SRINAGAR : Advisor to LG, Rajeev Rai Bhatnagar, today chaired the 42nd Board of Directors (BoDs) meeting of J&K Scheduled Castes, Scheduled Tribes, and Backward Classes Development Corporation (JKSCSTBCDC) at Civil Secretariat here.Sheetal Nanda, commissioner secretary of the social welfare department, Prabhat Kumar, managing director of the National Safai Karamcharis Finance and Development Corporation, Ulfat Jabeen, managing director of the JKSCSTBCDC, representatives of the finance department, the National Scheduled Castes Finance and Development Corporation, the National Handicapped Finance and Development Corporation, and other board members participated in the meeting both in person and via video conferencing.Financial performance, monitoring and evaluation procedures, and the identification of potential areas for the corporation’s future growth and development were among the important agenda issues covered during the meeting. The Action Taken Report on the decisions made at the preceding Board of Directors meeting was also the subject of extensive discussion by the Board. During the meeting, Advisor Bhatnagar addressed the officers and said that JKSCSTBCDC was founded with the goal of uplifting underserved communities and fostering inclusive growth. According to him, it is essential to the implementation of government policies and welfare programmes for the benefit of these communities. He emphasised the government’s steadfast dedication to the welfare and advancement of Backward Classes, Scheduled Castes, and Scheduled Tribes. In order for the greatest number of people to benefit from the Corporation’s programmes, the advisor urged the management of the corporation to identify more beneficiaries during this fiscal year. He also dug deep into them to develop a clear strategy for collecting debts from defaulters. At the meeting, the Board of Directors made some crucial decisions that will improve the corporation’s overall performance. The Board authorised the Managing Director of JKSCSTBCDC to submit electronic forms to the Registrar of Companies as well as authorised the draught accounts for the Financial Years 2021 and 2022. The Board also agreed to charge beneficiaries interest in accordance with the apex corporation. The BoDs also requested that the firm develop software for managing beneficiary loans in conjunction with J&K Bank. JKSCSTBCDC, a financial advisor, presented a thorough overview of the company’s accomplishments during the meeting. According to information provided, the corporation provided assistance to 30333 members of the SC, ST, and BC communities under the Bank Tie-Up Scheme up until March 2023. Similarly, it was disclosed that the Direct Financing scheme assisted 41383 people. A loan amount of Rs. 320.52 crore was disbursed under the Direct Financing programme up through March 2023, while a subsidy amount of Rs. 17.41 crore and a bank loan amount of Rs. 75.47 crore were disbursed via the Bank Tie up scheme.
