Kashmir Floods: Co-operatives deparment estimates loss of Rs 6 crore

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Srinagar: Jammu and Kashmir Co-operatives Department has suffered an estimated loss of about Rs six crores due to September 7 floods that swept the capital city Srinagar, an official handout informed Wednesday.
The figures were released in a meeting convened by Ramesh Kumar Koul, Secretary to Government Co-operatives Department at their office in Hyderpora, Srinagar after assessing the damage to various financial institutions including co-operative banks.
“JAKFED has provided 5000 LPG cylinders to the general public affected by floods without asking for any documentary proofs,” the handout added.
Almost all the branches of the Co-operative banks in the valley were functional and that the routine transactions were taking place, the secretary was told during the meeting.
The secretary directed all the chief executives and/or Managing Directors and officers to work out the actual figures of the losses suffered for further action.

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