DDC Shopian stresses on enhancing overall credit flow of banks

DDC Shopian stresses on enhancing overall credit flow of banks
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SHOPIAN: District Development Commissioner Shopian, Owais Ahmed on Thursday exhorted upon the banks to conduct massive awareness camps about various banking schemes in collaboration with concerned departments to increase the credit flow in various sectors. He stressed upon greater coordination between banks and various line departments.
The DDC stressed on enhancement in overall credit flow of banks in the district which is important for financial impetus and improving income levels and thereby raising the standard of living of people.
He called for focused attention on dairying and sheep husbandry sector for creation of income generating units in far-flung areas.
He was speaking at the District Level Review Committee (DLRC) meeting to review the performance of banks and line departments under ACP during the 1st quarter of the financial year 2018-19 here on Thursday.
The meeting discussed in detail progress and achievements made by the banks in the implementation of various government-sponsored schemes like Kisan Credit Card, NRLM, Housing for All, Handloom, Weavers MUDRA, SHGs, JLGs, Artisan Credit Card, and Stand Up India. Besides the sponsored schemes, loans provided by banks under direct lending mode were also discussed, an official handout read.
Giving the details about the performance of banks, it was revealed that total deposits up to 30-06-2018 reached to Rs 838.52 crore, total advances to Rs 1071.44 crore, while as CD ratio stands at 127.78 percent.
DDC instructed the officials to spread awareness of schemes including loans for SCs/STs, women’s, mapping of schools with banks, Prime Minister Jan Dhan Yojna, installation of POS and opening of new accounts among the masses by beating of drums across the district.
He also advised the representatives of financial institutions and sponsoring agencies to come forward and to help the urban poor of the capital for eradicating poverty, unemployment and reaching out to the poorest of poor, read the handout further.
The DDC instructed all bank authorities to ensure awareness with regard to financial literacy camps particularly in the rural and semi-urban belts of the district to educate and aware masses about various banking products and Government sponsored schemes.
The line departments were asked to sponsor self-employment local cases at an earliest so that these beneficiaries get the assistance, the handout added.

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