The Jammu and Kashmir government advanced Rs 1,095 crore as financial assistance to 32,241 units in the priority and non-priority sectors in the previous financial year under its annual action plan. This was stated at a meeting of the District Consultative Committee of banks operating in the district under the chairmanship of District Development Commissioner M A Kakroo,an official spokesman said. The Reserve Bank of India (RBI) was represented by S K Watal at the meeting,the spokesman said. Out of the total advances,Rs 148.96 crore was disbursed for setting up small enterprises,Rs 320 crore for the housing sector and Rs 13.62 crore for the education sector,he said. Kakroo stressed on the need for all sponsoring agencies as well as financial institutions to achieve 100 per cent of their loan sanction targets during the current fiscal so that unemployment problems could be addressed.
