DDC Kulgam chairs DLRC meeting

KULGAM, MAY 10: District Development Commissioner Kulgam, Sajad Hussain, today chaired a meeting to review the performance of banks and line departments up to the last quarter of the 2017-18 fiscal.

The meeting was informed that against the national target of minimum 40%, the banks in the district have disbursed 79.27% of the total credit in priority sector alone, adding that 52% of it has been provided in the agriculture sector.

Under the District Credit Plan 2017-18, it was informed, a total disbursement of Rs. 722 crore has been made against the target of Rs. 791 crore thereby registering an achievement of 91% at the end of fiscal.

Lead Bank Manager informed the meeting that deposits have increased from Rs. 1112.90 crore as on 31-03-2017 to 1267.75 crore as on 31-03-2018 depicting a growth of 13.91% on yearly basis. Besides, advances have considerably grown, as much as by 17.38% thereby increasing the CD ratio of the district to 76.78% which amounts to a 2% increase compared to the last year.

 It was also informed that the district has a network of 51 different bank branches besides 55 ATMs and 161 POS machines for encouraging digital mode of transactions.

Speaking on the occasion, the DDC called for earliest provision of banking facilities at Nandimarg, Brinel Lammer, Behibagh and Srandoo Gopalpora as recommended by the SLB. 

He impressed upon the banking institutions to cover all the underprivileged and labour class populations under social security schemes like PMJJBY and PMSB. He also urged the line department officers to share their database of MGNAREGA job card holders with banking institutions to cover them under the schemes.

Laying stress on schemes of differential rate of interest, the DDC also enjoined upon all the concerned to organize mega awareness programmes across the district so that the target population can be sensitized about the benefits of these financial schemes.

On the occasion, the DDC released a booklet on Area Development Scheme on Dairy and Sheep Farming prepared by NABARD. The scheme has been formulated to give a flip to sheep and dairy farming with the help of bank finance under direct lending mode. It has been launched in selective blocks of Frisal-Nooabad and Devsar-Qaimoh in the district.

Chief Planning Officer, Lead Bank Manager, DDM NABARD among other concerned officers attended the meeting.