Excelsior Correspondent
SRINAGAR, Nov 3: In a meeting here today Managing Director (MD) SFC, Rajesh Shavan reviewed the functioning of the Corporation.
The meeting was attended by all the District Managers and personal staff of the MD.
Arshad Habib Jallu, Chief Manager gave a presentation of functioning of the department and deliberated upon the functioning of field units.
The MD laid thrust on recoveries of loans by concerned District Managers and said that every penny of Government needs to be recovered at an earliest.
It was informed that capital contribution of Government stood at Rs. 172.88 crore as equity besides an amount of Rs. 577.21 crore stood advanced as loan under different schemes.
It was further informed that an amount of Rs. 1132 crore has been waived off under different amnesty schemes but unfortunately against these waivers no special assistance or matching share was reimbursed to SFC despite repeated assurances.
Shavan directed the field functionaries to get details of each case where the cases have been settled and accounts closed so that these details should be put on the official website of the department for information of everyone. The MD directed to complete the exercise within one month.
Besides discussing financials of the Corporation, issues pertaining to re-organising and rationalization of the cadre were also discussed.
District Managers raised the issue of non payment of salary budget by the Government and also reimbursement of simple interest amount of Rs. 23 crore which was earlier committed by the Government. The MD assured that the issue will be taken up with Government.
The Supervisor (Legal) was directed to make list of all pending court cases and ensure that the reply/objections are filed in each case so that the action of the Corporation is defended in the Courts.
The issue of digitization of records was also discussed and the MD put emphasis on its early completion.
Chief Manager, LBO(S); Assistant Manager, LBOS; District Incharge, Baramulla; District Incharge, Pulwama; Personal Staff of MD and other senior staff of the district offices also attended the meeting.
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