The District Development Commissioner (DDC) Kulgam, Dr. Bilal Mohi U Din Bhat today chaired District Level Review Committee (DLRC) meeting to review the performance of Banks and Line departments for FY/quarter Q2 September 30, 2021 under Annual Credit Plan and Govt Schemes.The Meeting was attended by ADC, ACD, CPO, DDM NABARD, District officers of line departments and various Bank officers.Briefing the chair, the Lead District Manager (LDM) Arshad Qadri informed that the deposits of Banks stand at Rs1931.00 Crores as on 30 September, 2021 witnessing a growth of 6.63 percent over September 2020, while Advances stand at Rs.1760.07 cr as on 30 September, 2021 witnessing growth of 12.04 percent over September 2020.
The Credit Deposit Ratio is 91.15percent which is quite above National Bench Mark of 60 percent, he added.Under District Annual Credit Plan (2021-22) of Rs.1398.24 Cr, Banks have disbursed Rs.504.38 Cr to 21053 beneficiaries for CFY up to 30 September, 2021 thus achieving 36 percent of ACP target.The DDC while reviewing sector wise achievements advised Banks to improve credit dispensations in Agriculture, MSME and instructed that more focus should be given to housing and education sectors. The DDC directed Animal Husbandry and Fisheries Departments to ensure mass awareness in order to cover all eligible beneficiaries under the District Level Special KCC Campaign w.e.f 8 November, 2021 for a period of three months.Dr Bilal impressed upon both the line departments & banks to improve direct financing in order to achieve the targets of the Annual Credit Plan.He impressed upon the line departments to cover all eligible persons under PMSBY, PMJJBY and APY. The DDC also instructed to organize financial literacy camps and to improve lending in education, Renewable energy and housing sectors.