DDC Kulgam, Dr. Bilal Mohi- Ud- Din Bhat DLRC meet, reviews performance of Banks

Kulgam : The District Development Commissioner (DDC) Kulgam, Dr. Bilal Mohi- Ud- Din Bhat today chaired District Level Review Committee Meeting (DLRC) to review the performance of Banks and Line Deptts for CFY/quarter Q1 ended June 30, 2021 under Annual Credit Plan and Govt Schemes.The Lead District Manager (LDM) Kulgam, Arshad Qadri informed that the deposits of Banks stand at Rs. 1973.49 Cr as on 30.06.2021 witnessing growth of 9.41 percent over June 2020, and Advances stand at Rs.1652.96 Cr as on 30.06.2021 witnessing growth of 17.63 percent over June 2020. The Credit Deposit Ratio stands at 83.76 percent which is quite above the National BenchMark of 60 percent.

Under District Annual Credit Plan (2021-22) of Rs.1398.24 Cr, Banks have disbursed Rs.208.02 Cr to 9618 beneficiaries for CFY upto 30.06.2021 thus achieving 6 percent of ACP target despite Pandemic restrictions. The DDC while reviewing sector wise achievements instructed Banks to improve credit dispensations in Agriculture, MSME, Housing and Education sectors. He directed for proper and timely implementation of Govt Schemes PMEGP, REGP, PM SVNidhi, NRLM and NULM to generate self-employment opportunities in the district.Banks were also directed for speedy disposal of cases. Dr Bilal instructed the line departments to cover all eligible persons under PMSBY, PMJJBY and APY. Meeting was attended by CPO, ACD DDM NABARD, District Officers of line departments and representatives of various Banks.