KL Desk
Srinagar
To review the performance of banks, financial institutions and other line departments in implementation of Annual Credit Plan (ACP) 2012-13 for the quarter ended September 30, 2012, J&K Bank on Wednesday convened a District Level Review Committee meeting of Islamabad at Dak Bungalow Islamabad.
The meeting was chaired by Additional District Development Commissioner (ADDC) Islamabad Nissar Hussain and attended by the heads of all line departments, banks, financial institutions besides MLC Nizamudin Khatana, CPO Islamabad Mohammad Yousuf Tantray and AGM RBI Rakesh Raina.
Lead District Manager (LDM) Mufti Ghulam Mohammad informed the house about progress in the quarter under review.
“35.34% of target was achieved in priority sector advances amounting Rs 133.32 crores against target of Rs.377.28 crores for current financial year. The achievement in agriculture sector was 45.40%,” he said..
Regarding KCC, he said, “out of 33183 sponsored cases Banks have sanctioned and issued 23457 cards to the farmers involving Rs.80.66 crores during the quarter.”
“During the quarter, the deposits have increased by 14.19 % to Rs.2306.00 crores and advances have grown to Rs.1003.43 crores witnessing an increase of 16.45%, he added.
Notably, J&K Bank has retained its 80% market share among all the banks in the District.
Meanwhile, FLCC centre Budgam organized a financial literacy camp at village Shoolipora, which was attended by a good gathering of people. Facilitator FLCC educated participants about the services provided by the financial institutions for improvement of their economic well being despite their limited resources.
Various types of financial products and facilities such as opening of SB Ujala accounts, making nominations in Deposit accounts, Micro credit Card and No-frill accounts for under-privileged were discussed with the participants at the camp.
