J&K Bank Pulwama convened District Level Review Committee (DLRC) meeting to review the achievement for the March quarter under the District Credit Plan 2011-12.
ADC Pulwama chaired the meet that was attended by the representative from NABARD and RBI besides all the concerned departments.
Lead Dist Manager G.R. Kumar presented the data for the quarter ending March 2011-12 and informed the house that with regard to the annual credit plan, J&K Bank has achieved 258% of target in financial terms and 192% in physical terms.
He said, "The total credit outstanding of all the banks as on 31.03.2012 was Rs 661 Crores out of which Rs 609 Crores were in Priority Sector. The total deposits in the district were Rs. 1249 Cr and the CD Ratio was 53%." Against the financial target of Rs. 132.52 Crores and physical targets of 7762 beneficiaries under priority sector, the banks disbursed Rs. 256.74 Crores to 13344 beneficiaries up to March quarter of FY 2011-12, achieving thereby the financial targets by 194% and physical targets by 172%."
In Agriculture sector the banks disbursed Rs. 48.20 Crores to 5469 beneficiaries against the annual targets of Rs. 49.36 Crores to 4156 beneficiaries. The achievement is 98% in financial terms and 132 % in physical terms."
The credit disbursed to Education sector during the period under review was Rs 2.92 Crores to 226 beneficiaries against the target of 7.95 Crores to 200 beneficiaries. The achievement is 37% and 113% in financial and physical terms respectively, he added.
The Annual Action Plan for the District for the financial Year 2012-13 was approved to the tune of Rs 385 crores.