CD ratio rises to 71.28% in Kupwara

SRINAGAR: J&K Bank Tuesday convened District Level Review Committee (DLRC) meeting in north Kashmir’s Kupwara district.
In the press statement issued here, the bank said the meeting was chaired by the Additional District Development Commissioner (ADDC) Farooq Ahmad Rather.
“It was held to review achievements under Annual District Credit Plan 2014-15,” it added.
The Lead District Manager Kupwara apprised the meeting about the achievements during September quarter of the current financial year, it said.
“The banks have achieved 43.40% of the targets laid down under ACP 2014-15 at the end of the quarter under review. The financial institutions have provided credit of Rs 123.67 crore to 6429 income generating units under Priority sector and Rs 111.25 crore to 2622 beneficiaries under Non-Priority sector for development of the area and eradication of poverty and unemployment,” he said, according to the statement.
He stated that the deposits of the district have “increased on YoY basis by 5.13% and advances have grown by 29.67 % and stood at Rs 1307.43 crore and Rs 931.90 crore, respectively.”
“CD Ratio of the district at the end of the quarter stood at 71.28% compared to 57.79% last year,” he added.
A meeting of District Level Implementation Committee for PMJDY was also held under the chairmanship of District Development Commissioner Kupwara Itrat Hussain Rafiqui, the statement said.
“It was reported to the forum that till December 26 the banks have opened 43039 accounts under PMJDY wherein an amount of Rs 6.71crore has been held as deposits,” it said.
“Besides, the banks have issued 2573 RuPay debit cards to the accountholders under the scheme,” it added.
Meanwhile, the bank has conducted various financial literacy camps in central Kashmir’s district Budgam in the last week, the statement said.
Financial Literacy and Credit Counseling Centre of the distract organised a mega awareness camp at Townhall in Khansahib, which was attended by participants from Arigam, Taqya Farooq shah, Raiyer, Kalshipora and Yari Khah, it said.
A similar camp was organized in village Mohani Pora Pakherpora, it said, adding that the centre also conducted literacy programmes for the trainees of Sozni and Crewel Embroidery works in the district.