Priority sector lending scenario reviewed in Budgam
Srinagar, Jun 25: J&K Bank Monday convened a District Level Review Committee/District Consultative Committee (DLRC/DCC) of Budgam, which was chaired by the DDC Dr Sehrish Asgar.
Welcoming all the heads of line departments, Block Development officers, District Coordinators of various Banks of the District; Lead District Manager Budgam Aijaz Ahmad presented the performance of all banks operating in the district besides line departments.
While reviewing the DLRC/DCC Meeting Chairperson Dr. Sehrish Asgar (I.A.S) stressed upon the priority-sector lending particularly agriculture, horticulture, handicrafts, handloom, education etc.
She directed BDOs and line departments to be more proactive in convening the BLBCs so that economic development begins at the block level itself.
Besides, she also emphasized on educating the people of unbanked areas so that they could reap the benefits of so many schemes tailored to their needs.
Chairperson DLRC/DCC District Commissioner appreciated the role of J&K Bank for being proactive and appreciated it for contributing 84 pc of advances in priority sector.
On the occasion, Chairperson DLRC Dr. Sehrish Asgar (I.A.S) unveiled the District Credit Plan of the district for the year 2018-19 along with Lead District Manager, Chief Planning Officer Budgam, Cluster Head J&K Bank Budgam and representative of Reserve Bank of India and NABARD.
Earlier, LDM Budgam, Aijaz Ahmad Bhat while presenting the figures in the meeting said, “A total of Rs 1123.41 Cr have been disbursed during the year 2017-18 as against the target of Rs 770 Cr in advances and a deposit of Rs 2213.77 Cr was recorded as against the Rs 2017 Cr of the year 2016-17.”
“The district has achieved CD Ratio of 82.43 pc which is among the best ratios of the J&K State”, he added.
It is worth to mention that out of Rs 1123.41 Cr of advances Rs 745.95 Cr have been disbursed in priority sector against the target of Rs 582.79 Cr and Rs 377.45 Cr have been disbursed in the non-priority sector against the target of Rs 187.44 Cr thus recording a growth of 127.99 pc and 201.37 pc respectively.
Lead District Manager also informed the house that the banks, Rural Self Employment Training Institute (RSETI) and Financial Literacy Council have conducted 501 awareness camps for the year 2017-18.
LDM Budgam further said, “The banks have not only achieved but surpassed the targets, yet we are not complacent about the same. The line departments need to be more proactive and have to understand the importance of BLBCs. We need to cooperate in making the BLBCs a success for the overall economic development of the district.”