DLRC meet held at Shopian

5 Dariya News

Shopian 05-Mar-2020

The District Level Review Committee (DLRC) meeting for the 3rd Quarter of the fiscal year 2019-20 was held today under the chairmanship of District Development Commissioner, Chaudhary Mohammad Yasin.The meeting was attended by District Level officers of various Government Departments, Bankers, LDO RBI, DDM NABARD and other concerned.The meeting was informed that the total credit exposure of all the banks as on December 31, 2019 has been to the extent of  Rs 1248.84 Crore against deposits of the district which stood at Rs.1131.02 Crore as such taking CD Ratio to 110.42%.The percentage of priority sector advances to total advances is at 83% against the mandatory requirement of 40%. The share of the agriculture credit in the District Plan was recorded at Rs.494.56 crores against Target of Rs.1103.04 Crores for the year 2019-20.Against the financial target of Rs. 1328.42 Crores and physical targets of 39309 beneficiaries under DCP 2019-20, the banks have disbursed Rs.660.26 Crores to 19076 beneficiaries upto the end of 3rd quarter of Financial Year 2019-20 thereby achieving the financial targets by 50% & physical targets by 49%.Lead District manager Shopian  briefed the chair with regard to the Annual Credit Plan, J&K Bank’s achievement by the end of 3rd Quarter of FY 2019-20 has been 90% in financial terms as compared to the total growth of the district ,State bank of India has achieved 49%  of its annual targets in financial terms and 56% in physical terms ,Punjab National Bank met only 7% of its annual financial target and 16% of its physical targets , The Anantnag Cooperative Bank has achieved 6% and 5% of its financial and physical targets respectively , Ellaquai Dehati Bank has achieved 14% of its financial and 24% of its physical target,  HDFC Bank has achieved 12% of its financial and 8% of its physical target and Axis Bank has achieved 2% of its financial and 2% of its physical target It was informed that the contribution of Jammu & Kashmir Bank towards the achievements in the ACP of financial year 2019-20 as on 31st December 2019 is 59%. The bank has disbursed Rs 594.70 Crores out of the total disbursement of Rs.660.26 crores by the banks operating in the district upto 31st December, 2019.The District Development Commissioner urged the bankers to adhere strictly to the guide line of RBI and ensure liberal lending to the priority sector so that socio-economic conditions of the people are improved.