PULWAMA: The District Development Commissioner (DDC) Pulwama, Baseer Ul Haq Chowdhary today convened District Level Review Committee meeting of District Pulwama at Meeting Hall, DC office complex here today.
During the meeting, detailed discussions were held on CD ratios of the banks, identification of beneficiaries, flow of credit, assistance under Government sponsored schemes, performances of banks under District Credit Plan (DCP), achievements made under the above said Quarter, monitoring initiatives, Credit Plus activities, and many alike.
Giving details about the performance of Banks, District lead bank Manager informed the participants that total credit deployed by all banks operating in the district ending 31.03.2021 stands at Rs. 3505.50 cr, while as total deposits mobilized by the banks in the district as on ending 31.03.2021 has been recorded Rs.3980.48cr
It was given out that under the Agriculture sector, banks have disbursed an amount of Rs. 882.23cr to 38438 beneficiaries against the target of Rs. 1621.58cr to 81319 beneficiaries.
Under Medium Small and Micro Enterprises banks have recorded deployment of Rs. 324.20 cr to 10020 beneficiaries, whereas in education sector Rs 2.64 cr were disbursed in favour of 183 beneficiaries against the annual target of Rs. 13.69 cr to 338 beneficiaries
The DDC impressed upon the bankers to put in added efforts to increase the CD ratio by focusing on potential areas and stressed on better coordination between banks and government departments for bringing improvement in CD ratio. He directed for ensuring balanced lending in all key sectors to promote equitable growth.
Chowdhary emphasized upon the heads of the financial institutions to spread awareness with regard to the welfare schemes sponsored by them among masses so that people can avail benefit for their socio-economic development. He hailed the role of agriculture and horticulture sectors in creating self-reliant and sustainable employment in the district.
The DDC further added that a coordinated effort between the financial institutions and sponsoring agencies may pave a path towards ease of doing business and would further spirit inclusive development. He emphasized on the priority sector lending with a special focus on education, women development and agriculture allied sectors.
He directed concerned officials to organise the financial literacy camps in every block of the district and stressed upon the bankers and concerned officers to adopt a public friendly approach and work in coordination so that good results are achieved at the grass roots level.
The DDC directed the tehsildars to organise special camps for title verification of land so that the KCC loans are sanctioned without impediments.
The meeting was attended by LDM, Cluster Head JK Bank, NABARD, representatives of various banks, District Coordinators, District Heads of various Government Departments and sponsoring agencies.