District Development Commissioner Shopian, Choudhary Mohammad Yasin today chaired District Consultative Committee (DCC) and District Level Review Committee (DLRC) meeting to review the performance of Banks and line departments for the second quarter ending September 2019 under Annual Credit Plan– 2019-20.The meeting was attended by DDM NABARD, District level officers of concerned departments and Banks.The meeting was informed that total credit outstanding of all the Banks as on 30th September 2019 has been Rs.1338.35 crore against deposits which stood at Rs.932.06 crore as such taking CD Ratio to 143.59%.It was said that against the financial target of Rs. 1328.42 crore and physical targets of 39309 beneficiaries under ACP 2019-20, the Banks have disbursed Rs 448.76 crore to 13493 beneficiaries up to the end of second quarter.With regard to Annual Credit Plan, J&K Bank’s achievement by the end of Quarter Second of financial year 2019-20 has been 39% both in financial and physical terms vis-a-vis the set targets.While as, State Bank of India has achieved 53.03% of its annual targets in financial terms and 51% in physical terms and Punjab National Bank met only 4.13% of its annual financial targets and 14% of its physical targets, the meeting was told.
It was given out that Anantnag Central Cooperative Bank has achieved 5.58% and 4% of its financial and physical targets respectively, whereas Ellaquai Dehati Bank has achieved 6.49% of its financial and 13% of its physical targets.Similarly, HDFC Bank has achieved 7.39% of its financial and 5% of its physical targets and Axis Bank has achieved 1.26% of its financial and 1% of its physical target.Pertinently, the contribution of Jammu and Kashmir Bank towards the achievements in the ACP for FY 2019-20 as on 30th September 2019 is 73.38%. The Bank has disbursed Rs. 329.33 crore out of the total disbursement of Rs. 448.76 crore by all banks operating in the district up to the second quarter.Speaking on the occasion, the DDC exhorted upon the Banks to conduct massive awareness camps about the various banking schemes in collaboration with concerned departments to increase the credit flow in various sectors.Meanwhile, the Annual Credit Plan for year 2020-21 was finalized and approved during the meeting to the tune of Rs. 1471.90 crore.The size of ACP 2020-21 was increased by 10.80% over ACP 2019-20 keeping in view the environmental and socio-economic profile of the district.