Jammu & Kashmir

KCCI demands release of withheld payments of Kashmir entrepreneurs, seeks Admin’s intervention

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Srinagar: Kashmir Chamber of Commerce and Industry on Thursday urged departments who have withheld the payments of entrepreneurs to release the same to save them from humiliation and mental agony.

Farooq Amin , Secretary General, the Kashmir Chamber of Commerce and Industry (Inc) held a meeting of the Micro Small Enterprises Facilitation Council (MSEFC), Kashmir under the Chairmanship of Director, Industries and Commerce Kashmir on January 24 in the conference Hall of JK SICOP, Srinagar.

“Secretary-General expressed its concern over the long-overdue payments from almost last 4 years and insist to clear the dues as most of them turned NPA’s because of strict bank policies,’ the KCCI said in a statement.

“Secretary-General at the same time urged the Director industries to take up the issue with the higher authorities of all those departments who have withheld the payments of these entrepreneurs so that our industrialist don’t suffer anymore,” the statement said.

He also said that all these long-overdue payments must be compensated with interest incurred during the period that will enable these entrepreneurs to run their businesses smoothly again.

He insisted that if the situation remains the same then no young Entrepreneurs can get encouraged to start their fresh business in JK, the statement reads.

Secretary-General also urged LG Manoj Sinha and Chief Secretary of JK administration Arun Kumar Mehta to look into the matter and resolve this pending payment issue of crores of these small entrepreneurs of JK and save them from humiliation and mental agony, the statement concludes.

 

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