Advisor Khan for improving financial health of SC, ST, BC Corpn

Advisor Farooq Khan chairing a meeting on Monday.
Advisor Farooq Khan chairing a meeting on Monday.

Excelsior Correspondent

JAMMU, Feb 28: Advisor to Lieutenant Governor, Farooq Khan today chaired 41st meeting of the Board of Directors (BoD) of Jammu & Kashmir Scheduled Castes, Scheduled Tribes and Backward Classes Development Corporation Limited here.
Commissioner Secretary Social Welfare, Sheetal Nanda; Secretary Tribal Affairs, Dr Shahid Iqbal Chaudhary; Secretary Planning, Development and Monitoring Department, Sushma Chauhan, representatives of National Handicapped Finance & Development Corporation, National Safai Karamcharis Finance & Development Corporation, National Backward Classes Finance & Development Corporation, Managing Director, J&K SC, ST, BC Dev. Corp, Muhammad Saleem Malik, and other concerned attended the board meeting in person and through virtual mode.
An elaborative discussion was held over the functioning of the corporation with respect to the several ongoing schemes like Direct Financing Scheme and Bank tie-up Scheme, recovery process, loan disbursement, action plans, etc.
At the outset, MD of the corporation, Muhammad Saleem Malik gave a presentation over the achievements and functioning of the corporation.
The Chair discussed the agenda wise action taken report on the implementation of 40th BoD decisions, besides exemption of stamp duty to the beneficiaries, enhancement of subsidy in favour of Backward Class beneficiaries at par with SC & ST categories, enhancement of authorized share capital of the corporation and conversion loan, etc were discussed in detail.
The Board of Directors deliberated at length on the steps required to be taken to improve financial health of the Corporation and making it more efficient and at the same time to provide more benefits to the under privileged sections of the society.
Advisor Khan while reviewing the Direct Financing Schemes called for convergence of schemes similar in nature besides providing loans to groups of people from same area to achieve better results under such schemes.
The Advisor also took detailed review of the loans advanced, loan recovery position, beneficiaries covered, simplification of documents for availing benefits under schemes, besides position of accounts and audit reports, holding of Annual General Meetings etc.
Meanwhile, Advisor chaired a meeting to consider and subsequent approval for the establishment of new EMRS and the Operationalization of approved EMRS.
Secretary Tribal Affairs, Shahid Iqbal Chaudhary; Deputy Commissioners of both the divisions, Director School education Jammu/Kashmir, MD, J&K Housing Board, representatives and senior officers from Samagra Shiksha, Health Department, R&B, Youth Services & Sports and other concerned attended the meeting in person and in online mode.
The meeting in detail discussed the proposals of all the Deputy Commissioners from both the divisions of the Union Territory which include establishing of one EMRS each in all the blocks having a requisite tribal population in all eligible districts of J&K. All the DCs gave their suggestions with respect to the EMRS to be submitted for the recommendation to Government of India in two phases (10 in Phase-I and 8 in Phase-II).
Also, during the meeting, several proposals were submitted from Jammu division which includes Poonch (4), Rajouri (3), Kathua (2), Udhampur (2), Ramban, Doda and Reasi. Similarly following districts from Kashmir division submitted proposals for new EMRS: Shopian, Kulgam, Anantnag (2) and Bandipora.
On the occasion, Advisor Khan also reviewed the progress on the ongoing EMRS projects and asked the chairpersons of the district EMRS Committee for a performance review feedback on executing agency, funds utilization, additional funds required and timelines.
While discussing the availability of teaching and non staff drawn from School Education Department, Advisor Khan asked the concerned Director School Education Jammu/Kashmir to depute the Principal and teaching staff on merit so that EMRS would be brought at par with national level institutions like Jawahar Navodaya Vidyalaya.