J&K Bank convenes DLRC, conduct fin lit camps

0Shares

SRINAGAR – J&K Bank organized District Level Review Committee meeting in Shopian for the quarter ended September, 2012.

District Development Commissioner Shopian Mohammad Javeed Khan presided over the meeting that reviewed the progress for the second quarter of current fiscal year. The meeting was attended by District Level Officers of government departments, representatives from all banks, NABARD and RBI.

Speaking on the occasion Lead District Manager (LDM) Shopian M Saleem Wani briefed the house about the progress for second quarter of the financial year 2012-13.

The total credit outstanding at the end of the quarter in all banks of district stood at Rs. 419.12 Crores out of which 380.81 Crores are in priority sector. The deposits in banks were Rs. 375.32 Crores. The CD Ratio of the district was 112%.

Against the financial target of 161.47 Crores and physical target of 6421 beneficiaries under priority sector, the banks have disbursed Rs. 228.54 Crores to 8909 beneficiaries during the first two quarters of the FY 2012-13, thereby achieving the financial target by 141% and physical target by 138%.

In agricultural sector the banks in the district have disbursed 217.84 crores to 7890 beneficiaries against the annual target of Rs. 107.74 crores to 6421 beneficiaries making the achievement as 202% in financial terms and 123% in physical terms.

With regard to the Annual Credit Plan (ACP) the performance of J&K Bank for the second quarter has been 176% in financial terms.

In Kissan credit cards 70% of the ACP has been achieved in first two quarters only. So far 21365 KCC’s have been disbursed against annual target of 29000 eligible farmers.

The DDC expressed his satisfaction over the performance during the first two quarters. He praised the steps taken by J&K Bank in this regard. However he stressed upon other banks to gear up the steps for achieving 100% progress in implementation of Annual Credit Plan for so Socio-economic upliftment of this hill district.

Meanwhile, the Bank organised a financial literacy camp in Sallar Block at Dachni Pora Anantnag, which was attended by good number of people.

FLCC Facilitator G R Kumar informed the gathering about financial products and various schemes of Bank urging the people to avail benefits of these schemes.

Earlier similar camp was conducted at Nallah Awoorah a remote village near Pahalgam wherein a large number of people participated. 

Be Part of Quality Journalism

Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.

ACT NOW
MONTHLYRs 100
YEARLYRs 1000
LIFETIMERs 10000

CLICK FOR DETAILS


Observer News Service

Leave a Reply

Your email address will not be published.

KO SUPPLEMENTS