Kashmir Indepth
Kashmir

DC Kupwara stresses to speed up disposal of advances in priority sector

KUPWARA, SEPT23 ( KINS): A meeting of District Level Review cum Consultative Committee (DLRCC) of district Kupwara was conducted today under the joint chairmanship of Chairman DDC Kupwara, Irfan Sultan Panditpori and Deputy Commissioner Kupwara, Imam Din.

On the occasion, the Chairman DDC urged upon the bankers to facilitate the poor and unemployed youth of the district to get timely advances under various government sponsored schemes.

Speaking at the occasion, the Deputy Commissioner asked the concerned officers for mass awareness of different welfare schemes among the unemployed youth and poor sections of the district. He stressed upon both officers of line departments and banks to play their vital role in employment generation by reaching out the benefits of Government schemes to the beneficiaries.

The Deputy Commissioner further directed the banks and the sponsoring agencies to work with coordination and cohesion to achieve the goals and targets of development and progress.

Highlighting the overall performance for Ist quarter under Annual District Credit Plan, Lead District Manager (LDM), Kupwara, Shamim Ahmad Haji informed the meeting that under District Credit Plan 2021-22, Kupwara District has recorded an achievement of Rs. 267.43 Crores as on 30-06-2021 which constitutes 17 percent against target of Rs.1582.16 Crores.

He said that the achievements under priority sector advances were to the tune of Rs. 145.41 Crores against the target of Rs.1376.63 for Ist quarter 2021-22 which constitutes 11 percent while as under the non-priority sector, the achievements are to the tune of Rs. 122.02 Crore against target of Rs. 205 Crore which constitutes 59 percent.

He further informed that deposits of the banks in the district were to the tune of Rs. 2927.29 Crore as on 30.06.2021 compared to Rs. 2803 Crore as on 30.06.2020 thereby registering an increase of Rs 124 Crore constituting 5 percent. The advances of the banks stood at Rs. 3172 Crore as on 30.06.2021 against Rs. 2593 Crore as on 30.06.2020 thereby registering an increase of Rs. 579 Crore which works out to 18 percent. The CD ratio of the District as on 31-12-2020 stood at 108, he added.

The LDM also informed that Rs 527.01 crore has been disbursed by the banks amongst 29569 beneficiaries under PM Mudra Yojana Scheme with J&K Bank being the main contributor with 85 percent credit disbursement.

It was also informed in the meeting that the District has already sanctioned 1027 cases under various government sponsored schemes and disbursed 18.62 Crore. Under the new KCC scheme for Animal Husbandry, Sheep & Fisheries, the banks have sanctioned 11115 cases & have disbursed Rs 59.16 Crore to the beneficiaries.

Officers of line departments and representatives from various banks of the district attended the meeting.( KINS)

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