JCCI’s plea to Governor

Excelsior Correspondent

JAMMU, Apr 22: The Jammu Chamber of Commerce and Industries has urged upon the State Governor Satya Pal Malik to come to the rescue of Micro, Small Medium Enterprises (MSME) who are not being paid by the State Government under ‘Saubahgya Scheme’ of Prime Minister.
In a communication to the Governor the JCCI president, Rakesh Gupta alleged that some bureaucrats were resorting to unabated corruption and working against Micro Small Medium Enterprises who are already facing lot of problems for survival in the State. They are taking the “Saubhagya Scheme” an initiative of Prime Minister non-seriously.
The copies of the said communication were also sent to Principal Secretary to Prime Minister and Ajay Kumar Bhalla, Secretary Union Power Ministry for necessary action.
It was conveyed that a glaring example of corruption in Power Development Department by not dispersing payment to our MSME units who are members of JCCI against the supply of various item like, steel tubular poles , Power transformer ,Power cables and Power transmission conductors to the Power Development Department in the Central “Sponsored Saubhagya Scheme in J&K” from the month of September 2018.
It is surprising to know that MSME units till now have not received their due payments for the materials supplied to PDD from the month of September 2018 for the reasons best known to the department. One can imagine the plight of MSME units who have borrowed loans for various bank and financial institutions for the success of the Saubhagya Scheme.
The banks are pressing hard for the return of borrowed money from them and the MSME units are suffering huge losses due to the interest burden . The pending payments of J&K MSME units which is more than Rs 200 cr, if not released immediately will result in lot of hardships for the concerned MSME units.
The JCCI urged upon the Governor to intervene into the matter and release the pending payments immediately so that the concerned MSME units can be saved from becoming sick with no fault of theirs.