DDC Ganderbal Shyambir chairs DLRC/DCC for the quarter ended March, 2022

Ganderbal : The District Development Commissioner (DDC) Ganderbal, Shyambir today chaired a District Level Review Committee and District Consultative Committee (DLRC/DCC) meeting to review the performance of Banks operating in the District Ganderbal and line Departments for the quarter ended March 2022 under District Credit Plan 2022 at Conference Hall of Mini Secretariat, here.

The fora discussed in detail the progress and achievements made by the banks under priority sector like Agriculture, MSME, GSS and other micro schemes for weaker sections of the society.

Giving detailed summary of the achievements for the quarter ended March 2022 under District Credit Plan, Lead District Manager, Ganderbal Nissar Ahmad Bhat informed the house that the banks in the District have disbursed an amount of Rs 679.48 crores to 27520 beneficiaries against the yearly target of Rs 763.50 crores to 35646 beneficiaries thus achieving 89 % of District Credit Plan, 2021-22.

Further, the meeting was informed that the total deposits of the district have increased from Rs 1718.68 crores as on.31.03.2021 to Rs 1802.07 crores as on 31.03.2022 witnessing a growth of 4.85% on YOY basis while advances have increased from Rs 1295.26 crores as on 31.03.2021 to Rs 1502.05 crores on 31.03.2022 registering a growth of 15.97% on YOY basis. CD Ratio stood 83.35 % as on 31.03.2022 which is 23.35 % above the benchmark i.e. 60 %.

Giving overview of credit disbursement through different schemes, the Lead District Manager informed the house that the credit disbursement of Rs 5.10 crores has been provided to 75 beneficiaries of district Ganderbal under Mumkin Scheme, under PMEGP scheme the banks have sanctioned 129.11 crores to 2432 beneficiaries out of 3326 sponsored cases and Rs 96.02 crores have been disbursed among the beneficiaries so far.

Similarly under Pradhan Mantri Mudra Yojna an amount of Rs 244.79 crores has been disbursed among 11995 beneficiaries. Speaking on the occasion, the DC advised all the banks and sponsoring agencies to work with co-operation, co-ordination and cohesion to achieve targets and goals for the development and progress besides generation of employment for the youth in the District.

He appreciated the performance of the J&K Bank and advised all other banks to put in strenuous efforts and up their respective achievements viz-a-viz targets.The DC also directed all the banks and line departments to conduct awareness programs at Village /Block / Panchayat level to increase awareness among the people about social security schemes, developmental and employment generation programs of the government in the district.

The meeting was attended by Chief Planning Officer Ganderbal, Irfan Ahmad Giri, Lead District Manager Ganderbal Nissar Ahmad Bhat, Incharge Advances Zonal Office Budgam, Mohammad Hanief Bhat, District Development Manager NABARD, Aasif Ahmad Bhat, Director RSETI Ganderbal, Faiz Akmali, District Coordinators of Banks and District Officers of Line Departments.