Making a strong pitch for creating linkages of finance in Jammu and Kashmir, RBI Governor Raghuram Rajan on Saturday expressed hope that this will help integrate the state with the rest of the country and empower young local entrepreneurs.
“We are taking measurable short-term initiatives. I think J&K is in a better position in making the state easy for financing, which can be a model for the rest of the country to emulate,” the Governor added.
Speaking at a luncheon meeting with Rajan on Saturday, Chief Minister Mehbooba Mufti called on premier banking institutions to reach out to the state's young and budding entrepreneurs by helping them establish viable business units.
Several other issues related to banking operations in the state came up during the meeting. The discussions also dwelt on a 12-point plan aimed at putting together a stronger financing structure in the state that goes beyond conventional banking.