DC Kargil chairs DLRC meeting
Reviews performance of banks in priority, non-priority sectors
KARGIL, JULY 03: – Deputy Commissioner and CEO, LAHDC Kargil Baseer-ul-Haq Choudhary today chaired a meeting of the District Level Review Committee/District Consultative Committee (DLRC/DCC) for the quarter ending March 2019.
During the course of the meeting, the Deputy Commissioner reviewed the flow of credit, performance of banks in key areas with regard to deposits and lending, advances under priority and non-priority sectors and government-sponsored schemes under Annual Credit Plan 2018-2019.
District Lead Bank Manager Tsewang Dorjay, representative of the Reserve Bank of India (RBI) Archit Shukla, representatives of different banks and the departmental heads of the line departments including Agriculture, Animal Husbandry, Sheep Husbandry, DIC, KVIB, Social Welfare, Handloom, Handicrafts, Fisheries and other line departments attended the meeting.
The DC took stock of the progress of cases under PMEGP, KVIB, KVIC, DIC, NULM, NRLM, PMAWY, Mudra Loan, DEDS, KCC, Handloom, Handicraft and other sectors with special emphasis on credit linkage of the borrower under these schemes.
Thorough discussions and deliberations were held with regard to the current position of deposits, advances, CD ratio and advances under credit linked schemes.
The Lead District Manager, Kargil informed the meeting that various banks in the district recorded Rs 1367.27 crore in deposits, Rs 621.61 crore in advances, Rs 375.64 crore in Public Sector Advances, Rs 133.84 in Agriculture Advances with the CD ratio of 45.17% up to ending March 2019.
The meeting was further informed that banks operating in the district have extended an aggregate credit of Rs 399.68 crore in favour of 14981 beneficiaries under both priority and non-priority sector up to ending March 2019 against the annual target of Rs 373.81 crores thereby registering achievement of 146%.
The Deputy Commissioner emphasized for proper implementation of government-sponsored schemes to increase the credit-deposit ratio of the financial institutions.
Kashmir Images is an English language daily newspaper published from Srinagar (J&K), India. The newspaper is one of the largest circulated English dailies of Kashmir and its hard copies reach every nook and corner of Kashmir Valley besides Jammu and Ladakh region.
