Now Reading: Rahul Sahai urges early rollout of J&K industrial policy
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Rahul Sahai urges early rollout of J&K industrial policy
ICC Jammu chairman Rahul Sahai has called for the early rollout of a new industrial incentive policy for Jammu and Kashmir, warning that policy uncertainty is hurting fresh investment and credit growth.…
The Story in Brief
ICC Jammu chairman Rahul Sahai has called for the early rollout of a new industrial incentive policy for Jammu and Kashmir, warning that policy uncertainty is hurting fresh investment and credit growth. He made the remarks at the Reserve Bank of India's 71st Empowered Committee meeting in Jammu, welcoming new regional director Prabhakar Jha.
Sahai submitted a representation highlighting MSME concerns, including raw-material price volatility from the West Asia crisis, easier renewable-energy financing, and stronger implementation of the Trade Receivables Discounting System (TReDS). He also urged faster loan processing, flexible working-capital assessment, and dedicated financial products for natural farming and agri-processing.
The Indian Opinion
"Policy uncertainty" is a convenient villain, but the bigger story is the Reserve Bank's reach into conflict-prone regions like Jammu & Kashmir. The real test, will the new RBI regional director push banks to actually lend to small enterprises, or will liquidity remain a talking point? Watch for the next credit-growth numbers from the Union territory in the quarterly RBI data.
Source: greaterkashmir.com
This story was synthesised by AI from the source linked above.
