Pulwama, Apr 13: District Development Commissioner Pulwama, Baseer-Ul-Haq Choudhary on Thursday stressed on better coordination between banks and government departments for bringing improvement in the CD ratio. He impressed upon them to put in added efforts to increase the CD ratio by focusing on potential areas.
The DDC convened the District Level Review Committee meeting of the district here. During the meeting, detailed discussions were held on the CD ratios of the banks, identification of beneficiaries, flow of credit, assistance under Government sponsored schemes, performances of banks under the District Credit Plan (DCP), achievements made under the above said Quarter, monitoring initiatives and Credit Plus activities.
It was given that under Agriculture, Education and Housing Sectors, banks have disbursed an amount of Rs 650.33 crore, 3.69 crore and 84.12 crore respectively. Whereas in Medium Small and Micro Enterprises, 226.43 crores were disbursed against the annual target of 239.38 crores. An amount of 616.29 crores of loan has been sanctioned to weaker sections. Regarding the Year-wise achievements of targets under priority & non-priority sectors, an amount of 1556.75 crores have been disbursed by Q3 (FY2022-23).
The DDC directed for ensuring balanced lending in all key sectors to promote equitable growth and also emphasized upon the heads of the financial institutions to spread awareness with regard to the welfare schemes sponsored by them among masses so that people can avail benefit for their socio-economic development. He stressed for self-reliant and sustainable agriculture and horticulture sector. He hailed the role of the agriculture and horticulture sectors in creating self-reliant and sustainable employment in the district.
He emphasized on the priority sector lending with a special focus on education, women’s development and agriculture allied sectors and directed concerned officials to organize financial literacy camps in every block of the district and stressed upon the bankers and concerned officers to adopt public friendly approach and work in coordination so that good results are achieved at the grassroots level.
The Deputy Commissioner praised the credit planning exercise of NABARD for preparing Potential Linked Credit Plans (PLPs) for the district.
