Financial Commissioner, Finance, Dr. Arun Kumar Mehta today chaired the 4th Board of Directors’ meeting of Jammu & Kashmir Infrastructure Development Finance Corporation Ltd.
Financial Commissioner who is also Chairman & ManagingDirector of Jammu & Kashmir Infrastructure Development Finance CorporationLtd. reviewed the working of JKIDFC and obtained the status on action taken onthe decisions of the 3rd Board of Directors meeting held on 21.01.2019.
During the meeting, Board members reviewed theprogress of implementation of the Infrastructure projects that have beenapproved by the High Powered Committee of Finance Department and are to befunded under the Special Scheme of the languishing projects by the JKIDFC. TheBoard instructed the Management of the Corporation to streamline the accountingprocess and to prepare Works manual, Accounting Manual, Vigilance Manual &HR Manual for the smooth working of the corporation.
The Board appreciated the process of creating an innovativeOnline Portal for Management & Monitoring of Infrastructure Projects by theCorporation. The Board was informed that the Corporation has already madePayments of Rs 15.08 Crore towards 29 languishing projects of variousDepartments through Online Payment System.
Regarding implementation of the projects the Chairman&Managing Director directed that Geo-tagging of the projects shall be madecompulsory and concurrent audit Cellshall be created within the Corporation for which manpower requirement shall beworked out by the Management of the Corporation in consultation with the BoardMembers.