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VC KVIB reviews bankers’ performance under PMEGP, JKREGP

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SRINAGAR: Vice Chairperson of Jammu & Kashmir Khadi and Village Industries Board (KVIB), Dr Hina Shafi Bhat, today chaired a Bankers’ meeting to review progress on schemes being implemented under the Prime Minister’s Employment Generation Programme (PMEGP) and Rural Employment Generation Programme (JKREGP) at Civil Secretariat here.

The KVIB officers gave a detailed presentation on the performance of the KVIB Kashmir division under PMEGP and JKREGP.

The VC deliberated on a wide range of issues including sanctioned cases for loans, rejection of cases by banks, and pendency of cases besides increasing the performance under the schemes.

The VC had exhaustive interaction with the concerned officer regarding the implementation status of these schemes in their respective districts. She asked the representatives of various banks not to reject cases on frivolous issues and to approve the cases as per merit.

She expressed satisfaction over the target achieved under the schemes and stressed that the Bankers strictly follow guidelines to reduce the pendency of cases approved by KVIB. She further suggested measures to lower the rejections and directed the concerned officers to make the beneficiaries aware of the schemes to reduce the rejection cases further.

The VC reviewed the district-wise performance of the KVIB Kashmir division under PMEGP and JKREGP for the year 2023-24. She asked the Bankers to sensitise the branch officers of their respective banks regarding the disbursement of loan cases for entrepreneurial units of applicants.

It was also informed that JKREGP is a credit-linked subsidy Programme aimed to harness and divert the energy and enthusiasm of the youth for the establishment of a productive enterprise in the micro-industrial sector and create employment opportunities in rural areas of J&K.

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