J&K Bank Tuesday convened 54th District Level Review Committee (DLRC) meeting of District Budgam at its Lead District Office.

DDC Budgam Mir Altaf Ahmad chaired the meeting that reviewed the progress of financial institutions and sponsoring agencies operating in the district for the period ending September 30, 2015, a company statement said this evening.

Lead District Manager Shahzad Hussain Teli briefed the house that an amount of Rs 258.33 Cr have been disbursed by the banks in the district to 11493 units in priority and non-priority sector during the period under review against the annual target of RS 543.06 Cr thereby registering an achievement of 46.56 pc of the annual target.

Speaking on the occasion, Chairman DLRC Mir Altaf Ahmad directed the banks to improve their performance in the housing, education and DRI sectors.

“The performance of banks and departments is not up to the mark under government sponsored schemes” he said.

He also advised various departments to conduct selection process of candidates through District Level Task Force Committee within the reasonable time.

Under Government Sponsored Schemes (GSS) against the sponsorship of 999 cases, the banks have granted financial assistance of Rs 9.17 Cr to 418 beneficiaries. Under Prime Minister’s MUDRA Yojna (PMMY), 1678 units have been granted financial assistance to the tune of Rs 29.52 Cr under SHISHU, KISHORE and TARUN Category. The other fields like opening of PMJDY Accounts, Social Security Schemes and financial literacy camps were also discussed in the meeting.


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