The District Development Commissioner (DDC) Baramulla, Dr Syed Sehrish Asgar 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 under District Credit Plan 2022-23 for the quarter ended December 2022 at Dak Bungalow, here.
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 December 2022 under District Credit Plan, Lead District Manager, Baramulla Javed Rasheed informed the house that the banks in the district have disbursed an amount of Rs.2326.29 crores to 62379 beneficiaries against the yearly target of Rs. 4272.52 crores to 108729 beneficiaries thus achieving 54% of District Credit Plan, 2022-23.
Further, the meeting was informed that the total deposits of the district have increased from Rs. 6039.37 crores as on.30.09.2022 to Rs. 6208.90 crores as on 31.12.2022 witnessing a growth of 3.12% on YOY basis while advances have increased from Rs. 6055.57 crores as on 30.09.2022 to Rs. 6155.22 crores on 31.12.2022 registering a growth of 2.33% on YOY basis.
Giving overview of credit disbursement through different schemes, the Lead District Manager informed the house that the credit disbursement of Rs. 855 crores has been provided to 39799 beneficiaries of the district under Agriculture, MSME and other activities have been disbursed among the beneficiaries so far.
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 of the development and progress besides generation of employment for the youth in the district.
The DDC directed the LDM J&K Bank to adopt a coordinated approach and improve the performance against the given target and advised all other banks to put in strenuous efforts to scale 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 Joint Director Planning M Yousuf Rather, General Manager District Industries Baramulla Sameer Jan, Chief Agriculture officer, Yadvinder Singh, Chief Animal Husbandry Officer, Dr Balbir Singh, Cluster Head, Shabir Ahmad Bulla, officers from line departments and representatives from banks.