Calls for liberal lending in Agriculture & Allied sectors
A meeting of District Level Review Committee/ District Consultative Committee (DLRC/DCC) was held today here in DC office Samba to review the performance of Banks in terms of Deposits, Advances, CD Ratio and achievements under Annual Credit Plan for the FY 2022-23.
The Meeting also reviewed the progress under various Govt. Sponsored and Social Security Schemes.
The meeting was chaired by District Development Commissioner, Abhishek Sharma, and convened by Lead District Manager (LDM), Sanjay Dhar, Samba. The meeting was also attended by LDO RBI, DDM NABARD, Chief Agriculture officer, District Sheep Husbandry officer, AD Fisheries, District Coordinators of J&K Bank, SBI, PNB, JKGB, representatives of other Banks and officials of other Sponsoring Government Departments/Agencies.
The LDM informed the house that Banks operating in Samba District have recorded Deposits of Rs. 6786.48 Cr. and Advances of Rs. 4054.65 Cr. as on 31.03.2023. The CD ratio of the District was 59.75%. The achievement of Banks in the District under Annual Credit Plan 2022-23 stood at Rs.2110 Cr. against Annual Target of Rs. 2320 Cr. recording growth of 91% as on 31.03.2023 Under Priority Sector the Achievement By Banks Stood at Rs. 985 Cr. Against Annual Target of Rs. 1967 Cr. Recording growth 50% of while under Non-priority Sector the achievement was Rs. 1125 Cr. against Annual Target of Rs. 352 cr. recording a growth of 319%.
The DDC took an extensive review of Government Sponsored Schemes with Special focus on PMEGP, JKREGP, KCC, PMAY, NRLM, NULM etc. He advised all Sponsoring Agencies and Banks to spread awareness among people about various Self employment Schemes launched by the Government and motivate them to avail the benefits of these Schemes for generating self employment opportunities in the District. He directed all the Banks to clear the pending cases Sponsored by different Govt. Departments/ Agencies at the earliest and give a boost to lending, particularly under Agriculture & Allied Activities, MSME, Housing and Education Sectors to achieve a healthy CD ratio. He also directed the Banks to cover all eligible persons under Social Security Schemes viz. PMSBY, PMJJBY & APY.
The meeting ended with a vote of thanks by LDM.
