Credit-cum-relief camps launched for J&K flood victims
14 Oct 2014 6:11 AM IST
As part of relief & rehabilitation package for the flood affected people of Jammu and Kashmir, union minister of state, PMO, Jitender Singh on Monday launched ‘J&K Special Credit-cum-Relief Camps’ here.
Flanked by state finance minister Abdul Rahim Rather, chairman Indian Banks’ Association (IBA) TM Bhasin, J&K Bank chairman & CEO Mushtaq Ahmad, Singh said, ‘this package has been in the line of things that central government has charted out for flood victims of J&K’.
Speaking on the occasion, Singh, said, ‘These camps have been devised by the ministry of finance (GOI) and IBA with complete support from J&K Bank which is convenor state level bankers’ committee (SLBC).’
‘The main feature of the relief package is to provide loans for economic activities and reconstruction of houses to the flood-affected on softer terms like longer repayment schedule, concessional rate of interest and extended moratorium,’ he said.
‘The government of J&K is well aware of the magnitude of the losses that the people in Jammu and in Kashmir have suffered due to the floods,’ Rather said.
‘We are expediting to bring economy back on wheels as soon as possible,’ Rather said.
Flanked by state finance minister Abdul Rahim Rather, chairman Indian Banks’ Association (IBA) TM Bhasin, J&K Bank chairman & CEO Mushtaq Ahmad, Singh said, ‘this package has been in the line of things that central government has charted out for flood victims of J&K’.
Speaking on the occasion, Singh, said, ‘These camps have been devised by the ministry of finance (GOI) and IBA with complete support from J&K Bank which is convenor state level bankers’ committee (SLBC).’
‘The main feature of the relief package is to provide loans for economic activities and reconstruction of houses to the flood-affected on softer terms like longer repayment schedule, concessional rate of interest and extended moratorium,’ he said.
‘The government of J&K is well aware of the magnitude of the losses that the people in Jammu and in Kashmir have suffered due to the floods,’ Rather said.
‘We are expediting to bring economy back on wheels as soon as possible,’ Rather said.
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