Promotion of Entrepreneurial units , Special Clusters being formulated: DC Baramulla

Chairs DLRC meeting, reviews achievement of Banks, financial Institutions

5 Dariya News

Baramulla 10-Mar-2020

Deputy Commissioner Baramulla, Dr G N Itoo today said that special clusters in different regions of the district are being formulated so that different entrepreneurial units including sheep, poultry and dairy farming are promoted. He said that such clusters will be formulated keeping in view the potential in terms of scope and available resources in these regions.DC said this while chairing the District Level Review Committee (DLRC) meeting here at Dak Bungalow to review the overall performance of banks and other related institutions for the quarter ending December 2019 of the current fiscal.Meeting was attended by Zonal Head JK Bank, LDM Baramulla Mohammad Shameem, DDM NABARD Mohammad Wasil, officers of various concerned departments, representatives of various banks and other financial institutions among other concerned.On the occasion, the DC stressed the need for 100 per cent achievement of Annual Credit Plan targets and emphasized the heads of various financial institutions to disseminate awareness with regard to the welfare schemes sponsored among masses so that people can avail benefits.He directed the bank representatives to conduct outreach programmes and camps to educate the people about various welfare programmes sponsored by the financial institutions operating in the district.

While expressing concern over the poor performance of some banks, DC asked them to achieve desired target within the fixed timeframe. He also directed to expedite all the pending KCC loans before 15th of this month.Deliberating upon various departments to work in coordination, the DC directed the sponsoring departments and agencies to establish help desks for the candidates wishing to get financial assistance from these institutions.He also directed them to acquaint the appointed Nodal Officers with the requisite know-hows who can efficiently liaise with stakeholders besides providing counseling to the aspiring candidates. He further impressed the stakeholders to leave no stone unturned in implementing the welfare and developmental schemes in the district aimed at uplifting the downtrodden and vulnerable sections of the society.Meanwhile, enumerating the list of achievements, Lead District Manager said that the achievements under ACP 2019-20 for the district stood at  Rs.1796.93 Crores as on 31-12-2019 which constitutes 54.15% of the target of Rs 3318.48 Crores as laid down in ACP. He further said that achievements under priority sector advances were to the tune of Rs. 2761.99 Crore which constitutes 64.59% while as under non-priority sector the achievements are to the tune of Rs. 577.81 Crore against target of Rs. 588.29 Crore for financial year 2019-20, while the CD ratio of the district as on December 31, 2019 stood at 80.65.Earlier, DC launched Potential Credit Plan 2020-21 for District Baramulla.