DLRC meeting held at Budgam

Annual Credit plan of Rs 660.02 Crore for District Budgam

5 Dariya News

Budgam 04-Jun-2016

A meeting of District Level Review Committee of Budgam was held here today under the Chairmanship of District Development Commissioner, Budgam Mr. Mir Altaf Ahmad.The meeting was informed that an amount of Rs. 516.80 Crores has been disbursed by   the banks under Horticulture, Agriculture, MSME, Handicraft, PMEGP and KVIC Sector in District Budgam during the financial year 2015-16 up to ending March 2016 against the Annual Target of 543.06 Crores thus registered an achievement of 95.16% of the DCP 2015-16.The Total deposits have increased from Rs1568.57 Crore to 1794.56 Crore and total advances from 1197.41 Crore to 1316.71 Crore thus registered an increase of 14.40% and 9.96% respectively on YOY Basis. The total number of branches has also increased from 83 to 90 during the period.Under Kissan Credit Card Scheme, the total disbursement made by the banks since inception has reached to Rs332.80 Crore. Under Prime Minister’s Flagship Programme, i.e. PMMY, the Banks disbursed Rs. 60.56 Crore to 3649 beneficiaries Under PMJDY, the number of accounts opened by the inhabitants has reached to 125884 and the total deposit amount in these accounts has reached to Rs. 47.61 Lakh ending March 2016.

The Chairman, Mr. Mir Altaf Ahmad said that any kind of casual approach of banks and departments would not be tolerated. He urged upon the concerned bankers to strictly adhere to the guidelines. Cluster Head J&K Bank was asked to enquire into huge pendency of cases of Handloom sector. He exhorted upon the sponsoring agencies to carry out awareness campaign in order to disseminate features of the schemes to the masses. He asked the forum to ensure that there is no deviation in the credit plan. He hailed the new Annual Action Plan (District Credit Plan) of Rs 660.02 Crore for the Fiscal year 2016-17. Among others, the meeting was attended by CPO Budgam, LDO RBI, Cluster Head JK Bank, DDM NABARD, Sectoral Officers, Bank Coordinators, Director RSETI and other officials of District Administration.