ICC Jammu Submits Representation on MSME Concerns to RBI at 68th Empowered Committee Meeting

Jammu : The Indian Chamber of Commerce (ICC) Jammu , led by its Chairman Rahul Sahai, has submitted a detailed representation to the Reserve Bank of India (RBI) during the 68th Empowered Committee Meeting on MSMEs held in Jammu. The representation, addressed to Sh. Chander Shekhar Azad, Regional Director, RBI Jammu, Kashmir & Ladakh, highlights key economic and sectoral concerns of the MSME sector in the Union Territory and provides constructive suggestions for policy and procedural improvements.

Sahai congratulated the RBI team for conducting a successful and well-structured meeting and expressed gratitude for the continued engagement with industry stakeholders. He also thanked the Regional Director for the prompt and gracious response to ICC’s previous submissions.

The representation submitted by ICC Jammu covered critical areas under the following headings — Financial Easing for MSMEs, CIBIL Score Improvement & Financial Literacy, Extension of Moratorium Scheme for MSMEs, and Strengthening of TReDS Platform Implementation. Sahai emphasized that addressing these areas would go a long way in ensuring financial inclusion, stability, and long-term growth of the MSME sector in J&K.

Reaffirming ICC’s commitment to supporting the government and financial institutions, Sahai stated 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 sustainable industrial development in the region.