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

Nirmala Sitharaman

On the 2nd day of her visit to Jammu & Kashmir, Union Finance & Corporate Affairs Minister Nirmala Sitharaman has handed over sanction letters to 145 beneficiaries for Rs. 306 crore of different banks, including sanction letters to different credit linked schemes like Pradhan Mantri Employment Generation Programme (PMEGP), MUDRA Scheme, Self-Help Groups (SHGs), Joint-Liability Groups (JLGs) etc. during an event.

During the event, the Finance Minister also announced several new schemes and initiatives for Jammu & Kashmir which included launch of Tejasvini & Hausala schemes of J&K Bank, Shikhar & Shikara schemes of Punjab National Bank (PNB) and SIDBI cluster development fund for Rs. 200 crore. Tejasvini scheme focuses on providing financial assistance of Rs. 5 lakh to girls between 18-35 years for starting their business. Shikhar scheme focuses on meeting credit requirements up to Rs. 2 crore for hotel, tour & tourism industry. Under Shikara scheme credit up to Rs. 15 lakh for purchase/repair of Shikaras is provided in Kashmir valley.

Smt. Sitharaman also laid foundation stone for Rural Self-employment Training Institutes (RSETI) building at Shopian & Baramula and inaugurated J&K bank branches of Salal, Bagga & Budhan in Reasi district. Under the aegis of NABARD, registration certificates to 5 FPOs were handed over and also sanction letter of rural mart to Asha SHG was handed over.

The Finance Minister attended a number of events organized by Banker’s Committee of the Jammu & Kashmir Union Territory (UTLBC of J&K) at the General Zorawar Singh Auditorium Complex, University of Jammu,. here today.

Also Read: FM Nirmala Sitharaman unveils National Monetisation Pipeline 

The event was attended by Lieutenant Governor of Jammu & Kashmir, Manoj Sinha along with a number of senior officials from Department of Financial Services, Government of India, and senior officials of Jammu & Kashmir administration. Chief Secretary of Jammu & Kashmir.

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