Advisor Khan chairs 28th AGM of WDC

Advisor Khan chairs 28th AGM of WDC
Advisor Khan chairs 28th AGM of WDC

Corp disbursed an amount of Rs 240 crore among 18000 beneficiaries

JAMMU, April 06: Advisor to Lieutenant Governor, Farooq Khan today convened the 28th Annual General Meeting (AGM) of J&K Women’s Development Corporation (WDC).

The meeting was attended by Sheetal Nanda, Secretary Social Welfare; Dr. Naheed Soz, Managing Director, WDC; Rajnesh Gupta, Addl. Secretary Finance Department; Anil Kumar Dogra, Director Finance SWD; Mohammad Ashraf Hakak, OSD to the Advisor and many other officers of the Corporation.

During the meeting accounts for the year 2018-19 were adopted. Advisor Farooq Khan who is also chairman of, JKWDC asked the Corporation to keep on doing good work of extending benefits to the significant gender of our community. He remarked that women are the important constituent of the population and deserve handholding and encouragement.

Advisor further directed to classify loans as per the directions of the auditors. He asked them to give windows to the women borrowers who are pregnant or had delivered babies. He emphasized training aspiring entrepreneurs to run their businesses successfully.

Secretary, Social Welfare Department applauded the management and staff of WDC for completing the accounts of the Corporation and asked them to table the accounts of 2020-21in the upcoming BoD as the financial year has ended recently.

Managing Director, Dr. Naheed Soz informed that WDC has disbursed Rs 240 crore and benefitted 18000 beneficiaries under various schemes, and recovery of loan has reached up to 95%. The managing Director further gave details of the shares allotted to shareholders and benefits accruing.

It was also brought to the notice of the shareholders that the accounts for the year 2020-21 will be placed before the Board of Directors very soon for approval. The managing Director further informed that the financial health of the Corporation is up to the mark as of today and Corporation is expected to grow in the future.

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