Several banks have just stopped financing even small jewellers, he alleged and demanded that the whole industry shouldn't be painted with the same brush. "The smaller sized jewellers who were already being asked to shell out 100-125% collaterals are now being denied funding from banks altogether. The banks should treat jewellers taking loans of up to Rs 50 crore as a separate class considering their credit history, the chairman of jewellers' body said. "We welcome more queries from customers and our association is spending on educating staff of smaller jewellers accordingly and even preparing guidelines on how to train them," he said. The life of smaller jewellers would become more difficult with likely changes in hallmarking regulations which is likely to become compulsory by June.

Source: dna March 12, 2018 00:33 UTC