Advisor to Governor, Khurshid Ahmed Ganai today chaired 39th meeting of the Board of Directors of Jammu & Kashmir Scheduled Castes, Scheduled Tribes and Backward Classes Development Corporation here. The meeting reviewed the functioning of the corporation besides status of various ongoing schemes, loan disbursement and recovery process.The Board took several decisions which included expansion of J&K SC, ST & BC Development Corporation and financial health of the Corporation.Secretary, Social Welfare Farooq Ahmed Lone and Secretary Tribal Affairs, Abdul Majid Bhat were present in the meeting. The Advisor directed the Corporation to organize seminars on perception management with the opinion leaders of the target groups to make aware the people about the various welfare schemes implemented by the Corporation. He said that the main motive of the Corporation is to work for socio-economical emancipation of under privileged sections of the society and stressed on effective implementation of the schemes.The BoDs deliberated at length on the steps required to be taken for revival of the Corporation for making it more efficient and at the same time to provide more benefits to the under privileged sections of the society.It was given out that the management of the Corporation has improved its recovery position manifold. The Corporation has recovered Rs 8.02 crore upto ending December 2018 whereas, the recovery of loan during financial year 2017-18 was Rs 5.72 crore.The Corporation disbursed loans to the tune of Rs 13 crore among 640 beneficiaries up to ending December 2018 against the target of Rs 8 Crore for 650 beneficiaries for the year 2018-19. The Board revised the target of Rs 25 crore for the financial year 2018-19.
The meeting was informed that the Corporation from 1995 to December 2018 has disbursed Rs 98.09 crores by covering 6440 beneficiaries in the establishment of income generating units under Direct Financing scheme and under Bank Tie-up 29103 beneficiaries by disbursing subsidy component of Rs 16.14 crore.The Board directed the management to impart pre-disbursement, capacity building and skill development trainings to the beneficiaries by establishing its own training centers in Jammu as well as in Kashmir region.The Board approved the proposal for purchase of land for construction of office building for the Corporation in Jammu. The Board also approved MoU between Corporation and J&K Bank to provide online portal facilities for applicants regarding loans, repayments and to fully automation of offices. Managing Director informed the Board members that Corporation has organized Marketing Exhibition with financial support of National Minorites Development Finance Corporation at Jammu to provide platform to its beneficiaries to showcase their products and sell them at attractive prices.The Board members reviewed various other initiatives taken by the management for strengthening the working of Corporation including simplification of documents for loan disbursement, toll free number 1800-180-7163 to address the issues/complaints of target groups, clearance of long pending dues of Apex level Corporations, minimizing loan sanction and disbursement period etc.On the occasion, the Advisor appreciated the efforts of the management in infusing new vibrancy in the functioning of the Corporation. He emphasized on bringing more transparency and rationalization in loan disbursement so that all deserving beneficiaries get their due share.Managing Director of the Corporation R K Bhat, Director General Planning Development & Monitoring Department, Shahzada Bilal and other senior functionaries of the concerned departments were present in the meeting.