73rd DLRC/DCC meeting held in Budgam; Potential Linked Credit Plan for Year 2021-2022 from NABARD released

Budgam: The Deputy Commissioner Budgam, Shahbaz Ahmed Mirza, who is also Chairman of DLRC today, presided over 73rd District Level Review Committee/District Consultative Committee (DLRC/DCC) meeting at New Conference Hall Budgam.

The meeting was convened by the convenient DLRC Lead District Manager Budgam Mts. Farhat Manzoor.

The meeting was attended by GM DIC Mr Mohd Ashraf, Chief Planning Officer, Mr Rafiq Ahmad, Cluster Head J&K Bank Budgam Mr Parvaiz Ahmad Mir, Director RSETI, Budgam, Tahira Parveen, DDM NABARD, Junaid Hakeem, Heads of Departments from various line departments and Banks.

While addressing the meeting, DCC, Shahbaz Ahmed Mirza said there shall be no laxity or leniency to identify the cases having potential to generate huge employment opportunities.

On the occasion, DDC instructed that line departments shall take all concerned banks on board while accepting and sponsoring the cases for earlier approval. He added, prior to sponsoring, all departments shall carry out thorough scrutiny and status of the cases as per the required parameters.

DDV reiterated that there is need of proactive approach from all concerned particularly line departments.

While observing the performances of previous quarter, he emphasized that more push is required for lending to the key sectors of agriculture, horticulture, handicrafts, handloom and education. He also stressed that under performing banks shall take effective measures in enhancing the lending capital.

He also directed all concerned to ensure achieving 100% financial inclusion and arrange mega awareness camps on financial literacy.

During the review a book on potential linked credit plan for FY of 2021-2022 from NABARD was released by the chairman DLRC/DCC Budgam.

On the occasion, Lead District Manager, Budgam presented the highlights of the performance of all the Banks of the District for Quarter ending in September 2020. She said that an achievement of 95.61% in CD Ratio was registered for quarter ending september, 2020, which is among the best ratio’s of the J&K.

She also revealed that the deposits of District Stand at Rs 3159.21 Cr to corresponding previous September quarter of Rs 2706.60 Cr , thus recording the growth of 16.59% .

She added that the advances of the district stands at Rs 3028.75 Cr against the advances of Rs 2557.32 Cr of corresponding September quarter of 2019, thus recording the growth of 18.4% in advances.

The LDM further added that an amount of Rs 603.14 CR stand disbursed for quarter two in FY 2020, out of which Rs 375.44 Cr have been disbursed in priority sector and Rs 2227.69 Cr in Non –Priority Sector.