Srinagar, July 11 -- The Jammu and Kashmir and Ladakh Finance Corporation (JKLFC) has approved the settlement of six non-performing asset (NPA) loan accounts under its Settlement Scheme-2026, with an interest waiver of around Rs.3.36 crore.
According to an official statement, the Settlement Committee, which met under the chairmanship of the Managing Director, considered seven NPA loan accounts and approved settlement proposals in six cases involving a total settlement amount of approximately Rs.84.43 lakh.
The settlements are subject to the borrowers depositing the approved amounts within the stipulated period and fulfilling the provisions of the scheme.
The statement said the Settlement Scheme-2026, approved by the Board of Directors at...