DDC Kulgam chairs DLRC meet
Stresses for timely disposal of government sponsored cases, increase lending in priority sector
Kulgam, Mar 16: The District Development Commissioner (DDC) Kulgam, Dr. Bilal Mohi-u-Din Bhat chaired District Level Review Committee meeting (DLRC) to review the performance of Banks and line departments for Quarter-3 under Annual credit Plan and Govt Schemes.
LDM Kulgam, Arshad Qadri revealed that the deposits of Banks stand at Rs. 2240.97 Crores as on 31 December, 2021 witnessing growth of 9.58 percent over December 2020, Advances stand at Rs.1699.75cr as on 31 December, 2021 witnessing growth of 10 percent over December 2020. The Credit Deposit Ratio is 75.85 percent which is quite above National Bench Mark of 60 percent.
Under District Annual Credit Plan (2021-22) of Rs.1398.24 Cr, Banks have disbursed Rs.795.02 Cr to 33490 beneficiaries for CFY upto 31 December, 2021 thus achieving 57 percent of ACP target.
Reviewing sector wise achievements, the DDC advised Banks to improve credit dispensations in Agriculture, MSME, and more focus should be given to housing and education sectors.
Addressing the meeting, the DDC laid emphasis to cover the unemployed youth under various self-employment generating schemes and to ensure proper implementation of government sponsored schemes likes PMEGP, REGP and other self-employment generation schemes.He also urged the Banks and Line Departments to work in close coordination and synergy to cover the beneficiaries under various sponsored schemes of government within due time.
Dr Bilal also impressed upon the line departments to cover all eligible persons under PMSBY, PMJJBY and APY.
Furthermore the chair was informed that under MUDRA, an amount of 117 crore have been disbursed.
The DDC instructed the Banks to achieve set target under Stand up initiative.
During the meeting the concerned from JK Bank informed the chair that the bank is going to open new bank branch at Watoo and 3 new ATMs to be added at different locations.
The DDC later approved district credit plan and Potential linked plan for financial year 2022-23