DDC reviews functioning of Banks in DLRC meeting

The District Development Commissioner Kupwara, Khalid Jahangir, today convened a joint meeting of Bankers and Sponsoring agencies to review the progress achieved under the targeted schemes launched by the banks in collaboration with the line departments for its implementation.

The meeting was conducted by the Lead District Manager to review the key developmental schemes during the last fiscal up to March 2017(4th quarter).

It was given out that a Loan to the tune of Rs 544.06 crore was advanced among the 28766 beneficiaries (Income Generating Units) by the financial institutions functioning in the district which includes 329.24 crore for setting up of 19802 IGU under priority sector while under non-priority sector Rs. 214.82 crore were provided to 8964 IGU holders during the last financial year.

This was stated in a DLRC & DCC meeting to review progress under DACP up to the fourth quarter. The DDC Kupwara presided over the meeting and reviewed the overall performance of banks and relevant departments and the schemes implementing agencies put forth their annual report up to March 2017.

The LDM presented welcome address with the progress achieved under banks and sponsoring agencies under DACP 2016-17. Speaking on the occasion, the DDC exhorted upon all stakeholders for implementing the welfare and developmental schemes in the district. To eradicate poverty, backwardness and unemployment crises from the district, he directed the sponsoring agencies and banks to create awareness among the general masses especially the educated unemployed youth about the benefits of the schemes launched by the Government for improvement.

In this regard, he suggested that quarterly schedules be listed out by all stakeholders with the purpose that people from all nook and corner be acquainted about the developmental schemes. He said that the banks are playing an important role to change the socio-economic condition of the BPL families, weaker sections by providing financial assistance to them through the implementation of schemes in this connection. He also directed the banker’s to conduct financial literacy camps in both rural and urban areas with huge participation so that thousands of aspirants be given awareness about the benefits of the schemes.

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