DDC Pulwama chairs DLRC meeting

          PULWAMA, AUGUST 30: The District Development Commissioner (DDC) Pulwama, Mr. Ghulam Mohammad Dar, today chaired a joint meeting of bankers and sponsoring agencies to review the progress achieved under the targeted schemes launched by the banks in collaboration with the line departments.

          The meeting was attended by General Manager DIC Pulwama, LBO RBI, DDM NABARD and District Coordinators of all the banks. Besides Chiefs/District officers, heads of all the line departments of the State Government/sponsoring agencies were also present in the meeting.

          Lead District Manager informed the chair that total credit developed by all the banks operating in the district up to the quarter ending June 2017 of current financial year stands at Rs 1724.04 crore, out of which Rs 1231.47  crores (71.47% of total credit) stands deployed under Priority Sector and Rs 491.58 crore(28.53%) under non priority sector. Credit deposit ratio at the end of June 2017 stands at 73.20%.

          It was revealed that under Agricultural and Horticultural which are very crucial sectors of economy, banks have disbursed an amount of Rs 114.20 crore to 3364 beneficiaries against the target of Rs 645.14 crore to 30502 beneficiaries, resulting in achievement of 17.70% and 11.02% in terms of financial and physical targets respectively. Under export sector, in a recently introduced activity, banks have reported no progress against stipulated annual targets of 10 crore to 10 beneficiaries till 30^th of June this year. While as in education sector, another preferred segment under priority sector during the period ending June 2017 was Rs 0.51 crore in favour of 63 beneficiaries against the target of Rs 9.76 crore to 244 beneficiaries, resulting in achievement of 5.24% and 25.82% in financial and physical terms respectively. The DDC made displeasure over the dismal performance in these two sectors and sought reasons for the low performance.

          It was given out that 33 camps have been organised by different banks to increase the financial literacy programmes. 

          It was also revealed that new J&K bank branches at Washibugh, Panzgam, Awantipora (Main Market), Migrant Colony Hall and Murran have been opened and are functional, and the branches at Wahibugh and Samboora will be made functional within one month. It was recorded that new branches at Sangerwani, Achgoza, Payer and Wasoora will be made functional by the end of December of this year.  Further,  SBI and JK Bank officials also promised to open respective ATM branches in the premises of DC officer by the end of this year.

Showing his displeasure over the slow performance of the line departments and bank authorities in implementing the various subsidised schemes, DDC exhorted upon all stakeholders for working in close coordination so that maximum benefits may be reached to the people. 

          He also stressed the banks to create massive awareness programmes among the general masses especially the educated unemployed youth about the benefits of the schemes launched by the Government so that they should avail the benefits of these schemes.

He said that the banks play an important role in  changing the socio-economic condition of the BPL families, weaker sections by providing financial assistance to them through the implementation of schemes in this connection.