 Early Times Report
JAMMU, Nov 10: 68th Meeting of the Empowered Committee on Micro, Small and Medium Enterprises (MSMEs) for the UTs of Jammu & Kashmir and Ladakh for the quarter ended September 30, 2025, was held on November 10, 2025, at Reserve Bank of India, Jammu. The meeting was chaired by Shri Chandrashekhar Azad, Regional Director, Reserve Bank of India, Jammu and was attended by Joint Director, Industries and Commerce Department, Jammu; Assistant Director, MSME-Development and Facilitation Office; Controlling heads/ senior officials of J&K Bank, State Bank of India, Punjab National Bank, J&K Grameen Bank, Canara Bank, HDFC Bank, Axis Bank and ICICI Bank; officials from convenor banks of UTLBC, J&K and UTLBC, Ladakh; office-bearers of Indian Chamber of Commerce, Federation of Trade and Industry in India and Association of Small & Tiny Industries.
The Regional Director in his opening remarks stated that MSME sector in India continues to display impressive resilience, adaptability, and entrepreneurial spirit, reaffirming its role as one of the most vital pillars of our economy. He highlighted recent regulatory interventions aimed at alleviating sectoral challenges, notably, the elimination of prepayment penalties on floating rate loans for individuals and micro and small enterprises, and the easing of reporting requirements under the Export and Import Data Processing and Monitoring Systems (EDPMS / IDPMS), to reduce compliance burdens for small scale exporters and importers. Reflecting on the regional scenario, he shared that as on September 30, 2025, UTs of J&K and Ladakh have achieved 61% and 78% of their MSME Annual Credit Plans FY 2025-26, respectively. He further urged the stakeholders to embrace formalisation, ensure credit discipline and prioritise registration of MSMEs on Udyam Portal and onboarding on TReDS. |
