Excelsior Correspondent
JAMMU, Jan 1: Committee on Public Undertakings (PUC) of Legislative Assembly today directed Jammu & Kashmir Bank Ltd to extend credit assistance to maximum number of educated unemployed youth to enable them to establish their individual units and joint ventures.
The Committee, met under the chairmanship of MLA Mohammad Sharief Niaz here today to discuss and examine the CAG Audit report 2007-08 and 2009-10 pertaining to the Finance Department (Jammu & Kashmir Bank Ltd).
Legislators, Syed Basharat Ahmad Bukhari, Sukhnandan, Rachpal Singh, Jugal Kishore, Dr. Shafi Ahmad Wani, Indu Pawar and G. N. Monga, attended the meeting and stressed for expeditious sanctioning of loans to the educated youth.
Threadbare discussion was held on Audit Paras including non-recovery of debts and interest.
The Chairman of Jammu & Kashmir Bank Mushtaq Ahmad briefed the Committee about the Audit Paras and after satisfactory reply, the Committee decided to drop both these.
Among others, Principal Accountant General J&K Dr. S.C. Panday, Principal Secretary to Chief Minister B. B. Vyas, Director General Accounts and Treasuries Altaf Ahmad, Special Secretary J&K Legislative Assembly M. R. Singh, President J&K Bank Mohammad Amin, Private Secretary J&K Bank, Shujat Hussain and other officers of Assembly Secretariat attended the meeting.
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