{"id":34805,"date":"2026-11-11T02:07:12","date_gmt":"2026-11-11T02:07:12","guid":{"rendered":"https:\/\/kashmirthunder.in\/?p=34805"},"modified":"2026-11-11T02:07:12","modified_gmt":"2026-11-11T02:07:12","slug":"kcci-welcomes-jk-banks-rahat-ots-scheme","status":"publish","type":"post","link":"https:\/\/kashmirthunder.in\/index.php\/2026\/11\/11\/kcci-welcomes-jk-banks-rahat-ots-scheme\/","title":{"rendered":"KCCI welcomes J&K Bank\u2019s RAHAT OTS scheme"},"content":{"rendered":"

Seeks broader SBI-Pattern scheme for larger business accounts<\/strong><\/p>\n

Srinagar, Nov 10: The Kashmir Chamber of Commerce and Industry (KCCI) has welcomed J&K Bank\u2019s RAHAT Special One-Time Settlement Scheme (SOTS-2026), while seeking a broader settlement scheme on the lines of the State Bank of India (SBI) to address the accumulated legacy debt of businesses across Jammu and Kashmir.<\/p>\n

In a statement issued to the news agency\u2014Kashmir News Observer (KNO), the Chamber said that while RAHAT provides relief to eligible borrowers with principal NPA outstanding of up to Rs 5 crore, a substantial section of the business community with liabilities beyond this limit remains outside its ambit.<\/p>\n

KCCI said businesses in Jammu and Kashmir had faced prolonged financial distress due to years of economic disruptions, pushing several otherwise viable establishments into mounting liabilities, non-performing assets (NPAs) and recovery proceedings.<\/p>\n

The Chamber urged Lieutenant Governor Manoj Sinha and Chief Minister Omar Abdullah to take up the matter on priority and facilitate a dedicated SBI-pattern Special OTS for business borrowers through J&K Bank.<\/p>\n

It said the J&K Government, being the majority shareholder in the Bank, had an important role in taking up the demand with its Board and management and facilitating a broader settlement scheme, subject to regulatory and governance requirements.<\/p>\n

KCCI said the proposed scheme should cover eligible stressed business accounts beyond the existing Rs 5 crore ceiling and provide realistic settlement terms to traders, industrialists, MSMEs, hospitality establishments and other entrepreneurs carrying legacy debt.<\/p>\n

Clarifying that the demand was not for a blanket loan waiver, the Chamber said it sought a fair, transparent and formula-based settlement mechanism to enable genuinely distressed borrowers to clear their liabilities, close long-pending accounts and make a fresh beginning.<\/p>\n

It added that resolving legacy debt would help revive economic activity, protect employment, safeguard livelihoods and restore confidence in Jammu and Kashmir\u2019s business environment.<\/p>\n

While appreciating J&K Bank\u2019s RAHAT initiative, KCCI reiterated that a separate and broader Special OTS was essential to ensure that businesses with larger outstanding liabilities were not left without a viable settlement opportunity.<\/p>\n

The Chamber expressed hope that the Lieutenant Governor, Chief Minister and J&K Bank management would respond positively and initiate necessary consultations without further delay. (KNO)<\/p>\n","protected":false},"excerpt":{"rendered":"

Seeks broader SBI-Pattern scheme for larger business accounts Srinagar, Nov 10: The Kashmir Chamber of Commerce and Industry (KCCI) has welcomed J&K Bank\u2019s RAHAT Special One-Time Settlement Scheme (SOTS-2026), while seeking a broader settlement scheme on the lines of the State Bank of India (SBI) to address the accumulated legacy debt of businesses across Jammu […]<\/p>\n","protected":false},"author":2,"featured_media":34806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[2,32],"tags":[],"class_list":["post-34805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","category-kt-front"],"_links":{"self":[{"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/posts\/34805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/comments?post=34805"}],"version-history":[{"count":1,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/posts\/34805\/revisions"}],"predecessor-version":[{"id":34807,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/posts\/34805\/revisions\/34807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/media\/34806"}],"wp:attachment":[{"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/media?parent=34805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/categories?post=34805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kashmirthunder.in\/index.php\/wp-json\/wp\/v2\/tags?post=34805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}