Excelsior Correspondent
JAMMU, Mar 6: Bari Brahmana Industries Association (BBIA) has urged upon the State authorities to release payments of the local SSI units as they are facing financial crisis.
In a meeting of the BBIA held today under the chairmanship of Lalit Mahajan, president BBIA in presence of other office beares, the members discussed the acute financial crisis being faced by the local SSI units due to non- release of payments of nearly Rs 20 crores pending since last one year by Social Welfare Department for the supply of materials under the ICDS Scheme resulting huge financial losses by SSI units as per the information available with the Association.
The BBIA said that in spite of sufficient funds available with the department, the payment of SSI units not released for the reasons best known to the concerned officials of Mission Director, ICDS resulting heavy losses suffered by the unit holders due to accumulated bank interest on the money borrowed from the banks as working capital resulting serious financial crunch as the unit holders are not in a position to pay the wages/power bills/GST payments/bank interest and other Govt dues and we fear that the accounts of the unit holders may be converted into NPA by the banks resulting unit holders have no option but to close down their units in near future.
They said the repeated requests and reminders to the concerned officials of the Mission Director of ICDS and to the Commissioner/ Secretary, Social Welfare Department since long, nothing has been done for the release of payment by the department which shows the casual approach of the department for the release payments of timely supply of goods by the SSI units of the State to Social Welfare Department and it is unjustified on the part of the department to withhold the payments of the materials supplied without any valid reasons which we termed it as a deliberate attempt of the concerned officials of the department.
BBIA appealed to the Lt Governor, GC Murmu to intervene into the matter and issue necessary orders for the immediate release of pending payments of unit holders without any further delay and save them from the closure.
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