SRINAGAR: A meeting of District Level Review Committee (DLRC) was held here on Tuesday under the chairmanship of District Development Commissioner Srinagar, Syed Abid Rashid Shah to review the progress achieved in the first quarter of 2017-18 under District Credit Plan, an official press note read.
The meeting was attended by AGM RBI, officers from NABARD, DIC, EDI, UDAK, Horticulture, Agriculture, Animal & Sheep Husbandry departments, senior managers of banks and other sponsoring agencies operating in Srinagar.
According to the press note, by June 2017, around Rs 914.46 crore have been distributed against the target of Rs. 5970.73 crore in the district by financial institutions in the district under priority and non-priority sectors.
The DDC Srinagar stressed on enhancement in the overall credit flow of banks in the district which is must for financial impetus and improving income levels and thereby help in raising standard of living of people. Besides, he impressed upon the banks operating in district Srinagar to improve their CD Ratio.
“Srinagar is the place of pride in culture, history and administration but very poor CD ratio reflects the health of banking sector in the district,” he said calling upon officers to work with added vigour and zeal so that “tangible results to take the Srinagar district as a role model for development are achieved”.
He called for creating mass awareness about government sponsored credit schemes in print and electronic media so that more and more people avail their benefits.
“Come forward and help the urban poor of the capital for eradicating poverty, unemployment and reaching out to the poorest of poor,” he advised the representatives of financial institutions and sponsoring agencies.