District Development Commissioner (DDC) Kishtwar Ashok Sharma on Tuesday chaired District Level Review Committee (DLRC) and District Consultative Committee (DCC)
meeting here at Conference Hall, New DC Office Complex Mini Secretariat Kishtwar and reviewed the Annual Credit Plan (ACP) achievement in lending to Priority and Non_ Priority sectors and other individual beneficiary schemes.
Additional District Development Commissioner Kishtwar Sham Lal, GM DIC Kishtwar Khalid Hussain Malik, LDM Kishtwar Nasir Bhat,DPO Kishtwar Sunil Bhutyal,DSWO/DIO Kishtwar Tariq parveaz Qazi,Cluster Head J&K Bank,
the representatives from various Banks, besides concerned district officers attended the meeting.
During the meeting, a threadbare discussion took place on achievements in priority and Non priority sectors vis a vis Annual Credit Plan (ACP) and other individual beneficiary Schemes.
At the outset, while highlighting the overall performance for the 2nd quarter of the Financial year 2021-22 under the ACP, Lead District Manager (LDM) Kishtwar Nasir Bhat informed the house that District has recorded an achievement of Rs 190 Cr which constitutes 54% against the target of Rs 349Cr as on 30th September 21.
The achievement under priority sector advances is Rs 64 Cr while in Non Priority Sector the achievement is 126 Cr. The credit disbursement has moved from 23%to 54%,from the last quarter.
DDC Kishtwar directed the Heads of banks and Line Departments to facilitate the timely credit under various Govt Sponsored Schemes to the applicants particularly the unemployed youth.
He further issued the directions to the Banks as well as Line Departments for mass awareness of different welfare schemes among the unemployed youth and poor & weaker sections of the society about the social security schemes and enroll mass beneficiaries under such schemes by scaling up financial Literacy programmes to achieve financial inclusion.
He further stressed upon all concerned to initiate more focused efforts in employment generation and skill development by propagating the benefits of the various Govt launched schemes to the deserved beneficiaries and those in unorganised sectors to achieve the stipulated targets & goals of Development.
DDC directed the concerned bank representatives and heads of line departments to submit the detailed report to the chair for rejection & pendency of the cases and ensure Nil pendency in ever segment of the credit by the end of this month.
In the meeting the chair was apprised that the CD Ratio is now for the first time above the benchmark of 40% in this quarter besides the instructions have been issued that the sub Committee constituted should actively monitor the CD Ratio and draw monitorable action plan to achieve more than 60% in annual increments.
In the end ,
DDC enjoined upon that the branch level performance should be reviewed by respective banks taking into consideration the potential and credit absorption capacity of the region and initiate necessary action accordingly to reach to 60 to 70% of achievement by the end of 3rd quarter under priority segment and other sub targets.