The District Development Commissioner (DDC) Kulgam, Dr. Bilal Mohi-Ud-Din Bhat today chaired District Level Review Committee/District Consultative Committee (DLRC/DCC) meeting to review the performance of Banks and line departments for quarter ended December 31, 2022 under Annual credit Plan.
The meeting was attended by JD-Planning, District officers of line departments and District Coordinators of various banks.LDM Kulgam, Parvez Rashid welcomed the members & revealed that the deposits of Banks stand at Rs,2276.37Crores as on 31.12.2022 witnessing growth of 1.57% over December 2021 and Advances stand at Rs.1877.45cr as on 31.12.2022 witnessing growth of 9.46% over December 2021.
He added that the Credit Deposit Ratio reached 82.48% and stood quite above the National BenchMark of 60%.It was also shared that under the District Annual Credit Plan (2022-23) of Rs.1623.13 Cr, Banks have disbursed Rs.859.34 Cr to 35300 beneficiaries during the quarter ended December 31, 2022 thus achieving 53% of ACP target.
DDC while reviewing sector wise achievements instructed Banks to improve credit dispensations in Agriculture, MSME, with more focus given to housing and education sectors.The house was informed by the LDM that the district has achieved the annual targets of PMEGP, JKREGP, Artisans/Weavers Credit Card & PM Weavers Mudra Scheme.The DDC also instructed banks to cover all eligible persons under PMSBY, PMJJBY and APY.