DC chairs DLRC meeting stresses on improving CD ratio

POONCH, OCTOBER 04: District Development Commissioner, Tariq Ahmad Zargar, today chaired a meeting of District Level Review Committee /District Consultative Committee (DLRC/DCC)  to review the performance of banks in respect of achievements under Annual Credit Plan 2017-18 besides taking stock of position of Deposits, Advances and CD Ratio for  the quarter ending  June 2017

District Development Commissioner while expressing his displeasure over low CD ratio impressed upon the bankers to put in efforts to increase the CD ratio by focusing on potential areas and forming a Committee of the members from banks and government departments for bringing improvement in CD ratio the meeting decided to review the progress of CD ratio besides others issues on monthly basis.

DDC also stressed on the need of holding Financial Literacy camps in collaboration with Banks and government departments on regular basis and these camps may also be utilized by the banks for creating awareness among the people about the Financial literacy, PMEGP, Housing for all,Pradhan Mantri fasal beima Yojna , Pradhan Mantri Mudra Yojna & 100% coverage under KCCs etc.

Earlier Lead District Manager, A.K.Gupta informed the meeting that deposits of the district were Rs 2177.5 crore and advances Rs. 497.92 crore, and the CD ratio of the district was 22.86 percent.

DDC asked the bankers to draft an inclusive strategy to support and motivate the new entrepreneurs and guide them towards a financial viable business opportunities. Efforts need to be made to boost the small scale industries in the district, he added. He further advised that Banks and Government department to work in a close coordination and achieve desirable targets.

The DDC asked the concerned agencies to conduct awareness camps in coordination with banks, so that more and more people are educated, motivated and facilitated to undertake self employment activities. Among others who attended the meeting were ADDC Abdul Hamied Sheikh, bankers from RBI, District Coordinators of JK Bank, and representatives from all other Banks and concerned   departments.