Jammu Kashmir Govt Constitutes Committee to Assess JAKFED Assets | Kashmir Life

SRINAGAR: The Government of Jammu and Kashmir has constituted a high-level committee to assess the value of assets held by the Jammu and Kashmir State Cooperative Federation (JAKFED), according to Government Order No. 27-JK(GAD) of 2026 issued on January 7.

The committee will determine the depreciated current market value of buildings and structures developed by JAKFED on state land, with the objective of arriving at an accurate valuation of its assets. The findings are to be submitted to the Cooperative Department within 15 days for further action.

The panel includes representatives from the General Administration Department, Revenue Department, Public Works (R and B) Department, and the Department of Law, Justice and Parliamentary Affairs, each holding the rank of Additional Secretary or higher. The Additional Registrar of Cooperative Societies, Jammu, serving as Liquidator, will provide administrative support.

The committee is chaired by a senior official and comprises several members tasked with evaluating JAKFED’s infrastructure and assets. The Principal Secretary to the Lieutenant Governor of JK will serve as the secretary to the committee.

The order mandates a comprehensive review of JAKFED’s properties and aims to provide a clear framework for asset valuation to facilitate informed decisions by the Cooperative Department.