JKLFC Revival Plan
Formulate business revival plan, says Atal Dulloo to JKLFC stakeholders
Jammu/IBNS: While chairing the 60th Annual General Meeting (AGM) of Jammu & Kashmir and Ladakh Finance Corporation(JKLFC), the Additional Chief Secretary Finance Atal Dulloo asked JKLFC to formulate a ‘business revival plan.
In the capacity of JKLFC's Chairman, Atal exhorted upon both the directors and the corporation to study the financial and managerial setup of the institution.
Dulloo also asked the corporation to use their human resources for accelerating progress the corporation's financial health.
During the meeting, it was informed that the corporation has done a business of Rs 26.19 crore this fiscal year by way of disbursement of loans.
It has also increased its recovery by Rs 1.91 crore from previous year taking it to Rs 22.28 crore, despite the ensuing pandemic.
The total portfolio of the corporation as on March 31, 2020 was said to be Rs 110.70 crore.
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