Ang banks make Rs. 1056.16 cr advancement as of March end

Ang banks make Rs. 1056.16 cr advancement as of March end

ANANTNAG: To review the performance of various banks, a District Level Review-cum-Consultative Committee meeting (DLRC) was Saturday held at Dak Bungalow, Khannabal, Anantnag under the chairmanship of ADDC, Anantnag.
While giving details of the achievements made under District Credit Action Plan 2016-17 and attributing low progress to last year’s unrest, Lead District Manager said that against a total credit target of 1302 crore, the banks have made an advancement of Rs. 1056.16 crore upto the end of fourth quarter (i.e. ending March, 2017) which is 84.19% of the total.
“Against a credit target of Rs. 445.68 crore, under Agriculture and allied sectors, the banks have made an advancement of Rs. 488.52 crore,” the LDM said while giving sector-wise detail of the achievements. “Under Micro and Small Enterprises, the banks disbursed Rs. 297.99 crore against a target of Rs. 420.34 crore”, the LMD added.
It was also informed that under other priority sector an advancement of Rs. 269.65 crore has been made against a credit target of Rs.1017 crore.
Under KCC (Kisan Credit Card) scheme, the banks have sanctioned 65354 cases and made an advancement of Rs. 220.18 crore up to March 31, 2017.
“RSETI (Rural Self Employment Training Institutes) conducted 10 training camps and imparted training to 265 candidates, out of which 100 candidates were linked with banks,” the meeting underlined.
The ADDC (Additional District Development Commissioner) stressed upon the bankers and line departmental officers to gear up their efforts for clearing the pendency. “Organize awareness camps in educational institutions for sponsoring of cases under education loan,” the ADDC said while directing the CEO and service area banks.
“Work in synergy so that the poor and down-trodden sections of the society are benefitted,” he said with regard to Joint Liability Groups while directing the departments and banks. He specifically sought the intervention of the bankers in uplifting the rural economy by providing loans to the poor under Joint Liability Groups scheme.
“Various schemes like Start Up Youth Schemes, PMAY, Self-Help Groups schemes need to be augmented and refocused,” he added.
He also called for the organization of financial literacy campaigns so that people become aware about different Centrally sponsored schemes and flagship programmes.

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