JAMMU: Making a strong pitch for creating linkages of finance in Jammu and Kashmir, RBI Governor Raghuram Rajan today expressed hope that this will help integrate the State with the rest of the country and empower young local entrepreneurs.
“We are taking measurable short-term initiatives… I think J&K is in a better position in making the state easy for financing, which can be a model for the rest of the country to emulate,” the Governor added.
Speaking at a luncheon meeting with Rajan today, Chief Minister Mehbooba Mufti called on premier banking institutions to reach out to the State’s young and budding entrepreneurs by helping them establish viable business units.
Several other issues related to banking operations in the State came up during the meeting.
The discussions also dwelt on a 12-point plan aimed at putting together a stronger financing structure in the State that goes beyond conventional banking.
Mehbooba is hopeful that RBI will exert more pressure on banking firms in the State so that small and medium enterprises have hassle-free access to loans.
“We seek better cooperation of banks in creating ample opportunities of employment for the youth in the State,” she said. (AGENCIES)
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