JAMMU, April 6: Lieutenant Governor’s Advisor Farooq Khan today called the 28th Annual General Meeting (AGM) of the J&K Women’s Development Corporation (WDC).
The meeting was attended by Sheetal Nanda, Secretary of Social Protection; Dr Naheed Soz, Managing Director, WDC; Rajnesh Gupta, Addl. Secretary of the Department of Finance; Anil Kumar Dogra, SWD Finance Director; Mohammad Ashraf Hakak, OSD of the advisor and many other leaders of the Society.
During the meeting, the accounts for the year 2018-19 were adopted. Councilor Farooq Khan, who is also President of JKWDC, called on the Society to continue to do a good job of extending the benefits to the important gender of our community. He pointed out that women are the important constituent of the population and deserve to be held by the hand and encouraged.
The adviser further ordered that the loans be classified in accordance with the instructions of the auditors. He asked them to give a window to female borrowers who are pregnant or who have given birth. He focused on training aspiring entrepreneurs to run their businesses successfully.
The secretary of the social welfare department congratulated the management and staff of WDC for completing the accounts of the company and asked them to file the accounts for 2020-2021 in the next board of directors, because the financial year recently ended.
The Managing Director, Dr Naheed Soz, informed that the WDC has disbursed Rs 240 crore and has benefited 18,000 beneficiaries under various programs and that loan recovery has reached up to 95%. The CEO also gave details of the shares awarded to shareholders and the resulting benefits.
The shareholders were also informed that the accounts for 2020-2021 will be submitted very soon to the Board of Directors for approval. The CEO further informed that the financial health of the company is up to date and the company is expected to grow in the future.