DLRC meeting held at Kargil

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SRINAGAR: Deputy Commissioner/CEO, LAHDC, Kargil, Friday chaired a meeting of the District Consultative Committee/District level review Committee to discuss achievements and progress under Annual Credit Plan and various Government Sponsored Schemes. 

Lead District Manager who convened the meeting informed that the total deposits of all banks in the district stood at Rs 847.24 crore and total advances stood at Rs. 270.97 crore as on 30th June, 2015, indicating a growth of 13.16% in deposits and 32% in advances over the quarter ending June, 2014. 

The priority sector of advances stood at Rs. 40.53 crore and agriculture advances at Rs.11.98 crore. The CD Ratio remained at 31.98% as on 30the June 2015.

Under District Credit Plan 2015-16, banks have disbursed loans amounting to Rs. 15.56 crore under priority sector and Rs. 15.28 crore under Non Priority Sector. The total disbursement up to 30th June 2015 is Rs. 30.84 crore which is 18.63% of the ACP   target. Under Government Sponsored Schemes the achievements are less due to non availability of targets to the banks from the sponsoring agencies.

The Chairman while expressing satisfaction on the overall development of banks in the district showed displeasure over pendency in Kissan Credit Card (KCC) Scheme with some banks.

He called upon the banks as well as functionaries of the concerned line departments to focus on extending credit to agriculture sector because these sectors play a pivotal role in addressing unemployment and poverty in rural masses.

Representative from DRDA, Animal Husbandry Department, District Industries Centre, Social Welfare Department, Handicrafts, KVIB, Cooperatives, banks and other sponsoring agencies were among others who attended the meeting.

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