A joint District Level Review Committee (DLRC), District Consultative Committee (DCC) and District Level Review and Advisory Committee (DLRAC) quarterly meeting was today held under the chairmanship of District Development Commissioner (DDC) Pulwama, Dr. Basharat Qayoom, here. The meeting was attended by representatives from the Reserve Bank of India (RBI), Lead District Manager (J&K Bank), Director RSETI and officers from various line departments as members of various committees.
The Lead District Manager presented a detailed report through a PowerPoint presentation, highlighting CD Ratio of 109.51%, among the best in the region. The Bank-wise performance in terms of deposits and advances was presented, with J&K Bank contributing 81% of the district’s financial activity.
It was given out that the district has recorded positive growth of Rs. 189.25 crores in advances during the Ist half year having risen from Rs. 5178.39 crore as of March 2024 to Rs. 5367.64 Crore as on September 2024. The deposit figures have also recorded a positive growth of Rs. 125.83 crores from Rs. 4775.48 crores as on March 2024 to Rs.4901.31 crores as on September 2024.
During the Ist Half of this FY up-to quarter ending September 2024, Banks have disbursed loans to the tune of Rs. 1903.05 Crore out of which Rs. 1214.05 crores stand disbursed under priority sector lending and Rs. 689.0 crores under non-priority sector lending.
During the Ist Half of this FY up-to quarter ending September 2024, Banks in the District have sanctioned loan cases in favour of unemployed youth under different Govt Sponsored Schemes aimed at promoting self employment and developing a pool of employers in place of job seekers.
The DDC provided several key directives during the meeting, instructing Lead District Manager to analyse bank branch coverage against set parameters and an action plan to cover the uncovered areas.
NPA Management, Banks, especially ED Bank was directed to address Non-Performing Assets (NPA) and take corrective measures. All stakeholders were tasked with achieving sectoral targets in agriculture, MSME and government schemes like Vishwakarma Yojana, PM SVANidhi and Kisan Credit Card (KCC).
The progress in Smart Card distribution under the KCC scheme was stressed upon. A timeline was set to ensure complete coverage. Sectoral officers and Banks were directed to ensure maximum coverage under various insurance schemes with special focus on vulnerable sections. Assistant Labour Commissioner was advised to ensure all registered labour card holders are enrolled under PMJJBY and PMSBY.
Awareness campaigns and beneficiary outreach was emphasized, with stress on distributing awareness pamphlets for better utilization of government schemes. Database improvement and concerns over database inconsistencies were highlighted and corrective actions were advised.
The meeting concluded with an emphasis on strengthening infrastructure, addressing financial gaps and improving service delivery to ensure inclusive growth in Pulwama.