J&K Bank conducts Baramulla DLRC meet

  • Srinagar
  • 02 Mar 2023

To review the achievements of Banks under Annual District Credit Plan (ACP 2022-23) for the December quarter, J&K Bank today convened District Level Review Committee (DLRC) meeting that was chaired by District Development Commissioner (DDC) Baramulla Dr Syed Sehrish Asgar (IAS). The meeting was attended by Lead District Manager (LDM) Baramulla Javid Rashid, DDM NABARD Zubair Wasil, district coordinators and representatives of Banks and Line Departments.

After welcoming the participants, LDM Baramulla informed the house that against the District Credit Plan of Rs 4272.52 Cr for financial year 2022-23 the district has achieved 54% of the target by disbursing total credit of Rs 2326.29 Cr in the district.  Banks operating in the district have disbursed Rs 1277.81 Cr under priority sector and Rs 1048.48 Cr under non-priority sector as against the annual targets of Rs 3567.26 Cr and Rs 705.26 Cr respectively to 84579 beneficiaries. 

The Priority Sector Advances of the district on 31st December, 2022 were at Rs 3368.10 Cr, which is 54.72% of the total advances of the district at Rs 6155.22 Cr, he said. 

Stressing upon the need for 100% achievement under District Credit Plan, Chairperson DLRC expressed displeasure over the achievements in  the Key Performance Indicators under Aspirational District/TFIIP targets and exhorted the concerned to work in a mission mode.

She directed the concerned to cover different stakeholders like farming families, NRLM &  SHG members, Social Welfare personnel under Social Security Schemes of PMSBY, PMJJBY and APY.

Besides urging Banks and line departments to conduct awareness programs in different blocks and educational Institutions and source applications under Education Loan Schemes, she advised the participants to educate people about different Government Schemes/initiatives so that they avail benefits of these schemes.

She further directed all the banks and the sponsoring agencies to work with cooperation, coordination and cohesion to achieve the goals and targets of development & progress besides generation of employment for unemployed youth of the districts.