DDC Kulgam chairs DLRC meet, Stresses for timely disposal of government sponsored cases, increase lending in priority sector

KULGAM,MARCH,15:(KNS) The District Development  Commissioner Kulgam Dr. Bilal Mohi-u-Din Bhat (IAS) today chaired District Level Review.
Meeting (DLRC) to review the performance of Banks and Line Deptartments  for  Quarter Q3  under Annual credit Plan and Govt Schemes.
Meeting was attended by CPO, Representative  from  RBI, DDM NABARD, Distt officers of line deptts and various Bank officers.
LDM Kulgam, Arshad Qadri welcomed the members & revealed that deposits of Banks stand at Rs2240.97 Crores as on 31.12.2021 witnessing growth of 9.58% over December 2020, Advances stand at Rs.1699.75cr as on 31.12.2021 witnessing growth of 10% over December 2020. The Credit Deposit Ratio is 75.85% which is quite above National Bench Mark of 60%.
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 31.12.2021 thus achieving 57% of ACP target. 
DDC while reviewing sector wise achievements advised Banks to improve credit dispensations in Agriculture, MSME, and more focus should be given to housing and education sectors. 
 Adressing 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 upon the Banks and Line Departments to work in close coordination and synergy to cover the benificieries 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 goingto   tpen new bank brach at watoo and 3 new ATMs to be added at different locations.
     The  District Development Commissioner later approved 
 district credit plan and Potential linked plan for financial year 2022-23.(KNS) 

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