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| MD SFC reviews functioning of corporation | | | Early times Report
Jammu, Nov 3: After assuming the charge as Managing Director State Financial Corporation, Rajesh Kumar Shavan took a review of the functioning of the Corporation at SFC Head Quarters wherein during the meeting it came to fore that Government has waived off Rs. 1132 crore on the behest of Government under different amnesty schemes.
As per the details available with Early Times, the Review Meeting was attended by all the District Managers and the personal staff of the Managing Director. In the meeting Arshad Habib Jallu, Chief Manager, gave a presentation of the functioning of the department.
While deliberating upon the functioning of field units, the MD laid thrust on recoveries of loans by concerned District Managers.
He said that every penny of the Government needs to be recovered at an earliest. It was informed in the meeting that the capital contribution of the Government stood at Rs. 172.88 crore as equity. Besides an amount of Rs. 577.21 crore stood advanced as loan under different schemes.
It was further informed that an amount of Rs. 1132 crore has been waived off on the behest of Government under different amnesty schemes, but unfortunately against these waivers no special assistance or matching share was reimbursed to SFC despite repeated assurances.
Shavan directed the field functionaries to get the details of each case District wise and scheme-wise where under cases have been settled and accounts closed, the same details be put on the official website of the department for information of everyone. The MD directed to complete the exercise within one month. |
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