76th DLRC/ DCC Meeting held at Budgam

Budgam : The District Development Commissioner (DDC) Budgam, Shahbaz Ahmed Mirza who is also Chairman of DLRC/ DCC today, presided over 76th District Level Review Committee/ District Consultative Committee (DLRC/DCC) meeting here.The meeting was convened by the convener DLRC Lead District Manager (LDM) Budgam Farhat Manzoor. The meeting among others was attended by GM DIC Mohd Ashraf; Cluster Head J&K Bank Budgam, Azad Ahmad; Director RSETI Budgam; DDM NABARD besides officers of various line departments and Banks.While welcoming all the Heads of line departments and District Coordinators of Various Banks of the District, LDM presented the highlights of the performance of all the Banks of the district for Quarter ending June 30, 2021.In her deliberation, she said the district recorded a CD ratio of 94.76 percent ending June 2021, which reflects as one of the best ratios in UT of Jammu and Kashmir and resembles an increase by 3 percent compared to last year’s achievements at this time.Regarding other statistics, Farhat revealed that the advances have recorded a positive year on year growth of Rs 525.93 Cr as compared to Rs 2792.23 Cr (as on June 2020) to Rs 3318.16 Cr (as on June 2021).

Simultaneously regarding the deposits, the deposits stand at 3501.62 Cr (ending June 2021) compare to Rs 3049.12 Cr recorded in the previous year (June 2020) thus showing a positive increase of Rs 452.50 Cr, a growth of 18.83 percent, in advances and 13.95 percent in the deposit sector.Despite inconveniences that have arisen due to Covid-19 pandemic and lockdowns, she said they have been continuing their efforts to reach the genuine beneficiaries.During this period a total amount of Rs 327.76 Cr out of which Rs 189.23 Cr was disbursed under priority against the annual target of Rs 1687.01 Cr. Simultaneously Rs 138.53 Cr was disbursed under non priority sector against the annual target of Rs 349.25 Cr. While chairing the meeting, the DDC took strong note of some laxity and leniency demonstrated by some banks and sponsoring agencies/ departments in ensuring time bound disposal of all pending and in hand cases, instructed that line departments shall take on board all concerned banks while accepting and sponsoring the cases for approval.He said there is a lot of scope in enhancing performances further in the interest of common beneficiary. He said credits and lending shall be focused to generate employment opportunities as well as it shall prove a pivotal aspect in increasing farmers’ income.The DDC further said that COVID-19 and other circumstances shall not be made excuses and hurdles in achieving targets. There shall be strict review of performances and any tardy approach by Banks or line departments shall be viewed seriously for which action under rules shall follow, he added.Mirza further instructed that every concerned bank and line department is directed to clear all pendencies of cases by or before 18th of October, ensure strict adherence of instructions.