SLCC reviews progress in NBFCs, UIBs cases referred to CB

Chief Secretary chairing 30th SLCC meeting on Thursday.
Chief Secretary chairing 30th SLCC meeting on Thursday.

Excelsior Correspondent
JAMMU, Jan 10: Chief Secretary, B V R Subrahmanyam  today chaired the 30th meeting of the State Level Coordination Committee (SLCC) on Non-Banking Financial Companies (NBFCs) and Un-incorporated Bodies (UIBs) convened by the Reserve Bank of India (RBI).
Regional Director RBI Jammu, Principal Secretary Home, ADGP CID, IGP (CIV), PHQ and senior officers from RBI, SEBI and Government participated in the meeting.
The SLCC reviewed the progress regarding notification of the rules in terms of the Jammu and Kashmir Chit Funds Act, 2016, appointment of nodal officer under the Jammu and Kashmir Protection of Interests of Depositors (in Financial Establishment) Act, 2018, sharing of Market Intelligence (MI) on NBFI activities, SOP for dealing with public complaint, issuance of notification under Section 45 T and 58 E of the RBI Act, 1934 and other issues.
The SLCC was informed that the rules in terms of the Jammu and Kashmir Chit Funds Act, 2016 have been finalized and will be notified shortly. Further, it was informed that under the Jammu and Kashmir Protection of Interests of Depositors (in Financial Establishment) Act, 2018; Additional District Magistrate shall be the Competent Authority within their territorial jurisdiction for carrying out the purpose of the Act. The order to this effect was issued by the State Finance Department on 8th January, 2018.
The SLCC also reviewed the progress in regard to the cases referred to the Crime Branch by the RBI and action taken on the public complaints against delinquent entities.
Chief Secretary impressed upon forging greater co-ordination between the regulators and law enforcement agencies to prevent unscrupulous companies from duping the investors of their hard earned money.. For this purpose, a Committee of officers drawn from Crime Branch, RBI, SEBI and RoC will meet on a fortnightly basis and exchange information.
Meanwhile, State Empowered Committee for Anganwadi Services met with Chief Secretary, B V R Subrahmanyam in the chair and deliberated upon the Annual Plan Implementation Programme (APIP) 2019-20 for the ICDS and approved an outlay of Rs. 742.93 crore to be submitted to Union Ministry of Women & Child Development for funding.
Speaking at the meeting, the Chief Secretary impressed upon the officers to take the benefits of these social empowerment schemes to the weaker sections in the rural and far off places in the State. He stressed on the need for a convergent approach by all concerned departments to make Anganwadi workers as the focal units of securing social security, healthcare and education.
The Annual Plan envisages operationalisation of 141 projects in the State under Rural, Tribal and Urban sectors through the existing network of Anganwadi Centres across the State. The major components of the plan include providing pre-school kits, medicine kits, uniforms etc to through Anganwadi centres besides the Supplementary Nutrition Programme for children, pregnant and lactating women for which Rs. 248.73 crore are proposed to be spent.
The meeting was attended by Principal Secretary, Planning, Development and Monitoring, Rohit Kansal; Commissioner Secretary FCS&CA, Dr. Abdul Rashid; Secretary School Education, Ajeet Kumar Sahu; Secretary Agriculture, Manzoor Ahmad Lone, Secretary PHE, I&FC, Farooq Ahmad Shah; Secretary Rural Development Department, Sheetal Nanda and other senior officers of various departments.