JK’s Joint Committee of Private Schools demands financial package from J&K Bank

Srinagar: Joint Committee of Private Schools Jammu and Kashmir has sought a financial bank from Jammu & Kashmir Bank asking it’s Chairman to help the education sector to survive at at this crucial juncture.
In a statement issued here on Saturday the Joint Committee of Private Schools Jammu and Kashmir expressed its concern over the deteriorating financial conditions of educational institutions as most of the parents are unable to pay the monthly charges. “Hundreds of crores of rupees is lying as outstanding fee with the parents as due to lockdown many activities have come to halt. Over 70000 staff associated with schools are facing huge salary cuts”, the statement reads.
The Association has requested J&K Bank to come forward with a more liberal financial package to help the education sector to survive at this crucial juncture. The Association has impressed upon the Chairman Bank to delay the transfer process for the time being as it will hamper the smooth functioning of Bank particularly at Branch levels where it takes time for a new manager to analyse and understand the needs of customers. “Today the State is in a sort of financial emergency. Any transfers at this stage is bound to affect the routine business and will create lot of hardships for the existing clients.Prof A G Masood, General Secretary”, the statement said.