KULGAM, SEPTEMBER, 12 District Development Commissioner Kulgam, Dr Shamim Ahmad Wani today chaired the District Level Review Committee (DLRC) meeting to review the performance of banks and line departments under ACP during the 1st quarter of the financial year 2018-19.
Member Parliament Rajya Sabha Nazir Ahmad Laway was also present on the occasion.
ADDC Khawaja Nazir Ahmad, ACD, CPO, district officers of the concerned departments, DDM NABARD, District Coordinators of various Banks, representatives of NGOs and other concerned also attended the meeting.
The meeting discussed in detail progress and achievements made by the banks in the implementation of various government-sponsored schemes like Kisan Credit Card, NRLM, Housing for all, Handloom, Weavers MUDRA, SHGs, JLGs, Artisan Credit Card, and Stand Up India. Besides the sponsored schemes, loans provided by banks under direct lending mode was also discussed.
Giving details about the performance of banks, the house was informed that total deposits of the district have decreased from Rs 1267.75 crore to 1227.46 crore depicting 3.17 per cent decrease over the previous quarter. It was also given out in the meeting that advances have considerably grown from Rs 973.41 crore to 1032.95 crore showing growth of 6.11% over previous quarter, while CD ratio stands at 79.13% which is above the national benchmark of 60 per cent.
The meeting was also informed that under priority sector, the banks have disbursed Rs 813.27 crore.
On the occasion, DDC exhorted upon the banks to conduct massive awareness camps about the various banking schemes in collaboration with concerned departments to increase the credit flow in various sectors. He stressed upon greater coordination between banks and various line departments.
MP Nazir Laway raised various issues and urged banks and other concerned agencies to provide hassle-free sanction and disbursement of loans under various schemes to people especially unemployed youth. He also announced Rs 5 lakh to Fisheries Department for upgradation of trout farm at Chawalgam.