DDC Shopian releases Rs: 862 Crore under NABARD Potential Credit Plan
Shopian March 03: District Development Commissioner (DDC) Shopian, Mohammad Aijaz, today chaired the District Level Review Committee (DLRC) meeting to review the progress made by banks and line departments for the third quarter against the targets of district credit plan 2017-18.
The meeting, which was convened by Lead Bank Shopian, was attended by the District Officers of the concerned departments, RBI, DDM NABARD, District Coordinators of various Banks, representatives NGOs and other concerned.
The meeting discussed in detail progress and achievements made by the banks in the implementation of various government-sponsored schemes like Kisan Credit Card, NULM, Housing for all, handloom weavers, MUDRA, SHGs, JLGs, Artisan Credit Card, and Stand Up India. Besides, the sponsored schemes, loans provided by banks under direct lending mode, was also discussed.
Giving the details about the performance of Banks, the meeting was told that total deposits up to 3rd quarter reached to Rs 1055.12 crore, total advances to Rs 909.04 crore, while as CD ratio stands at 116 percent.
It was said that under priority sector, the banks have disbursed Rs 441 crore against the target of Rs 774 crore and under non-priority the sector has disbursed Rs 59 crore against a target of Rs 70 crore.
Speaking on the occasion, the DDC exhorted upon the banks to conduct massive awareness camps about the various banking schemes in collaboration with departments to increase the credit flow in various sectors. He advised the banks to provide hassle-free sanction and disbursement of loans under sponsored as well as direct lending mode.
He stressed upon on greater coordination between banks, various line departments and RSETI. He called for focused attention on dairying and sheep husbandry sector for creation of income generating units in far-flung areas.
On the occasion, the DDC also released the Potential Linked Plan (PLP) prepared by NABARD for the year 2018-19. It is pertinent to mention that PLP projection of the district for the year 2018-19 was assessed at Rs 862 crore. While as agriculture was estimated at Rs 717 crore, an amount of Rs 95 crore for MSME, 2.4 Cr for Export credit, 9.8 crore for Education, Rs 20.8 crore for Housing, and Rs 5.8 crore for social infrastructure, 2.5 crore for renewable energy and 7.9 crore for others.
Later DDC releases Rs: 862 Crore under NABARD Potential Credit Plan for the year 2018-19.
