To review the credit flow in the core sectors in the last two quarters, District Development Commissioner, Mohammad Nazir Sheikh on Friday convened a joint meeting of bankers and sponsoring agencies, here.A detailed discussion was held in the meeting on various points including position of CD Ratio in the district, number of financial literacy programmes conducted by the rural branches, initiatives for providing credit plus activities by the banks, performance of banks under Credit Annual Plan, progress under KCC scheme, progress under Joint Liability groups, PM Kisan,self help groups etc.The meeting was informed that the CD ratio for quarter ending 2020 was 38.06% and for quarter ending June,2020 the CD ratio was 36.86%.The banks including JK Bank, JKG Bank and JCC Bank conducted 144 financial literacy camps in the quarter ending March 2020 and 50 in the quarter ending June 2020 where 4700 persons participated.Regarding training of candidates to manage business, it was informed that 350 candidates were provided training by Rural Self Employment Training Institute (RSETI) during the quarters of financial year 2019-20 of which 203 were linked with banks and 150 self financed.While taking review of ground level flow under district credit plan, Rs 1006.83 core was pumped in housing, agriculture, education, micro and small enterprises renewable energy and personal loans till March 31,2020.While taking note of progress under the KCC scheme, it was informed that 59147 cases have been sanctioned and 45105 have been disbursed as of June, 2020.Similarly under PMEGP scheme, 81 cases have been sanctioned and 53 cases have been disbursed as on March 2020. Regarding progress under NULM scheme, it was informed that 83 cases have been sanctioned and 39 disbursed as on March, 2020.
Similarly the progress under other schemes was also reviewed in depth.Speaking at the meeting, the Deputy Commissioner asked the concerned officers to make joint efforts to increase the CD Ratio in the district as it is the most visible parameter displaying the credit rate of banks and focus on the potential areas to ensure improvement in the said ratio. He said that the need of the moment is to develop a close liaison with the general public and ensure the maximum visibility of the activities being carried out by the banks for the welfare of the common masses. He advised the Bankers and NABARD to organize awareness camps in rural areas and utilizes the services of panchayat members so that the benefits of the scheme percolate down to the genuine beneficiaries.He also asked them to ensure the timely scrutinization and sanctioning of cases to save beneficiaries from frequent visits to the bank branches.The Deputy Commissioner also fixed the timeline for sanctioning and rejection of cases. It was also decided in the meeting that the BDC Chairperson and two sarpanchs on rotational basis should attend the BLBC meetings.The DDC said that Rajouri district has a huge potential in Dairy, poultry, fishery, agriculture, horticulture, handloom and other sectors, which can improve the rural economy and the need of the hour is to generate awareness about various types of loan schemes of the banks to encourage the youth to avail the benefits by establishing their own units.The DDM NABARD also discussed the FPO (Farmers production organization scheme) and elaborated all the aspects of the scheme.The meeting was attended by Assistant Commissioner Development, Sushil Khajuria, General Manager DIC; Chief Planning Officer, Shuma-Un Ahmed; Lead District Manager, Sunil Sharma; DDM NABARD, Kannav Sharma; LDO RBI, Rahul Sharma; Zonal Head JK Bank; Area Manager JK Gareen bank; Chief Agriculture Officer; Chief Animal Husbandry Officer; District Sheep Husbandry Officer; Assistant Director Fisheries; Project Officer DUDA and other concerned officers from banks and line departments.Block Development Chairperson Rajouri,Darbar Chowdhary was also present in the meeting.