DDC Budgam reviews performance under annual credit plan 2017-18

Also releases Rs 726 Cr Potential Credit Plan 2018-19

5 Dariya News

Budgam 16-Feb-2018

District Development Commissioner Budgam, Mohammad Harun Malik today chaired 62nd District Level Review Committee meeting to review the progress made by line departments and banks for the quarter ending against the envisaged targets of annual district credit plan 2017-18.Officers of the concerned departments, DDM NABARD, representatives from RBI, Cluster Head of JK Bank and District Coordinators of various Banks and BDOs operating in the district attended the meeting.The meeting discussed in detail progress and achievements made by the banks in the implementation of various government-sponsored schemes like Kissan Credit Card, NULM, Housing for All, Handloom, Weavers MUDRA, and Artisan Credit Card, and Stand Up India.On the occasion, DDC stressed on coordination between various line departments and called for focused attention on the conduct of training and awareness programmes in selected five villages of the district in the first instance.He exhorted upon managers of line departments to conduct field tours and banks to ensure hassle-free sanction and disbursement of loans. He also directed CPO to coordinate the activities of various line departments with BDOs so that there is synergy between the departments.

Giving details about the performance of Banks as on December 31, 2017, Lead District Manager apprised the meeting that total deposits as on have reached to Rs.1997.87 crore, total advances as to Rs 1727.44 crore, while as CD Ratio is 86.46% against the 83.65% of September 2017 thereby reflecting a growth of 3.36% over the previous quarter and 26.46% over and above the RBI benchmark of 60% which was appreciated by the representative from RBI and NABARD.  It was informed that under Priority Sector, the banks have disbursed Rs 539.86 crore against the target of Rs 582.79 crore and under non-priority sector have disbursed Rs 286.97 crore against the target of Rs 187.24 crore thus registered the achievement of 92.64% and 153.10% respectively with overall achievement at 107.35% against the annual targets.On the occasion, DDC also released annual Potential Linked Credit Plan (PLCP) of 2018-2019.It was given out that PLCP projection of district Budgam for the year 2018-19 is assessed at Rs 726.14 crore. Sector-wise coverage of credit potential is Rs 378.17 crore for Agricultural, Rs 256.70 crore for MSME, Rs 3.60 crore for Export credit, Rs 18.75 crore for Education, Rs 45.28 crore for Housing, Rs 6.97 crore for Social Infrastructure, Rs 7.23 crore for Renewable Energy and Rs 9.42 crore for others.