A Memorandum of Understanding on the promotion and financing of 700 JLGs was signed on Thursday and exchanged between NABARD, J&K Regional Office and Jammu & Kashmir Grameen Bank in the conference hall of NABARD, J&K Regional Office.
The administration informed Parliament that concrete actions were taken by the RBI and government-assisted banks in recovering bad loans of more than Rs 8.6 lakh crore over the previous eight fiscal years.