District Development Commissioner (DDC) Ganderbal, Shyambir today chaired a District Level Review Committee and District Consultative Committee (DLRC/DCC) meeting to review the performance of Banks operating in the district and line Departments for the quarter ended June 2022 in the Conference Hall Mini Secretariat, here under District Credit Plan 2022-23.
The meeting discussed in detail the progress and achievements made by the banks under priority sectors like Agriculture, MSME, GSS and other micro schemes to weaker sections of the society.Giving detailed summary of the achievements for the quarter ended June 2022 under District Credit Plan, Lead District Manager, Ganderbal Nissar Ahmad Bhat informed the house that the banks in the district have disbursed an amount of Rs 158.16 crores to 8140 beneficiaries against the yearly target of Rs 839.85 crores to 39148 beneficiaries thus achieving 19 % of District Credit Plan, 2022-23.
Further, the meeting was informed that the total deposits of the district have increased from Rs 1730.24 crores as on.30.06.2021 to Rs 1798.71 crores as on 30.06.2022 witnessing a growth of 3.96% on YOY basis while advances have increased from Rs 1338.59 crores as on 30.06.2021 to Rs 1586.43 crores on 30.06.2022 registering a growth of 18.52% on YOY basis.
CD Ratio stood 88.19% as on 30.6.2022 which is 28.19% above the benchmark i.e. 60%.Giving overview of credit disbursement through different schemes, the Lead District Manager informed the house that the credit disbursement of Rs 5.86 crores has been provided to 87 beneficiaries of the district under Mumkin Scheme, under PMEGP scheme the banks have sanctioned 37.25 crores to 715 beneficiaries out of 1007 sponsored cases and Rs 27.00 crores have been disbursed among the beneficiaries so far.
Similarly, under Pradhan Mantri Mudra Yojna an amount of Rs 78.82 crores has been disbursed among 4194 beneficiaries.Speaking on the occasion, the DDC advised all the banks and sponsoring agencies to work with co-operation, coordination and cohesion to achieve targets and goals for the development and progress besides generation of employment for the youth in the district.
The DDC appreciated the performance of the J&K Bank and advised all other banks to put in strenuous efforts and up their respective achievements viz-a-viz targets.He also directed all the banks and line departments to conduct awareness programs at Village/ Block/ Panchayat level to increase awareness among the people about social security schemes, developmental and employment generation programs of the government in the district.
The meeting was attended by Chief Planning Officer Ganderbal, Irfan Ahmad Giri; Lead District Manager Ganderbal, Nissar Ahmad Bhat; Deputy General Manager & Zonal Head J&K Bank Budgam, Sajad Hussain Malik; District Development Manager NABARD, Junaid Hakeem; Director RSETI Ganderbal, Faiz Akmali; District Coordinators of Banks and District Officers of line departments.