SRINAGAR: Deputy Commissioner (DC) Srinagar, Mohammed Aijaz Asad Tuesday chaired a meeting of District Level Bankers Review Committee/District Consultative Committee (DLRC/DCC) here at Meeting Hall of the DC Office Complex to review the performance of the Banks and other Financial Institutions under various Government initiatives and sponsored schemes for quarter ending March, 2023.
At the outset, the Deputy Commissioner took a sector wise performance of the Banks in implementation of different Government schemes and reviewed the achievements of Banks in lending to Priority/Non Priority sectors under Annual Credit Plan.
While reviewing the Bank-wise movement of CD Ratio in the District, the DC was informed that total deposits of the District Srinagar stood at Rs 34367.25 crore and Advance at Rs 24005.15 crore constitute 71 percent CD Ratio in the quarter ended in March, 2023.
Besides, the Banks operating in Srinagar have provided a total credit of Rs. 5205.10 Crore in favour of 99327 beneficiaries under under both Priority as well as Non-Priority Sector during Quarter ended March 2023 for financial year 2022-2023.
The DC was apprised that an amount of Rs 2315.96 Crore has been disbursed among 53044 beneficiaries in Srinagar District under different schemes thereby generating self-employment opportunities for over 138420 unemployed youth of the District during financial year 2022-23.
The DC was further informed that the target of generating 1.40 lakh Self-Employment avenues for youth of Srinagar District was set to be achieved during financial year 2022-2023 which is 3 times more than the 43000 accomplished during FY 2021-22.
The DC was further apprised that under Prime Ministers Mudra Yojna (PMMY) Scheme Banks operating in Srinagar have sanctioned Rs 593.46 Crore among 18388 beneficiaries of the District during Financial year 2023-23. Under the Pradhan Mantri Employment Generation programme (PMEGP), a total 2086 cases were sanctioned and an amount of Rs 114.11 Crore was sanctioned among the beneficiaries.
Under Mission Youth schemes, for providing self-employment, the DC was informed that under the MUMKIN scheme, a total 109 cases have been sanctioned so far involving an amount of Rs 6.91 Crore. Similarly, under TEJASWINI scheme 95 cases have been sanctioned in the District with disbursement of Rs 3.49 Crore.
Similarly, under Pradhan Mantri SVANIDHI schemes, the DC was informed that Rs 8.72 crore have been disbursed among 6685 Street Vendors in the District.
During the meeting, the performance of RSETI, FLCCs, CFLs were also reviewed, besides enrolment under different Social Security Schemes including Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY) / Pradhan Mantri Suraksha Bima Yojana(PMSBY) and Atal pension Yojna(APY).
The DC was informed that as many as 22761 enrolments were made since March 1, 2023 after Ministry of Finance, Department of Financial Services, Government of India launched a 3-month campaign across the country to saturate all the eligible beneficiaries under Jansuraksha Schemes.
Speaking on the occasion, the DC stressed on all the line Departments and Banks operating in the District to further improve the credit facilities and educate the people about financial literacy through IEC activities besides about different banking products and government sponsored schemes particularly in rural and urban belts of Srinagar so that they can avail the benefits of such schemes by setting up income generating units.
The DC further stressed on launching a mega drive for registration of Micro, Small and Medium Enterprises (MSMEs) with Udyam Portal to receive the benefits of the Government schemes, besides to enhance lending under priority sector.
The DC also asked the officers to hold an awareness workshop in order to sensitize the MSMEs about Udyam Portal and fill the gap between MSMEs and Banks.
The DC also asked the Banks to implement the ‘100 Days 100 Pays’ campaign launched by the Reserve Bank of India (RBI) to return unclaimed deposits by identifying genuine beneficiaries. It is to be noted that the balances in savings/current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from date of maturity are classified as “unclaimed deposits”.
The DC also asked the banks and all line Departments to encourage novice entrepreneurs under economic activities to inspire them for setting up viable income generating units in the district. He called upon officers to work in unison with added vigour and zeal and set realistic targets so that desired results are achieved within the set timeline.
The DC emphasised on improvement of other schemes and flagship programmes of the Government and focused attention towards targets set for financial year 2023-24.
The meeting was among others attended by Chief Planning Officer, Mohammad Yaseen Lone, GM DIC, Hamida Akhtar, Lead District Manager, Abdul Majid, District officers, Cluster Heads of J&K Bank, representatives of Banks and financial institutions operating in Srinagar and LDO RBI.

KR Desk