SRINAGAR, DECEMBER 12- A loan assistance of 11024.47 crores has been approved for Jammu & Kashmir under the Atmanirbhar Bharat Abhiyan (liquidity infusion scheme in DISCOMs.) This will enable J&K to clear its outstanding payments under Power purchases made by it. An MoU for availing of the of the second tranche of this loan for Rs. 5444.47 crores was signed between JK Power Development Department, J&K Power Corporation Ltd. and Power Finance Corporation in the presence of the Principal Secretary Power Development Department, Rohit Kansal at Srinagar today.
The MoU was signed by the Director Finance PDD, Mr M. H Malik and Chief Engineer JKPCL, Mr. Mohammad Yousuf Baba and Mr. Madhu Chakraborty GM, L&D PFC. The MDs of the DISCOMS, Chief engineers of PDD and other senior officers were present on the occasion. The ED of the PFC Mr. Manoj Sharma joined the ceremony through video conferencing.