Kashmir Traders seek extension of J&K Bank's OTS scheme
Srinagar, Jan. 30 -- The Kashmir Traders Alliance (KTA) has asked J&K Bank to extend the timeframe of OTS-2022 scheme, lengthening the repayment time and making it applicable to all business loans, regardless of their size.
In a statement, KTA President, Aijaz Shahdhar said that it was encouraging to recognise that J&K Bank had, for the first time, introduced a consistent and non-discriminatory programme to settle NPA accounts.
However, it was regrettable that the affected businesses were unable to benefit from the scheme for a variety of reasons, including their inability to secure the necessary resources within the allotted time frame.
Shahdhar said Kashmir's businesses were victims of events beyond their control, they should not be ...
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