Jammu: The Indian Chamber of Commerce (ICC) Jammu, under the leadership of Chairman Rahul Sahai, has submitted a comprehensive representation on the concerns of the Micro, Small and Medium Enterprises (MSME) sector to the Reserve Bank of India (RBI) during the 68th Empowered Committee Meeting on MSMEs held in Jammu.
The representation, addressed to Chander Shekhar Azad, Regional Director, RBI Jammu, Kashmir & Ladakh, outlines key financial and operational challenges faced by MSMEs in the Union Territory. It also offers a set of policy recommendations aimed at improving access to finance and enhancing the overall resilience of the sector.
Sahai commended the RBI for organizing a well-structured and productive meeting and expressed appreciation for the institution’s continued engagement with industry bodies. He also conveyed gratitude to the Regional Director for the RBI’s prompt and positive response to the Chamber’s earlier submissions.
The memorandum submitted by ICC Jammu focuses on four major areas of concern — Financial Easing for MSMEs, CIBIL Score Improvement & Financial Literacy, Extension of Moratorium Scheme for MSMEs, and Strengthening of TReDS Platform Implementation. According to Sahai, addressing these issues will play a vital role in ensuring financial inclusion, liquidity support, and sustainable long-term growth for MSMEs in Jammu and Kashmir.
Reiterating ICC’s commitment to partnership with regulatory and government bodies, Sahai said that the Chamber stands firmly with the Reserve Bank of India and the Government of India in their efforts to strengthen the MSME ecosystem and promote industrial and entrepreneurial growth across the region.
The meeting brought together senior representatives from the banking sector, industry bodies, and government departments to review progress and explore strategies for enhancing credit flow and institutional support to MSMEs in the Union Territory.
