J&K Bank convenes DLRC meet, conducts fin lit camp

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SRINAGAR – J&K Bank today convened a District Level Review Committee meeting of Anantnag at Dak Bungalow Anantnag to review the performance of banks, financial institutions and other line departments in implementation of Annual Credit Plan (ACP) 2012-13 for the quarter ended September 30, 2012.  

The meeting was chaired by Additional District Development Commissioner (ADDC) Anantnag Nissar Hussain.

The meeting was attended by the heads of all line departments, banks, financial institutions besides MLC Nizamudin Khatana, CPO Anantnag Mohammad Yousuf Tantray and AGM RBI Rakesh Raina.

Lead District Manager (LDM) Mufti Ghulam Mohammad informed the house about progress in the quarter under review.

He said that 35.34% of target was achieved in priority sector advances amounting Rs 133.32 crores against target of Rs.377.28 crores for current financial year.

The achievement in agriculture sector was 45.40%, he added.

Regarding KCC, he said, out of 33183 sponsored cases Banks have sanctioned and issued 23457 cards to the farmers involving Rs.80.66 crores during the quarter.

During the quarter, the deposits have increased by 14.19 % to Rs.2306.00 crores and advances have grown to Rs.1003.43 crores witnessing an increase of 16.45%.

Notably, J&K Bank has retained its 80% market share among all the banks in the District.

Speaking on the occasion, Chairman DLRC Nissar Hussain stressed upon the need for total implementation of ACP and directed all the banks and line departments to gear up to achieve targets before end of current financial year.

He expressed dismay over the progress during the quarter under review.

He advised all participants to educate unemployed youth for establishment of income generating units so that the grave problem of unemployment can be addressed seriously.

He cautioned the banks and departments against creating unnecessary hurdles in implementation of various schemes.

In response to LDM Anantnag and Recovery Officer J&K Bank, ADDC advised district officers of line departments to provide all possible assistance to the banks for speedy recovery of NPA’s in government sponsored schemes.

Meanwhile, FLCC centre Budgam organized a financial literacy camp at village Shoolipora, which was attended by a good gathering of people.    

Facilitator FLCC educated participants about the services provided by the financial institutions for improvement of their economic well being despite their limited resources.

Various types of financial products and facilities such as opening of SB Ujala accounts, , making nominations in Deposit accounts, Micro credit Card and No-frill accounts for under-privileged were discussed with the participants at the camp.

Head B.U Shoolipora Mohammad Muzaffar spoke about various sponsored schemes with special reference to Kissan Credit Card & DRI Scheme and relied to the queries raised by some participants.

He assured them of total financial support in implementing all sponsored schemes meant for eradication of poverty and overall development of the area. 

Those present on the occasion expressed satisfaction over the program and thanked the Bank for such educative camps.

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