Srinagar, Jun 25 (KNS): With special emphasis on the implementation of schemes rolled-out under the government’s Aatmanirbhar Bharat Abhiyaan, J&K Bank- the lead bank of the
district- organised a District Level Review Committee/District Consultative Committee (DLRC/DCC) meeting of district Shopian to review the achievements made under various
sectors of economy during the fourth quarter of the financial year 2019-20 under theannual District Credit Plan (DCP).
Organised at the District Administrative Complex Shopian by the bank’s Lead Bank office, District Development Commissioner (DDC) Chaudhary Mohammad Yasin (IAS) chaired the
meeting attended by DDM NABARD, other banks operating in the district and district level
officers of various government departments.
While reviewing the performance of the banks, DDC Shopian appreciated the role of the
bankers during the ongoing Covid-19 pandemic and stressed that the schemes rolled out by
the government of India (GoI) under Aatmanirbhar Bharat Abhiyaan be implemented in
letter and spirit through close coordination of all the stake holders.
Giving an overview of the achievements, the Lead District Manager (LDM) Ghulam Rasool
Dar informed the house that the total credit exposure of all the banks operating in the
district as on March 31, 2020 has been to the extent of Rs 1306.02 Cr as against Rs
1135.59 Cr on March 31, 2019, showing a steady growth of 15.01 pc on YoY basis. The
district’s deposits stood at Rs 1220.46 Cr as compared to Rs 1130.57 Cr recorded on
March 31, 2019 while the CD Ratio remained healthy at 107.01 pc.
“The priority sector advances of the district stood at Rs 1065.19 Cr as on March 31, 2020
as compared to Rs 948.22 Cr, showing a growth of 12.33 pc on YoY basis. Pertinently, the
advances in the priority sector of the district comprises 82 pc of the total credit
exposure”, he said.
Notably, with regard to the achievements under the District Credit Plan 2019-20, J&K
Bank’s accomplishment stood at 85 pc in financial terms and 93 pc in physical terms(KNS)