Srinagar, Mar 18: A meeting of the District Level Bankers Review Committee/District Consultative Committee (DLRC/DCC) was held on Saturday at the meeting hall of the DC Office Complex in Srinagar. The meeting was chaired by Deputy Commissioner (DC) Srinagar, Mohammed Aijaz Asad, who reviewed the performance of banks and financial institutions operating in the district under various government initiatives and sponsored schemes.
The DC assessed the sector-wise performance of banks in implementing different government initiatives and reviewed the achievements of banks in lending to priority and non-priority sectors under the Annual Credit Plan. It was revealed that an amount of Rs 2017.36 crore was disbursed among 43197 cases in Srinagar District under different schemes, generating self-employment opportunities for over 114943 unemployed youth in the District during the financial year 2022-23.
The meeting further revealed that the target of generating 1.50 lakh self-employment avenues for the youth of Srinagar District is set to be achieved during the current financial year, which is three times more than the 43000 accomplished during FY 2021-22.
While reviewing the bank-wise movement of CD Ratio in the District, the DC was informed that total deposits of the District Srinagar stood at Rs 33024.07 Crore and advances at Rs 23418.30 Crore, constituting a 71 percent CD Ratio in the quarter ending in December 2022. Additionally, banks operating in Srinagar have disbursed Rs. 4501.82 crore among 90904 beneficiaries under the Annual Credit Plan for the financial year 2022-2023, including Rs 1084.97 Crore under the priority sector and Rs 3416.85 Crore in the non-priority sector.
The meeting also discussed the performance under various government schemes such as Prime Ministers Mudra Yojna (PMMY), Pradhan Mantri Employment Generation programme (PMEGP), Mission Youth schemes, Pradhan Mantri SVANIDHI schemes, and PMF-ME scheme. The DC stressed on all the line departments and banks operating in the district to improve the credit facilities and educate the people about financial literacy through IEC activities. He encouraged the banks and all line departments to inspire novice entrepreneurs under economic activities to set up viable income-generating units in the district.
The DC appreciated the LDM, his team, and other stakeholders for their work in enhancing the CD ratio and improving their performance under priority and non-priority sectors. He called upon officers to work in unison with added vigour and zeal and set realistic targets so that desired results are achieved within the set timeline. The DC emphasised on the improvement of other schemes and flagship programmes of the government and focused attention towards targets set for the financial year 2023-24.
