RAJOURI: In meeting of District Level Review Committee/District Consultative Committee (DLRC/DCC) for third quarter ending December 2017, District Development Commissioner Rajouri Shahid Iqbal Choudhary on Thursday reviewed the performance of various sponsoring departments and financial institutions under Annual Credit Plan 2017-18.
Detailed deliberations were held regarding position of Deposits, Advances, CD Ratio and advances under Credit-linked schemes, an official handout read.
Referring to low Credit-Deposit Ratio/Loan-to-Deposit Ratio in the District, the DDC impressed upon the bankers to achieve targeted 44.70% by March 31, 2018. He also directed them to ensure that the cases sponsored under credit-linked schemes are sanctioned and advances are made in a time bound manner as it will greatly improve the CD ratio of the banks.
“Conduct Financial Literacy Camps in collaboration with line departments on regular basis to educate the rural masses about benefits entailed under schemes initiated by financial institutions and central and state governments,” he asked the bankers.
The meeting also discussed the importance of organising product specific camps like Financial Inclusion, housing loan melas, education loan fairs, MSME seminars etc in dissemination of information to targeted groups, the handout read.
“Advances of Rs 11897 Lakh against a target of Rs 53435 Lakh under Priority Sector reflects dismal performance of banks”, Shahid said adding the banks need to boost lending in Priority Sectors for socio-economic development of all sections of the society.
The meeting also reviewed the performance under credit-linked schemes such as PMEGP, NULM, NRLM, PMWMY, KCC, Joint Liability Groups, DEDS, etc. The DDC directed the concerned officers to “keep a track of all sponsored cases and sanctioned cases and also inspect the units once the loan is disbursed to freeze the misuse of funds”.
He asked the Chief Agriculture Officer to submit details under loanee forms so that KCC cards could be issued to the beneficiaries.
It was also decided that District Task Force Committee shall meet every fortnight to scrutinise and select cases of genuine and interested candidates for further processing. It will discourage the practice of bulk sponsoring which is root cause of huge pendency of cases at bank level. District Development Commissioner also launched Potential Linked Plan, prepared by District Development Manager NABARD Desh Raj, for the financial year 2018-19, the handout added.