Huge money remains unspent with NMDFC, courtesy state agencies’ inaction
GK NEWS NETWORK
Pampore, Nov 15: Managing Director, National Minorities Development and Financial Corporation (NMDFC) Abrar Ahmad today said huge money meant for betterment of the minorities in the country, had remained unspent with the corporation, citing non-completion of the formalities by the State Channelising Agencies (SCA)s.
Speaking at a day-long ‘regional workshop of SCAs’ at J&K EDI Pampore, here, the MD said the NMDFC had huge funds which could be used for the betterment of the minorities. “But due to non-completion of requisite formalities by the SACs, these amounts have remained unspent,” he said.
The workshop, which was held under the auspices of NMDFC, New Delhi, was attended by representatives of different SCAs implementing the NMDFC schemes in Northern India.
Abrar stressed the need for the SACs to complete the prescribed formalities under different schemes to get money from the Corporation.
The meeting among others also attended by representatives of the department of Social Welfare, J&K WDC and EDI.
Earlier, Dr M I Parray, Director J&K EDI, talked about the initiatives of the institute and how “it is helping people to opt for entrepreneurship as a carrier option.”
He gave details about J&K EDI being identified as another challenlising Agency in J&K.
Others who spoke on the occasion included Dr. Nahid Soz MD JKWDC, R S Kotwal MD SC/ST Corporation J&K, B S Mamujolya, Chariman BACKFINCO Punjab, D.K. Bharatwaj Haryana, V. Satyanarayan GM NABARD.
The workshop also reviewed working of the SACs. The GIA scheme of Government of India, Women Empowerment Scheme, Micro-Financing Scheme of NMDFC, Vocational Training and Marketing and Assistance Schemes of NMDFC were also discussed during the day long workshop.
Lastupdate on : Mon, 15 Nov 2010 21:30:00 Makkah time
Lastupdate on : Mon, 15 Nov 2010 18:30:00 GMT
Lastupdate on : Tue, 16 Nov 2010 00:00:00 IST
- MORE FROM BUSINESS
GK NEWS NETWORK
Kupwara, Nov 15: A day after holding a public darbar in Srinagar, the Chief Minister Omar Abdullah, on Monday met hundreds of people in this frontier district, an official spokesman said.   More
- Srinagar City
Middle East meets Srinagar to harmonize tradition in Eid celebration
GK CITY CORRESPONDENT
WITH Eid-Ul-Azha round the corner, a practice common in the Middle East is making its impact in this Himalayan region as camels are out for sale in Srinagar for just one reason: Qurbani. Popular as More
Jammu, Nov 15: The Government of India has given nod to Rs 2 crore project of the state government to create Primary Reaction Teams (PRTs) to check the menace of man-animal conflict in Jammu and Kashmir More
Srinagar, Nov 15: The department of Consumer Affairs and Public Distribution seems least bothered about black marketing, hoarding and profiteering being complained about by common consumers in the run More
New Delhi, Nov 15: The Delhi High Court today issued notice to the state government seeking its response as to why criminal case should not be registered against Hurriyat Conference (G) chairman Syed Ali More