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| Panel seeks details about loanees, advances, recoveries, units established | | PUC reviews functioning of JKSFC | | Early Times Report
SRINAGAR, July 10: The Committee on Public Undertakings (PUC) of Jammu and Kashmir Legislative Assembly which met here today chairmanship of MLA Mr. Muhammad Sharief Niaz, undertook stock of the performance of the State Finance Corporation and asked them to furnish the detailed report with regard to pending loan cases for uneducated youth of the State along with the list of defaulters and recovery of loan statements as on date to the Committee for it scrutiny.
Legislators, Mr. G. N. Monga, Mr. Ali Muhammad Dar, Mr. Javid Ahmad Dar, Mr. Jugal Kishore, Mr. Jagdish Raj Sapolia, Peer Aafaq Ahmad, Syed Basharat Ahmad Bukhari, Dr. Shafi Ahmad Wani and Mr. Abdul Gaffar Sofi gave their valuable suggestions in making the working of SFC more viable and result oriented. The panel discussed matters related to whether the Corporation has extended loan facilities to non-state subjects, if so, the details of the said loanees and whether they have set up their own units within the State or outside the State. It also directed the SFC authorities to furnish a list of the loanees who have been advanced loan during the turmoil in the State and whether their units are functional.
The Committee also asked them to submit the total employment generated by the Corporation since the date of its revival. The details of the budgetary support from the government of Jammu and Kashmir and the details of the loan amount extended to unemployed youth of the State and their units whether functional or non-functional and recoveries so far made, the Committee members sought for its examination.
Among others, Deputy Accountant General, J&K A.G’s Office Mr. B. K. Memria, Director General Accounts and Treasuries Mr. Maajid Jahangir, CFC Mr. Ravi Mangotra and other officers of JK SFC, finance department and Assembly Secretariat attended the meeting. |
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