ADDC Anantnag chairs DLRC meet

ANANTNAG, MAY 20: To review the performance of various banks, a District Level Review cum Consultative Committee meeting (DLRC) was today held at Dak Bungalow Khannabal Anantnag under the chairmanship of ADDC, Anantnag.

The Lead District Manager, while giving the details of the achievements made under District Credit Action Plan 2016-17, said that against a total credit target of 1302 crore, the banks have made an advancement of Rs. 1056.16 crore upto the end of fourth quarter of (i.e ending March, 2017 which is 84.19% of the total. The low progress is attributed to the unrest in the Valley.  

          While giving the sector-wise detail of the achievements, the LDM said that under Agriculture and allied sectors, against a credit target of Rs. 445.68 crore, the banks have made an advancement of Rs. 488.52 crore. Under Micro and Small Enterprises, the banks disbursed Rs. 297.99 crore against a target of Rs. 420.34 crore.

It was also informed that under other priority sector an advancement of Rs. 269.65 crore has been made against a credit target of Rs.1017 crore.

Under KCC scheme, the banks have sanctioned 65354 cases and made an advancement of Rs. 220.18 crore up to March 31, 2017.

The meeting was further informed that RSETI conducted 10 training camps and imparted training to 265 candidates, out of which 100 candidates were linked with banks.

          The ADDC stressed upon the bankers and line departmental officers to gear up their efforts for clearing the pendency. He directed the CEO and service area banks to organize awareness camps in educational institutions for sponsoring of cases under education loan.

With respect to Joint Liability Groups, the ADDC directed the departments and banks to work in synergy so that the poor and down-trodden sections of the society are benefitted. He specifically sought the intervention of the bankers in uplifting the rural economy by providing loans to the poor under Joint Liability Groups scheme. Besides, he said that various schemes like Start Up Youth Schemes, PMAY, Self-Help Groups schemes need to be augmented and refocused.

He also called for the organization of financial literacy campaigns so that people become aware about different Central sponsored schemes and flagship programmes.

The meeting was also attended by LDO, RBI, Cluster head 1st and 2nd district Anantnag and bank officers from SBI, EDB, PNB, ICICI, Yes bank, Canara Bank and officers from line departments.