Srinagar- To review the performance of banks and line departments under District Credit Plan – 2022-23 for March quarter, J&K Bank today conducted a District Level Review Committee (DLRC) meeting at DC Office Anantnag.
District Development Commissioner (DDC) Anantnag, Syeed Fakhrudin Hamid chaired the meeting that was attended by ADDC, CPO, LDO RBI, DDM NABARD, district coordinators of banks & line departments.
Welcoming the members, LDM Anantnag Shariq Mehraj informed the house that against total credit plan of Rs 3979 Cr, loans of Rs 2605.85 Cr were available to 92023 beneficiaries by various banks in FY 2022-23.
He further said that the total deposits and advances of district were recorded at Rs 7296 Cr & Rs 5566.50 Cr showing a YoY increase of Rs 545.99 Cr and Rs 713.90 Cr respectively. The CD Ratio of district has increased from 71.89% to 76.29 % during the said period.
Highlighting the importance of Priority Sector Lending for inclusive growth of the District, Chairman DLRC impressed upon the need for achievement of targets under DCP. He directed the participants to work in coordination for identifying genuine prospects to be facilitated by banks so as to give the necessary flip to the economy of the district. Concerned departments were directed to have impact analysis of various schemes and government initiatives as part of review.
Taking note of dismal performance under Education Loans, the banks were advised to impart financial literacy among target segments i.e. schools and colleges especially in rural areas.
Regarding saturation of social security schemes, Chairman DLRC advised the CFL centres to target block level events like Block divas for maximum outreach. While urging the banks to clear their pendency, he directed the banks and sponsoring agencies to join hands so that the unemployed youth are guided properly and provided full support in getting their livelihood.
J&K Bank Conducts DLRC Meet In Bandipora, Commissions 2 Cash Recycler Machines
To review the performance of banks and government departments under various schemes, J&K Bank conducted the District Level Review Committee (DLRC) meeting of District Bandipora for quarter ending March 2023 at DC Office Bandipora.
District Development Commissioner (DDC) Bandipora Dr Owais Ahmad (IAS) chaired the meeting attended by Lead District Manager (LDM) Bandipora Shabir Ahmad Dar, Chairman DDC Abdul Gani, Joint director Planning Imtiyaz Ahmad, DDM, NABARD Zubair Ahmad and district coordinators of all the banks, government departments and other development agencies.
Speaking on the occasion, Lead District Manager (Bandipora) informed the house that the Banks operating in the district have disbursed an amount of Rs 642.90 Cr as credit against the target of Rs 1023.30 Cr thereby achieving 63% under the annual credit plan 2022-23 for quarter ending March 2023.
The banks have disbursed Rs 326.95 Cr in priority sector against the annual target of Rs 895 Cr thereby achieving 36% of the target besides Rs 315.96 Cr in non-priority sector against the annual target of Rs 128 Cr achieving 246% of the target.
Pertinently, J&K Bank alone has disbursed Rs 239 Cr under priority sector and Rs 220.85 Cr under non-priority sector aggregating to total credit of Rs 459.86 Cr thereby contributing 89% towards total credit dispensation in the district.
During the review, Chairman DLRC directed the line departments to sponsor quality cases and the Banks for speedy disposal of cases. Regarding performance of banks under Mission Utkarsh, he stressed upon the need for covering more and more people under social security schemes with joint coordination of all concerned agencies. He also urged the banks to improve the credit flow in agriculture along with its allied sectors under HADP plan.
Meanwhile, going ahead with its ease-of-banking mission through digital and alternate channels, J&K Bank dedicated two Cash Recycler Machines (CRM) in Bandipora Town.
Deputy Commissioner (Bandipora) Dr Owais Ahmed (IAS) inaugurated the CRM at Branch TP Bandipora in presence of Bank’s Zonal Head (Baramulla) Imtiyaz Ahmed Bhat, LDM Bandipora Shabir Ahmad Dar amid gathering of valuable customers, local residents and other Bank officials.
While lauding the contribution of J&K bank in rendering the world class banking facilities to the people, Dr Owais Ahmed advised the people to avail the Bank’s state-of-the-art banking services. He also urged the people to avail social security schemes like PMJJBY, PMSBY & APY that, he said, have been designed to provide financial security to the economically weaker sections of the society.
Further, Zonal Head (Baramulla) Imtiyaz Ahmed Bhat inaugurated Another CRM at Auto Stand Bandipora in presence of LDM Bandipora amid gathering of valuable customers, local residents and other Bank officials.
Reaffirming the bank’s commitment to improve customer service further at branches by promoting its digital and alternate channels of banking, Zonal Head said, “The installation of CRM will help in reducing footfall at the adjacent branches because the cash recycler machine not only dispenses cash but provides facility for depositing money also.”
Participants on the occasions expressed their gratitude towards the Bank management for extending convenient banking facilities to the people.