A meeting of the District Level Review Committee/District Consultative Committee (DLRC/DCC) for Q5 FY 2025-26 was held today under the chairmanship of the Deputy Commissioner Kulgam, Shahzad Alam, here at Mini Secretariat Kulgam to review the performance of banks and sponsoring departments under various Government initiatives and flagship schemes for the financial year 2025-26.
The meeting was attended by Additional Deputy Commissioner Kulgam, Viqar Ahmad Giri; DLO RBI, Vishal Gupta, Lead District Manager (Banks), Iftikhar Ahmad Padder; Director RSETI, Mohd Ayoub, Other District Officers and representatives of banks and financial institutions operating in Kulgam.
At the outset, the Deputy Commissioner, who is also Chairman of the DLRC/DCC, conducted a detailed sector-wise review of banks' performance in implementing various Government schemes. He also assessed achievements under Priority and Non-Priority Sector lending in line with the Annual Credit Plan.
Adressing on the occasion, the DC urged banks and sponsoring agencies to focus on achieving Priority Sector Lending targets and emphasized improving ease of access to banking facilities for consumers.The DC stressed effective implementation of self-employment schemes including Mission YUVA, Holistic Agriculture Development Programme (HADP), PM Surya Ghar Muft Bijli Yojana, and other livelihood-oriented initiatives.
He also emphasized strengthening financial inclusion through proper handholding of beneficiaries to enhance credit outreach.He further directed banks to sensitize their staff to deal with customers compassionately and ensure timely redressal of public grievances. The DC emphasized close coordination between banks and sponsoring agencies for seamless implementation of self-employment schemes, enabling beneficiaries to establish income-generating units effectively.
During the meeting, it was informed that YOY Deposits of the District have increased from Rs 2826.01 Crore to Rs 3149.62 Crore witnessing 11.09% increase, Advances have grown from Rs 2347.24 Crore to Rs 2651.01 Crore witnessing 12.94% growth. Further as far as District Credit Plan is concerned against a target of Rs 2051.94 Crore for FY 2025-26, the achievement as on 31-03-2026 is Rs 2330.93 Crore which is 88% of the fixed target.
Further, The Pre-PLP meeting for FY 2027–28 was convened in DLRC, during which the AGM (District Development Manager), NABARD, Junaid Ahmad Hakim delivered a detailed presentation highlighting the district's credit potential, sectoral trends, and development priorities. Following extensive deliberations among the stakeholders, it was resolved to adopt a credit projection of ₹2,200 crore for FY 2027–28.