District Development Commissioner Srinagar, Dr. Farooq Ahmad Lone, today chaired a District Level Review Committee (DLRC) meeting to review the progress of banks as on December 31, 2016.The meeting was attended by officers of concerned Departments, DDM NABARD, and Cluster Heads of banks and financial institutions operating in district Srinagar.The meeting reviewed the progress and achievements made by the banks in implementation of various Government sponsored schemes including Pradhan Mantri Awas Yojana, Pradhan Mantra Jan Dhan Yojana, Pradhan Mantra MUDRA Yojana, Pradhan Mantra Fasal Bima Yojana, NULM and Stand-Up India.Performance of banks in the areas of deposits and advances besides sector-wise performance under the District Credit Plan 2016-17 was also reviewed in the meeting.
On the occasion, the DDC said that banks and financial institutions in the district must play their role for the economic progress of Srinagar. He emphasized that banks must be positive and instrumental in credit dispensation and increase the Credit Deposit Ratio (CDR) to the benchmark level fixed by the RBI.While reviewing the progress achieved in special Central/State sponsored schemes and under social security schemes, he directed the banks to expedite sanctioning of sponsorships.He stressed on making concerted efforts to increase the CDR facility. He also asked the officials of banks and Government Departments to conduct awareness programmes about the schemes wherever required.The meeting also reviewed the progress of Digital Banking in the district. On the occasion, the DDC formally launched the Potential Linked Credit Plan (PLP) 2017-18.