Karnah Kupwara: A severe shortage of funds in the Karnah Treasury has left hundreds of current and retired employees, along with contractors, unable to access their savings. This financial crisis has caused significant distress, with bills worth crores of rupees pending clearance.
According to sources, GP Fund bills amounting to ₹10 crores have been stuck since September 26, 2024. Additionally, gratuity and other GP Fund and CP Fund bills worth ₹4.25 crores, ₹9 lakhs in arrears, ₹4.90 crores for contractors, ₹30 lakhs for SLI, ₹6 lakhs in land compensation, and ₹3 lakhs in R&B deposits are yet to be processed.
The shortage of funds is disrupting government payments and other financial operations. Local employees have expressed their frustration, stating that GP Fund withdrawals are often essential during emergencies, such as for children’s weddings, house construction or repairs, or medical treatments. However, they are unable to access their own money due to the treasury’s empty coffers.
A female employee shared her struggle, saying, “I am exhausted from repeated visits to the treasury. Despite completing all required paperwork and submitting my file three months ago, there is no clarity on when I’ll receive my funds. We are being told the treasury has no money.”
Several employees reported starting construction projects with the assumption that their funds would be released promptly. However, their files have been left unattended for months, forcing creditors to visit their homes and demand repayment.
Employees and contractors have called on the government to take immediate action to resolve the treasury’s financial crisis. They urge authorities to ensure sufficient funds are available to clear pending bills and alleviate the hardships faced by the public.
