District Development Commissioner (DDC) Nidhi Malik chaired the District Level Review Committee (DLRC) meeting here today to assess the performance of the banks during Quarter Ending December 2024.The review focused on the Credit-Deposit Ratio (CDR), the flow of credit to priority and non-priority sectors, and the effectiveness of government schemes designed to aid economic growth across different sectors.
The banks were instructed to work more effectively to provide credit facilities to sectors such as industry, agriculture, and small and medium- Enterprises (SMEs), which are vital for the economic growth of the district. The DDC also emphasized the importance of continuous collaboration between banks and government departments to ensure the swift disbursement of loans and benefits under the government schemes.
She highlighted the need for faster processing of beneficiary cases to ensure that the assistance reaches the intended recipients in a timely manner. “This collaboration is crucial to ensure that the government's financial support programs are implemented effectively and efficiently at the grassroots level’ she added.
In addition, emphasis was laid on improving banking penetration in the district, particularly in unbanked and underserved areas, to enhance financial inclusion. The meeting was attended by ADDC Sukhdev Samyal; CPO Narinder Kumar; LDM SBI, RBI representative, Cluster Head J&K Bank, CAO, CAHO, CHO and other bank representatives and Government officials were present.