l&C Deptt hosts workshop on Potential Credit Linked Plan

5 Dariya News

JAMMU 26-Aug-2019

Department of Industries & Commerce Jammu in collaboration with NABARD today organised a one day workshop on Industrial potential and Potential linked Credit plan of NABARD for Jammu District. Deliberation on the credit requirement of MSMEs and the investment potential in Jammu district were held at the workshop.General Manager DIC Jammu,  Namrita Dogra, DDM NABARD   Priya Ranjan, Joint Director l&C   Sandesh Sharma, Joint Director Handloom Jammu, Deputy Director Tourism Jammu and officers from Health Department, Handicrafts Deptt and Functional Managers, Project Managers and field officers of Industries & Commerce Department attended the workshop.During the workshop DDM NABARD Jammu, Priya Ranjan gave a power point presentation regarding the priority sectors in the credit lending and the role of NABARD in preparing plan for credit lending, monitoring and coordination between various departments. It was stated that MSME is one of the key sectors for the credit lending by the banks as this sector plays an important role in employment generation. It was stated that under MSME dairy farming, food processing, honey extraction, bamboo basket making, silk weaving and reeling, spices grinding etc are kept as priority sector. 

It was informed that there is provision of single window clearance for credit linkage under these sectors. It was brought to the notice that presently one crore in loan is made available to the MSME that too in just 59 minutes along the 2 to interest subvention for all the GST registered MSME units.The future potential in the tourism sector was also deliberated upon keeping in focus the core areas of adventure tourism, in the Jammu region. It was stated that investment in frastructure development in activities like water spore tour and travels, hotels and restaurants etc is being given foremost priority by the Government. In health sector the potential in setting up industries in areas like medicinal plants and herbs-their cultivation, collection and extraction of medicines needs to be explored. It was decided that the Department would prepare a status paper regarding the available potential and the availability of resources in the field of herbs and medicinal plant based industries.The officers of Handloom and Handicrafts Department deliberated on the lack of credit lending in these sectors and the reasons why these sectors have not come up in a big way in Jammu district.