Rs 547.57 cr distributed under DCP in Budgam during 2017-18

Srinagar, Nov 16: An amount of Rs 547.57 crore was given to beneficiaries by various banks under District Credit Plan (DCP) to develop priority and non-priority sectors during the current fiscal year in central Kashmir district of Budgam.
      Officials here today said that under priority sector, the banks have disbursed Rs 352.44 crore against the target of Rs 582.79 crore.
      They said Rs 195.13 crore has been disbursed against the target of Rs 187.24 crore under non-priority sector in Budgam. 
      They said that total deposits registered by various banks in the district as on September 30, 2017 has reached from Rs 1784.71 crore (September 2016) to Rs 1972.97 crore.
       “Total advances as on September 3, 2017 has reached from Rs 1345.86 crore (September 2016) to Rs 1650.42 crore,” they said.
      Meanwhile, the growth although being up to mark and satisfactory, District Development Commissioner (DDC) Mohammad Haroon, Budgam, advised all the banks and line departments and Block Development Officers (BDOs) to make an extra effort so that targets set are surpassed both in physical and financial terms by the credit coverage of artisans, farmers, traders, skilled and unskilled youth through MSME and other government schemes.
      The DDC Budgam urged the officers from banks and various line departments to focus on new sponsored cases and ensure timely sanction and disbursal of credit. 
      He said that that the main objective of the exercise should be to generate employment and strict action should be taken against any cases of diversion of loans. 
      He also urged the concerned to present an analytical picture of data after reconciliation between various stakeholders so that tangible data of freshly sponsored cases is available and thereby allowing for better monitoring.
      Mr Haroon while chairing the 61st District Level Review Committee on Wednesday, said that it is important to promote sheep and cattle rearing as a source of livelihood so State’s dependency on import of sheep for meat consumption would be reduced.
      Speaking about the brick kilns issue, the DDC said opting for mixed farming instead of brick kilns would prevent further deterioration of environment by reducing pollution and will have a positive impact on tourism as well. 
      The shortfall due to the closure of brick kilns for construction purposes if any can be compensated by importing the same from other States and the displaced population can be encouraged to take up mixed farming, he added.
UNI