The District Development Commissioner (DDC) Pulwama, Baseer-Ul-Haq Choudhary today convened a District Level Review Committee (DLRC) meeting, here.
During the meeting, detailed discussions were held on CD ratios of the banks, identification of beneficiaries, flow of credit, assistance under Government sponsored schemes, performances of banks under District Credit Plan (DCP), achievements made under the above said Quarter, monitoring initiatives and Credit Plus activities.
It was given out that under Agriculture, Education and Housing sectors, banks have disbursed an amount of Rs 836.69 crore, 3.38 crores and 27 crores respectively. Whereas in Medium Small and Micro Enterprises, 184 crores were disbursed against the annual target of 239 crores.
An amount of 417 crores of loan has been sanctioned to weaker sections. Regarding the Year-wise achievements of targets under priority & non-priority sectors, an amount of 1477 crores have been disbursed by Q2 (FY 2022-23).
The DDC impressed upon the bankers to put in added efforts to increase the CD ratio by focusing on potential areas and stressed on better coordination between banks and government departments for bringing improvement in CD ratio.
He directed for ensuring balanced lending in all key sectors to promote equitable growth and also emphasized upon the heads of the financial institutions to spread awareness with regard to the welfare schemes sponsored by them among masses so that people can avail benefit for their socio-economic development.
The DDC hailed the role of agriculture and horticulture sectors in creating self-reliant and sustainable employment in the district. He emphasized on the priority sector lending with special focus on education, women development and agriculture allied sectors.
He directed concerned officials to organise the financial literacy camps in every block of the district and stressed upon the bankers and concerned officers to adopt a public friendly approach and work in coordination so that good results are achieved at the grass roots level.
On the occasion, DDC released a book “Potential Linked Credit Plan 2023-24” by NABARD. Officers of NABARD informed that PLP projection for the year 2023-24 is assessed at 241096.76 lakh.
Sector wise coverage of credit potential is 158188.76 lakh for Total Agriculture (Farm credit, Agriculture infrastructure and Ancillary activities), 65625.00 lakh for MSME including medium enterprises), I500.00 lakh for Export Credit, 3382.50 lakh for Education, 7938.00 lakh for Housing, 3375.00 lakh for Social Infrastructure and 1087.50 lakh for Renewable Energy.
The DDC praised the credit planning exercise of NABARD for preparing Potential Linked Credit Plans (PLPs) for the District. The meeting was attended by ADDC Pulwama, Dr Sheikh Abdul Aziz; GM DIC, ACR Pulwama, CPO Pulwama, Lead District Manager, Cluster Head JK Bank, NABARD, representatives of various banks, District Coordinators, other Heads of various Government Departments and sponsoring agencies.