KTA urges J&K Bank to extend OTS scheme to small traders

Srinagar  : The Kashmir Traders Alliance (KTA) has urged the management of J&K Bank to extend its OTS scheme to small traders as well.
President KTA, Aijaz Shahdhar said that the unfavorable atmosphere from many years has hit the small traders as well and they deserve to take advantage of this scheme as well.
“Not only big businesses but all the businesses have suffered over the years. Previously, OTS scheme was sanctioned for above Rs. 15 lakh. Now, we appeal the bank management especially CEO/ MD to cover OTS/ NPA for up to Rs. 15 lakh also,” Shahdhar said adding that small traders need to revive their economic position.
He also requested to provide an adequate time frame so that majority of these small traders take advantage of this special OTS scheme.
“Besides the extension of the OTS to small traders, we urge the J&K Bank administration to extend the duration of the scheme so that maximum people are benefitted,” he said.