Srinagar, Jul 8 : An amount of Rs 7.37 crore released by the Centre under a scheme for providing quality education in Madrasas” (SPQEM) remained unutilised in Jammu and Kashmir, where Chief Education Officers (CEOs) withdraw funds worth crores of rupees without ascertaining the existence, status of registration and willingness to receive funds assistance of madrasas. Of Rs 8.86 crore released by GoI for 372 Madrasas, only Rs 1.49 crore was disbursed among 103 Madrasas and Rs 7.37 crore was lying unutilised.