JKEDA held protest in Srinagar to press their demands

Srinagar: Jammu & Kashmir Entrepreneurs Development Association (JKEDA) organized a sit in protest program and raised their issues in press enclave in Srinagar. The protesting entrepreneurs raised slogans against the state government and JK Bank for not showing the ‘humane face’ towards the problems and their resolution which the entrepreneurs are facing since the unrest broke out in the valley.

“Government intervention to redress the grave issues faced by entrepreneurs of valley in the ongoing turmoil since July has been seen nowhere in the sight. This sit in is organized so that the voices may reach to the power corridors of the state who are giving the Dole Drums of flourishing the Entrepreneurship in the strife torn Valley and are in reality cutting their roots by not providing them the relief of the waivers of the interest part of their startup loans for the unrest period and the enhancement of advances so that they can re start their ventures again,” a statement of the association read.

It is to mention that JKEDA is the only multifaceted Trade Association of J&K having the multiple trades including trading, manufacturing, servicing sectors under one umbrella in order to resolve their issues of all kinds.

“We want to mention the association has already approached the Chief Minister’s private office and JK Banks Chairman’s office in October so that they will come up with any resolution of the problems which we are facing but they also gave their deaf ear and nothing happened. That is the reason we were forced to come on to the streets to hold this sit in protest so that the persons in the administration will know that we are educated youth of the valley who have sacrificed their education for taking up the entrepreneurship as their carrier by starting their own enterprises by earning their own living and also by providing the livelihood to numerous locals by giving them employment in our Enterprises/Units and not running after government jobs,” the statement added.

The statement further read, “We want to warn to the state Govt. to resolve and make the finance minster of the state to intervene with the Union Finance Ministry in order so that they will direct the Reserve Bank of India to issue the order to the state and centre run banks in J&K to restructure the loans of the Entrepreneurs of the Valley and also provide the interest free moratorium for one year. The Bank shall also provide the Hassle free/Guarantor free enhancement if any Unit holders need in order to restart their business in the Valley.”

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