ADC Jammu chairs DLRC/DCC meeting

ADC Jammu chairs DLRC/DCC meeting

JAMMU, MARCH 6: Additional Deputy Commissioner Dr Tahir Iqbal today chaired a meeting of District Level Review Committee/District Consultative Committee for the Quarter ended December 2019 to review the performance of Banks with regard to achievement under Annual Credit Plan (2019-20) and position of Deposits, Advances and CD Ratio.

The LDM said that the district recorded Rs 44117.62 Crore deposits and Rs 13821.34 Crore Advances, as on Dec 31, 2019. The C.D. Ratio of the District was 31.33%.

The ADC stressed upon the Banks to increase the C.D. Ratio by forming a working group of Banks and line Departments to avoid any kind of bottleneck. Banks were asked to simplify the procedure of lending.

He also stressed on organising Financial Literacy Awareness Camps in coordination with Banks and Government Departments on a regular basis. He asked the Banks to utilize the camps to create awareness amongst the people about the Financial literacy, to achieve 100% coverage of PM Kisan Beneficiaries with KCC and spread awareness about schemes like PMEGP, Housing for all, Pradhan Mantri Mudra Yojna and PM Social Security Schemes. He also stressed upon the banks to clear   all the pending cases sponsored by different government departments by 20th March 2020.

The meeting was convened by the Lead Bank office, State Bank of India, Jammu and attended by   LDO RBI, DDM NABARD & representatives from all other Banks, FLCs and concerned departments.