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Jammu/Srinagar, October 17: The Jammu & Kashmir SC/ST & BC Development Corporation has achieved a significant milestone in loan recovery, recovering a total of ₹9.68 crore and registering 12.36% quarter-on-quarter growth following intensified efforts under its Special Recovery Drive.
The initiative is being undertaken under the directions of Hon’ble Chairperson Ms. Sakeena Masood Itoo, Minister for Health & Medical Education, School Education, Higher Education and Social Welfare, and the supervision of Shri Ranjeet Singh, JKAS, Managing Director, with a focus on strengthening recovery mechanisms and improving the Corporation’s financial performance.
The Special Recovery Drive has strengthened recovery efforts and contributed to improved financial performance, helping replenish funds for extending financial assistance to eligible beneficiaries.
The Corporation remains committed to sustaining this momentum through regular monitoring and coordinated efforts in the coming quarters. Public Appeal: The Corporation appeals to all borrowers to clear their outstanding dues promptly and cooperate with the ongoing recovery drive.
Timely repayment will help replenish the revolving fund and enable the Corporation to extend financial assistance to more eligible beneficiaries, thereby supporting inclusive socio-economic development across Jammu & Kashmir and Ladakh.
The Corporation reiterated its commitment to strengthening financial sustainability and ensuring that its development-oriented lending programmes continue to benefit deserving beneficiaries.
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