J&K Bank Pledges Full Support to Businesses Under 2025 Rehabilitation Package Following Recent Disruptions

• J&K BANK ASSURES SUPPORT UNDER REHABILITATION PACKAGE

Jammu,22-10-2025. A meeting was held between the Chamber of Tourism Trade  & Industry Katra (CTTIK) and officials of J&K Bank at the Bank’s Main Bazaar, Katra branch, to discuss the Rehabilitation Package 2025 for borrowers hit by disturbances announced by the bank in the wake of recent disruptions. The meeting was attended by   Raj Kumar Padha, President CTTIK, along with members   Raj Kumar Dubey and   Munish Kapoor. The J&K Bank was represented by Sh. Lalit Parkash, zonal manager ,Sh. Amit Balgotra, cluster manager; and Ms. Sakshi Sharma, manager  advances.

At the outset, Raj Kumar Padha welcomed the J&K Bank officials and appreciated the Bank’s initiative in introducing the Rehabilitation Package 2025 aimed at supporting borrowers adversely affected by the recent disturbances. During the deliberations, the CTTIK delegation highlighted that businesses in J&K, particularly hoteliers, guest house owners, travel agencies, traders, and transporters are passing through a difficult phase following the Pahalgam attack and Operation Sindoor, which led to the total washout of the April May season . The situation has been further aggravated by continuous rains, landslides, and tragic incidents at Shri Mata Vaishno Devi Ji and Machail Temple during August, which have compounded the already fragile state of the business  sector.

 It is pertinent to mention that  under this package  the repayment period of all existing term loans of eligible borrowers shall be extended by one year, giving them additional time to stabilize operations and manage cash flow. The  accrued interest  on both existing term loans and working capital accounts up to the eligible date shall be  converted into a separate Funded Interest Term Loan (FITL), repayable over an extended period as per bank guidelines. In addition, the bank shall provide an  additional credit facility of 15% on the existing working capital limits to enable business units to meet short-term operational and liquidity requirements in the wake of the current disruptions.

CTTIK  appeals to all eligible borrowers, particularly those from the tourism, trade, industry and transport sectors  to  approach their respective J&K Bank branches to avail the benefits under the  rehabilitation package 2025. This timely initiative offers much-needed financial relief and support to businesses affected by recent disturbances and disruptions.

Mr. Padha  urged the bank to consider accounts having more than two overdue installments after the stipulated date of 21st April 2025 as eligible under the rehabilitation package so that maximum number of businesses  can  avail this facility. Raj Kumar Dubey  emphasized the need for the bank to extend an additional 15% credit facility on term loans  similar to that provided to working capital and SOD accounts  while Munish Kapoor made request to  offer short term  loans at reduced interest rates to new accounts to help the business community to tide over the current challenges.

In response Sh. Lalit Parkash, Zonal Manager, took note of all the issues raised by the CTTIK delegation and assured them that the bank would work towards finding suitable solutions. He reaffirmed  J&K Bank’s commitment to supporting  businesses by offering diverse  and flexible credit products  . The meeting concluded with mutual appreciation and an understanding to maintain close coordination for the effective implementation of the package for the overall benefit of the business community.