The District Level Review Committee (DLRC) and District Consultative Committee (DCC) meeting of District Kulgam was convened today under the chairmanship of Deputy Commissioner (DC) Kulgam, Athar Aamir Khan.
The meeting reviewed the performance of banks and line departments for the quarters ending June 30 and September 30, 2024, under the Annual Credit Plan (ACP) and various government schemes.
Lead District Manager (LDM), Parvez Rashid, provided a detailed overview, revealing that as of September 30, 2024, bank deposits in the district stood at Rs.2541.67 crore, reflecting a growth of 13.12% over the previous year.
Advances amounted to Rs.2324.98 crore, showing a 6.28% growth over the same period. The Credit-Deposit Ratio (CDR) of the district was 91.47%, significantly above the national benchmark of 60%. Under the District Annual Credit Plan (2024-25), which targets Rs.1937 crore, banks disbursed Rs.825.53 crore to 31,775 beneficiaries during Q2, achieving 43% of the ACP target.
While reviewing the sector-wise performance, the DC instructed banks to enhance credit disbursement in agriculture, MSME, and emphasized sectors like farm mechanization, education, housing, and renewable energy.
LDM also highlighted that Kulgam district has achievements recorded under government schemes such as PMEGP, Artisans/Weavers Credit Card, and PM Weavers Mudra Scheme. Additionally, 317 vehicles have been provided under the Mumkin Scheme, 29 cases disbursed under Tejaswini, and 47 cases under Spurring initiative.
The DC stressed the importance of timely and efficient implementation of government-sponsored schemes like PMEGP, REGP, NRLM, and NULM to promote self-employment in the district.
He strongly urged banks to expedite the processing of cases, and emphasized the need for line departments to ensure comprehensive coverage under social security schemes such as PMSBY, PMJJBY, and APY.