Tag: #KarzSeMukti

KCCI Welcomes J&K Bank’s ‘Karz Se Mukti’ Extension: A Lifeline for Businesses Amid Economic Distress

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Karz Se Mukti: J&K Bank’s Lifeline for Kashmir’s Business Sector Gets a Much-Needed Extension

Karz Se Mukti: J&K Bank’s Lifeline for Kashmir’s Business Sector Gets a Much-Needed Extension By: Javid Amin | Srinagar | 02 July 2025 A Valley in Economic Recovery Mode In a region as volatile and economically fragile as Jammu and Kashmir, every policy decision can have sweeping consequences for its struggling business ecosystem. One such decision—a two-month extension of the “Karz Se Mukti” scheme by Jammu & Kashmir Bank—is more than just a deadline shift. It is a lifeline, a gesture of trust, and a bridge between temporary despair and…

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KCCI Urges J&K Bank to Lift Monetary Caps on ‘Karz-se-Mukti’ Scheme

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KCCI Urges J&K Bank to Lift Monetary Caps on 'Karz-se-Mukti' Scheme

KCCI Pushes for Unrestricted ‘Karz-se-Mukti’ Scheme to Aid Borrowers Srinagar, January 1: The Kashmir Chamber of Commerce and Industry (KCCI) has called on Jammu & Kashmir Bank to eliminate all monetary caps and ceilings from its recently announced special one-time settlement scheme, named “Karz-se-Mukti.” According to the Chamber, the scheme must operate without any upper limits to effectively address the diverse needs of borrowers across all segments of the business community. The existing scheme includes a ceiling of ₹5 crore, which the Chamber identifies as a significant impediment to its…

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