Asserting that the banking sector is the backbone of Jammu and Kashmir’s growing economy, Lt Governor Manoj Sinha on Thursday said all the banks must increase lending to promote entrepreneurship in the Union Territory.
He asked public sector banks and other financial institutions to take dedicated measures to ensure government benefits directly reach the people.
“Banking sector is the backbone of J&K’s growing economy and collective efforts should be made to facilitate the common man, farmers, industries, self-help groups, and young entrepreneurs. Banks need to cooperate and complement the government’s efforts in reaching out to beneficiaries of all flagship schemes,” Sinha said.
