Banks perform poor in Doda, achieve 24% CD ratio

DODA: Presenting dismal picture of the credit dispensation in the district, Doda has achieved only 24 percent credit deposit ration upto March 25, 2014.
According to lead bank manager, IB Sharma, the deposits and advances of all commercial banks as on March 25, 2014 stood at Rs 1093 crores and Rs 257 crore respectively, thus achieving CD Ratio of 24 percent only. DDC, Doda, according to an official statement, has expressed his displeasure over the low CD Ratio and exhorted upon all banks to immediately undertake remedial measures to arrest the fall in CD Ratio.
DDC also expressed his concern about the tardy progress made by banks to achieve the 100 percent financial inclusion. He directed all the banks to adopt multi-pronged holistic approach to make their outreach possible in the farflung villages which are mostly unbanked. They should endeavour to deepen the penetration of Financial Inclusion and expand the converge of financial services of all the sections of society. He further said that the financial Inclusion is a process of ensuring access to financial services in timely and adequate credit where needed by vulnerable groups such as weaker sections, rural women and lower income groups at an affordable cost.
A meeting of District Level Review Committee (DLRC)-cum- District Consultative Committee (DCC) was convened by the State Bank of India, Lead Bank Office, Doda on Wednesday under the chairmanship of Mubarak Singh, District Development Commissioner, Doda to review the performance of banks for the quarter ending December 2013 in respect of Doda District and RSETI in regard to achievement under Annual Credit Plan of 2013-14 .
The meeting had a thread bare review of all Govt. sponsored schemes with the focus on SGSY, PMEGP, SJSRY, JKSES, MSME, SHGs, DIR, KCC, DEDS, HANDICRAFT, HANDLOOM and women beneficiaries. The DDC further called upon all line departments and banks to galvanize their efforts and to give boost to the rural credit dispensation particularly by way of KCC, SHG, DEDS and Farmer`s Club. He further advised the sponsoring agencies to conduct the awareness camps in the villages especially in far flung and remote areas to expand their orbit so that more and more people are educated, motivated and facilitated to initiate self-employment enterprises in their own areas to ensure overall development of the society.
While reviewing the achievements made by the Rural Self Employment Training Centre Doda, Director RSETI informed that out of 345 entrepreneurs trained, 127 entrepreneurs have been settled so far and are earning their livelihood.
The DDC enjoined upon all banks and government departments to make an earnest endeavour to improve their efficiency so that the common man who is centre of activities of all the concern is benefitted under various Govt. sponsored schemes.
The meeting was also attended by ADC Mr. Imam Din, CPO, Yoginder Katoch, RBI-AGM. R. B .Gupta, Director RSETI, Lekh Raj and other senior officers of Banks and Govt. Departments.

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