JAMMU, NOVEMBER 23 (KNS): The Administrative Council (AC) which met here under the chairmanship of the Lieutenant Governor, Manoj Sinha, approved the proposal for Advance Payments in favour of FPS Dealers on account of their margin on monthly basis under NFSA Scheme.

Rajeev Rai Bhatnagar, Advisor to the Lieutenant Governor, Dr. Arun Kumar Mehta, Chief Secretary, J&K attended the meeting.

Administrative Council approved Advance Payments of 75% Central share on account of FPS Dealers margin, on monthly basis under NFSA Scheme, out of Revolving Fund (Foodgrains) Account, pending release of such claims by Government of India.Click Here To Follow Our WhatsApp Channel

Since the flow of funds of Government of India under NFSA is not regular and there was  persistent demand of FPS dealers for payment of commission at the rate of Rs.180/quintal to Fair Price Shop Dealers, the AC authorized for making payments as commission in advance of receipt of funds there by benefitting 4630 FPS dealers across the UT. This amount shall be recouped as and when Central share is released by the GoI .

The proposal has financial implications of Rs. 32,95,05,998/- (@Rs. 180/quintal) during each Financial Year but the same shall be recouped as and when funds are received from GoI.(KNS)