JAMMU, Feb 3: Chief Secretary, Atal Dulloo, today directed for developing an efficacious grievance portal for the people who face hurdles in availing credit from the financial institutions to start their businesses or for other self employment activities.
The meeting besides the Principal Secretary, Finance was attended by Principal Secretary, Agriculture; Commissioner Secretary, I&C; Secretary, Labour & Employment; Secretary, PWD; Convenor UTLBC; Representatives from Banks and other concerned officers.
Dulloo observed that credit linkage is one of the primary aspects of venturing into any business or establishing a unit. He maintained that any difficulty faced by the potential entrepreneur in availing this credit becomes a stumbling block in advancing his business prospectives.
He enjoined upon the financial institutions to make the credit-linkage process less cumbersome so that these aspiring youth can give wings to their aspirations.
He directed that a grievance portal inclusive of Government machinery and nodal officers from each bank functioning here should be created so that people had a platform to seek timely resolution of their grievances. He also took note of the saturation of social security schemes like Pradhan Mantri Jan Dhan Yojana (PMJDY),Pradhan Mantri Jeevan Jyoti Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana and other financial inclusion schemes across the districts of J&K.
He impressed upon the financial institutions to readily extend the benefits of these schemes to the citizens of the UT. He also directed the Finance Department to explore the possibility of linking death records with these accounts so that the death benefits directly accrue to the legal heirs or their nominees immediately after recording of such events.
Regarding financial inclusion of all and penetration of digital transactions across cross section of the society, he asked for coverage of all the panchayats through Business Correspondents.
He also urged them to take advantage of the database build after accomplishing the survey of around 5.5 lakh youth under mission YUVA.
As far as the priority sector lending is concerned, the Chief Secretary emphasised enhanced credit in agriculture sector. He took note of the poor term loan performance and asked for improving the same.
|