Srinagar, June 06: To review the performance of banks and line departments under District Credit Plan – 2022-23 for the March quarter, J&K Bank on Tuesday conducted a District Level Review Committee (DLRC) meeting at DC Office Anantnag. District Development Commissioner (DDC) Anantnag, Syeed Fakhrudin Hamid chaired the meeting that was attended by ADDC, CPO, LDO RBI, DDM NABARD, district coordinators of banks and line departments.
Welcoming the members, LDM Anantnag Shariq Mehraj informed the house that against a total credit plan of Rs 3979 crore, loans of Rs 2605.85 crore were available to 92023 beneficiaries by various banks in FY 2022-23.
He further said that the total deposits and advances of the district were recorded at Rs 7296 crore and Rs 5566.50 crore showing a YoY increase of Rs 545.99 crore and Rs 713.90 crore respectively. The CD Ratio of the district has increased from 71.89% to 76.29 % during the said period.
Highlighting the importance of Priority Sector Lending for inclusive growth of the district, Chairman DLRC impressed upon the need for the achievement of targets under DCP. He directed the participants to work in coordination for identifying genuine prospects to be facilitated by banks so as to give the necessary flip to the economy of the district. The concerned departments were directed to have an impact analysis of various schemes and government initiatives as part of the review.
Taking note of dismal performance under education loans, the banks were advised to impart financial literacy among target segments i.e. schools and colleges, especially in rural areas.
Regarding the saturation of social security schemes, Chairman DLRC advised the CFL centres to target block-level events like Block divas for maximum outreach. While urging the banks to clear their pendency, he directed the banks and sponsoring agencies to join hands so that the unemployed youth are guided properly and provided full support in getting their livelihood.
