BoD of SC/ST Development Corpn approves Rs 13.25 cr action plan

Excelsior Correspondent
SRINAGAR, Sept 11:  The Board of Directors for SC, ST and Backward Classes Development Corporation Limited today under the chairmanship of Minister for Social Welfare Sakina Itoo approved Rs 13.25 crore action plan for the year 2012-13.
The Board while deliberating on various issues agreed to enhance the subsidy component for backward classes and Bank Type schemes from Rs 3000 to 10000. The Board also decided to enhance the loan component under education loan scheme for the target groups to the tune of Rs10 lakh within country and Rs 20 lakh abroad in professional courses. Earlier, the Minister revised the annual performance of the Board of Directors and the targets achieved during the financial year 2011-12.
The meeting was attended by Managing Director, J&K, SC, ST/ BC, DCB, Ghulam Rasool Khan, Director Budget, Dr. Ishaq Wani, Special Secretary Planning M. H. Malik, Director SW, Kashmir, Bashir Ahmad Bhat, Director Social Welfare Jammu M. H. Bhatti, Additional Secretary, SWD, B. A. Wani and Dr. G. N. Itoo, OSD with Minister for Social Welfare.
It was  informed that target of 2100 beneficiaries under direct financing and bank tie up schemes has been fixed and 1000 beneficiaries under skill training programme was approved under action plan.
The meeting discussed various issues regarding the welfare schemes launched by the corporation for the welfare of SC, Handicapped, Safia Karamchari and other ST/ backward classes under Direct Financing Schemes and bank tie up schemes. It was told that during the last financial year Rs 4.90 crore loans was advanced to 330 beneficiaries under direct financing whileas 556 beneficiary were provided bank loan up to Rs 1.95 crore and subsidy to the tune of Rs 0.43 crore.
Addressing the Board members, the Minister stressed upon the corporation to synergise efforts to improve the percentage of the recovery component under direct financial schemes of Apex Corporation which should be above 75%. She asked the corporation to improve the performance both under direct financing and bank tie up schemes.
The Minister also directed the Members to disseminate necessary information about the various welfare schemes launched by the State corporation in the interest and upliftment of weaker sections and thrust should be given for the maximum coverage of target groups at block and district levels.

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