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Financial Resources
   

The Corporation is a registered non-profit making organization, based on its objective of socio-economic and educational upliftment of weaker section of the society practically no source of its own. However under its scheme of Direct Financing it is adding interest 2-3% which too is realizable after the loan liquidated in full.

 

Share Capital:

The authorized Share Capital of the Corporation is Rs.5000.00 lacs and the paid up Share Capital contribution by the State and Central Governments in the ratio of 51:49 as on 31.03.2018 is as under:

(Figures in Lacs)
 
Authorized Share Capital
Paid –up Share Capital
State Government
2550
1887.00
Central Government
2450.00
2804.92
Total
5000.00
4691.92

 

Budgetary Support by the State Government

The corporation being a non-profit earning organization is of late getting some support financial support from the State Govt. in shape of budgetary support (upto 31.03.2018) which is as under:

2004-05
Rs. 10.00 Lacs
2005-06
Rs. 25.00 Lacs
2006-07
Rs. 30.00 Lacs
2007-08
Rs. 50.00 Lacs
2008-09
Rs. 50.00 Lacs
2009-10
Rs. 50.00 Lacs
2010-11
Rs. 100.00 Lacs
2011-12
Rs. 110.00 Lacs
2012-13
Rs. 304.00 Lacs
2013-14
Rs. 396.00 Lacs
2014-15
Rs. 455.00 Lacs
2015-16
Rs. 527.84 Lacs
2016-17
Rs. 592.18 Lacs
Total upto 31.03.2017 Rs.2700.02 Lacs
From 01.04.2017 Grant –In-Aid introduced instead of Budgetary Support
2017-18 Rs.612.80 Lacs
Grand Total as on 31.03.2018 3312.82 Lacs

Copyright © 2016 J&K SC,ST & BC Dev.Corporation Ltd, 715-A, Last Morh, Gandhi Nagar, Jammu - 180004
Telephone/ Fax: +91-0191-2433229