different banks, including letters sanction to various credit-related programs such as the Pradhan Mantri Job Generation Program (PMEGP), the MUDRA program, self-help groups (SHG), joint responsibility groups (JLG), etc. during an event.

During the event, the Minister of Finance also announced several new programs and initiatives for Jammu and Kashmir, including the launch of J&K Bank’s Tejasvini and Hausala programs, Punjab National Bank’s Shikhar and Shikara programs. (PNB) and SIDBI Cluster Development Fund for Rs. 200 crores. The Tejasvini program focuses on providing financial assistance of Rs. 5 lakh to girls between 18-35 years old to start their business. The Shikhar program focuses on meeting credit requirements up to Rs. 2 crore for the hospitality, tourism and tourism industry. Under the Shikara scheme credit up to Rs. 15 lakh for the purchase / repair of Shikaras are provided in the Kashmir valley.

Smt. Sitharaman also laid the foundation stone for the Independent Rural Employment Training Institute (RSETI) building in Shopian and Baramula and inaugurated the J&K bank branches in Salal, Bagga and Budhan in Reasi district. Under the auspices of NABARD, registration certificates of 5 FPOs were delivered along with a rural market sanction letter to Asha SHG.

The Minister of Finance attended a number of events organized by the Jammu and Kashmir Union Territory Bankers Committee (J&K UTLBC) at the Zorawar Singh General Auditorium complex of the University of Jammu. here today.

Read also: FM Nirmala Sitharaman unveils national monetization pipeline

The event brought together the Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, as well as a number of senior officials from the Indian Government’s Ministry of Financial Services and senior officials from the Jammu and Kashmir administration . Chief Secretary of Jammu and Kashmir.

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