J&K Bank Conducts DLRC Meets

KL Report

SRINAGAR

J&K Bank conducted a District Level Review Committee meeting at DC Office Srinagar, which was chaired by District Development Commissioner Srinagar Farooq Ahmad Shah to review the progress achieved at the end of September 2014 under ACP 2014-15, a company statement said on Friday.

LDM Srinagar apprised the forum about progress achieved at the end of second quarter (September 2014) under ACP 2014-15.

“In the quarter under review, District Srinagar has disturbed Rs 884 crores against the target of Rs 1978 crores thus achieved a growth of 45% under priority sector and Rs 342 crores have been disbursed against the target of Rs 2020 crores registering a growth of 17% only. Under various sponsored schemes at the end of September 2014, Rs 41.72 crores have been disbursed among 4309 beneficiaries,” the statement said.

Speaking on the occasion, Chairman DLRC Farooq Ahmad Shah expressed satisfaction over the relief package declared by J&K Bank for rehabilitation and revival of people of the district.

”While approving the District Credit Plan for Rs 4718 Crores with an increase of 18% over the DCP 2014-15, he stressed Banks and Sponsoring agencies to be pro-active in implementation of the sponsored schemes to achieve the proposed targets.”

The Bank also conducted a District Level Review Committee (DLRC) meeting of Ganderbal District at mini secretariat Ganderbal, which was chaired by District Development commissioner (DDC) Ganderbal Sarmad Hafeez.

Lead District Manager Faiz ullah Qureshi briefed the house about the achievements of the banks operating in the district under District Credit Plan 2014-15.

“The banks have disbursed a total amount of Rs 160.98 Crores for establishment of 7025 units at the end of the second quarter for FY 2014-15 registering 38% achievement, out of which Rs 129.69 Crores were disbursed for establishment of 6334 units under priority sector registering achievement of 54% and Rs 31.29 Crores for establishing of 691 units under non- priority sector registering an achievement of 16%. CD ratio of the district stands at 68%,” the statement informed.

“Out of priority sector, Agriculture and allied activities registered 66%, MSE 86%, Education 10%, housing 4% and others 41%.”

He advised the financial institutions to sanction and disburse cases strictly as per guide lines and in close co-ordination with sponsoring agencies. He also advised NABARD/other concerned agencies for timely release of Subsidy/Margin money.

Also, a meeting of the DLIC (District Level implementation Committee) was conducted alongside the DLRC meet.

In the meeting, the discussion on progress of banks in opening of accounts and holding camps/mega camps under PMJDY was discussed, the statement further said.

Meanwhile, the Bank conducted various financial literacy camps at Rafiabad and Wagoora blocks in Baramulla to educate the people about Prime Ministers Jan Dhan Yojna (PMJDY) and other schemes, it said.

“Financial Literacy and Credit Counseling center Baramulla organized the camp in collaboration with the bank’s Dangiwacha business unit at Panchayat Ghar campus in Village Zeithan, which was attended by a large number of people from the village and its adjoining areas.

The participants were informed the about financial planning, budgeting, savings, expenses, advantages of savings with banks, different type of borrowings, concept of Business Correspondents, ultra-small branches and Khidmat centers.

They were also apprised about the features of Kisan Credit Card scheme, Education loan scheme and various income generating loan products of banks.”

“Features of various J&K Bank saving and loan products especially Mini Sheep farm Scheme were highlighted and the people were urged to take benefit of the scheme as there was enough of scope for the said scheme in the area to earn their livelihood and contributing to the overall development of the area. FLCC Baramulla held a similar camp at Wagoora,” the statement added.

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