Jammu :A District Level Credit Facilitation Meeting involving 25 startups was successfully organised Monday at the District Centre Jammu of the Jammu & Kashmir Entrepreneurship Development Institute under the District Business Reforms Action Plan (DBRAP), an initiative of the Department for Promotion of Industry and Internal Trade, Government of India.
The meeting was held in pursuance of directions from Director JKEDI Khalid Jahangir to institutionalize District Level Credit Facilitation Meetings as a structured mechanism for strengthening coordination between startups and financial institutions. The initiative aligns with DBRAP objectives of improving access to finance, enhancing regulatory transparency and promoting ease of doing business at the district level.
The session witnessed active participation from key financial stakeholders. Jammu & Kashmir Bank was represented by AGM (Incharge GSS & FID) Nishu Mahajan and Senior Manager Government Sponsored Schemes Mohit Hans. The office of the Lead District Manager was represented by Mohammad Imran Choudhary from State Bank of India, Rail Head Complex.
The meeting commenced with an overview of DBRAP reform priorities and the agenda by District Startup Nodal Officer JKEDI Jammu Rajesh Kotwal. Emphasis was laid on creating a transparent and time-bound credit facilitation ecosystem, reducing information asymmetry and enabling startups to effectively navigate institutional financing channels.
Serving as an interactive platform, the session enabled direct engagement between startups and banking representatives. Startups were sensitised about various government-sponsored schemes operational at the district level, with detailed guidance on documentation requirements, preparation of Detailed Project Reports (DPRs) and procedural aspects for availing credit support under relevant Central and UT schemes. Banking officials addressed queries pertaining to eligibility criteria, appraisal processes, timelines and loan disbursement mechanisms, thereby promoting clarity and predictability in credit access.
Participating startups expressed appreciation for the initiative, particularly highlighting the value of direct interaction with banking officials and improved clarity on credit procedures.
“This platform has made the credit process much more transparent and approachable. Direct engagement with banks has helped us better understand requirements and timelines, which will significantly support our growth plans,” said a participating startup founder.
The meeting concluded with a collective reaffirmation by all stakeholders to strengthen coordinated efforts towards improving credit facilitation systems. The initiative reflects JKEDI’s continued commitment to advancing DBRAP reform objectives by fostering a supportive, transparent and efficient startup ecosystem in Jammu.
