SRINAGAR, Nov. 12 -- The Federation of Chambers of Industries Kashmir (FCIK) has criticised the Reserve Bank of India's (RBI) Regional Office, Jammu, over what it described as a lack of tangible relief for distressed micro, small and medium enterprises (MSMEs) in Jammu and Kashmir despite repeated review meetings and assurances.
Reacting to the 72nd meeting of the Empowered Committee on MSMEs for Jammu and Kashmir and Ladakh, FCIK said discussions on liberal financing, credit guarantees and revival mechanisms had failed to address longstanding problems faced by struggling industrial units.
Questioning the outcomes of the successive meetings, the industry body sought details of the number of enterprises rehabilitated, financing deficiencie...