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| Government mum as recoveries in Women's Corporation double from 48 to 96 lakh | | Incomplete ledgers, missing records puncture women empowerment slogan in J&K | | Peerzada Ummer
Early Times Report
SRINAGAR, June 27: The Jammu and Kashmir State Women's Development Corporation (JKSWDC) established otherwise to promote the women enterprises in the state and make them self reliant has completely failed in its functioning during the past six years, with the facts mocking at the claims of the state authorities.
Early Times has learnt that the corporation had not been able to speedily dispose off the loan applications during the period from 2009-10 to 2013-14. Due to the delay in the disbursement and processing of loans after sanction, the corporation had not been able to achieve loan disbursement targets during the past six years.
Despite the fact that the government had deputed eight district managers from the social welfare department to assist the corporation, the management had not been able to achieve the targets of loan disbursement. The loans that were ought to be sanctioned for the women in Jammu and Kashmir, wanting to establish their own units include micro-financing scheme, skill development, term loans and educational loans.
Reports informed that in State Women's Development Corporation the recovery of the loans, sanctioned by the corporation, was not satisfactory and 96.75 lakh rupees had become overdue for recovery. The reports are coming to fore that the corporation has no system of accounting recovery of Principal and Interest separately which otherwise is essential in case of a financial institution. Reports also said that during the past six years, the recoverable amount of loans had doubled from 48.83 lakhs to 96.75 lakh rupees.
Further, the corporation had not evolved any system to conduct post disbursement inspection of loanee's units in absence of which status of his business cannot be found in records.
Sources revealed that the political interference dominated in the disbursement of loans in the past and that on the recommendations of the helmsmen, the files used to get approved. A common person had to bear the brunt of delay and rejection thereof. The main reason found, as per sources, for not recovering the loan amounts, disbursed earlier, was due to the fact that the persons to whom the loans were approved, majority of them, were from the political background.
It became known further that no separate scheme wise records for recovery/ receipt and disposal of loan application cases were maintained at district level. In absence of which separate recovery of each scheme along with its receipts/ disposal could not be verified during the audit that was carried in the corporation.
Reports informed that the ledgers had been prepared in an incomplete form with the result it was not possible for the development officer to intimate the very exact amounts due from those beneficiaries who had come forward to clear their outstanding amounts. |
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