DLRC meet Srinagar: DDC urges banks to improve their credit dispensation

SRINAGAR: A meeting of District Consultative Committee and District Level Review Committee (DCC and DLRC) was convened on Wednesday in DC Office Srinagar under the Chairmanship of District Development Commissioner Srinagar Dr. Farooq Ahmad Lone to review the progress achieved at the end of December 2014 under ACP 2014-15.
The meeting was also attended by representatives of RBI, NABARD, Banks and sponsoring agencies operating in district Srinagar.
It was given out that upto December 2014 Rs.1294 crores were disbursed against the target of Rs.1978 crores among the beneficiaries achieving a growth of 65% under priority sector and Rs.2393 crores has been disbursed against the target of Rs.2020 crores registering a growth of 118%. While Rs. 52.88 crores have been disbursed among 5429 beneficiaries under various special Central/State Govt. sponsored schemes at the end of December 2014.
District Development Commissioner Srinagar Dr. Farooq Ahmad Lone said that Banks and financial institutions need to perform for the economic development of the State. While taking the review of CD Ratio of Banks operating in district Srinagar, he impressed upon all banks to push further to improve their credit dispensation to achieve CD Ratio to a desired level.
He expressed concern over low sponsorship of cases during the CFY and urged the sponsoring agencies for timely sponsorship of cases under various schemes. He also asked Banks to ensure early disposal of cases owing to less time left in the CFY. He also emphasized Banks to achieve 100% progress under KCC scheme.
Lone also said that Prime Minister Jan Dhan Yojana (PMJDY) which was launched by PM has been taken in a mission mode by Government of India and for ground level success a lot of financial education is required to be disseminated and banks have to play a pivotal role in this regard. He urged for 100% coverage under the programme

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