Excelsior Correspondent
JAMMU, Feb 14: Balbir Ram Rattan, Vice Chairperson, Jammu and Kashmir Scheduled Castes, Scheduled Tribes & Backward Classes Development Corporation Limited, in a meeting here, today , reviewed the recovery of loans advanced under Direct Financing Schemes in collaboration with various national level corporations. He also reviewed the implementation of welfare schemes meant for the upliftmen of the weaker sections in the State.
The officers concerned, Mohd. Iqbal Kataria, Manager, Projects, K.L Bhagat, Manager Recovery and Mohinder Paul, Statistical Assistant, apprised the Vice Chairperson that the Corporation so far has disbursed loans to the tune of Rs 84.68 crore since inception under Direct Financing Schemes by covering 5798 beneficiaries in different activities in the State.
It was apprised by Manager Recovery that Corporation has recovered Rs 31.05 crore so far and during current financial year an amount of Rs 4.15 crore has been recovered up to ending December 2017.
Vice Chairperson issued instructions to Manager Recovery to regularly monitor the recovery progress of each district and apprise the Management for timely action against the defaulters. He said that recovery of loan is backbone of the finance and all district managers should be instructed to take necessary steps to ensure that every month the recovery target is achieved.
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