DLRC meeting held at Budgam

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BUDGAM, MAY 28: The Lead Bank Office, Budgam convened its 52ndDCC/DLRC meeting under the chairmanship of District Development Commissioner Budgam.

Speaking on the occasion, the District Development Commissioner stressed upon the concerned departments and financial institutions to work for overall development of the district with more dedication and sincerity, so that the new targets for financial year 2015-16 are not only achieved but surpassed. In this regard, he advised Lead District Manager to monitor and follow up the work on monthly basis in respect of departments and Banks under Government sponsored schemes for eradication of unemployment of educated youth, hassle free lending facilities for generating new income units.

The Chairman also advised all the Block Development Officers, Banks and Line Departments to conduct awareness camps in their respective blocks and educate the public about the newly launched social security schemes viz., Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY) for enrolment of account holders and about other activities.

The meeting was also attended by Additional Deputy Commissioner, Chief Planning Officer, representatives of RBI, NABARD, J&K Bank, All heads of line departments, Bank Co-ordinators, Block Development Officers and other distinguished guests.

The Lead Bank Manager briefed the meeting about the achievements in various fields and centre and state sponsored schemes from April 01, 2014 to March 31, 2015, besides holding various awareness camps for enrolment of account holders under Social Security Schemes viz. PMJJBY, PMSBY, APY for insurance cover pension benefits.

The meeting was also informed that the Banks in the district have disbursed Rs. 440.08 crores under priority sector thus achieved 135.82 percent growth. Under non priority sector banks operative in the district have disbursed Rs.185.66 crores  upto March 31, 2015 against the set target of Rs. 122.23 crores  and registered a growth of 151.89 percent credit deposit ratio has also been increased from 67.14 to 76.34 percent against the bench mark 60 percent.

The Lead District Manager informed the meeting that the Banks in the district have sanctioned 3562 cases of beneficiaries under various government schemes for an amount of Rs. 38.48 crores for establishment of new income generating units thereby achieved a growth of 69 percent of the total sponsored cases of 5133.

The annual action plan (DCP) 2015-16 has been approved for Rs. 543.06 crores for establishment of 34,797 new units.

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