Jammu: Finance Minister Union Nirmala Sitharaman said on Tuesday that the government was actively pursuing cases of lending lending, regardless of whether they were in India or abroad, to recover money taken from the bank.
Repeating the government’s commitment to develop the banking sector, he assured that more banking activities will occur in Jammu and Kashmir with public sector banks that spread their reach in all districts.
Speaking in a program at Jammu, Sitharaman said the central government worked in close coordination with the J & K government to ensure that not only the Prime Minister’s development package (PMDP) but every scheme sponsored centrally will benefit every resident of the Union region has waited long to be applied , people who have never had help from the government get it, and the original business is also provided credit, “he said.
Sitharaman said the government generously used all the resources to make J & K work well in a transparent way.” Assets Bank non-performing (NPA) has been the cause of concern when Prime Minister Narendra Modi is in power in 2014.
To bring down this NPA, certain recognition, resolution, recapitalization, and reforms ‘4RS’ strategies show direct results, “he said.
The UNI Minister of Finance announced new schemes and initiatives for J & K, including p The elevation of Tejaswini & Hausla schema, Shikhar and Shikara schemes from Punjab National Bank and 200-Crore Rs Cluster Development Fund.
He also put “stone e-foundation” for self-working training (rseti) training in Shopdian and Baramulla.