A meeting of District Level Review Committee (DLRC) was held here today 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.
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.
The meeting was informed that 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.
He said that the 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 called 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.
The DDC called for creating mass awareness about Government sponsored credit schemes in print and electronic media so that more and more people avail their benefits.
He also advised the representatives of financial institutions and sponsoring agencies to come forward and help the urban poor of the capital for eradicating poverty, unemployment and reaching out to the poorest of poor.
The DDC emphasized that all banks operating in the district should organize financial literacy camps particularly in the rural and semi urban belts of Srinagar to educate and aware masses about various banking products and Government sponsored schemes.