Progress of annual credit plan for Shopian reviewed



J&K Bank conducts DLRC meet

Srinagar, Sep 21: To review the performance of banks and other concerned departments under Annual Credit Plan (ACP) for the first quarter of the current financial year, J&K Bank conducted the District Level Review Committee (DLRC) cum District Consultative Committee (DCC) meeting of District Shopian.

Deputy Commissioner Shopian Choudhary Mohammad Yasin chaired the meeting that was attended by DDM NABARD, District level officers of various Government Departments, and banks.

During the meeting, Lead District Manager (LDM) Ghulam Rasool Dar apprised the house that all banks operating in the district disbursed Rs 185.25 crore under District Credit Plan 2020-21; out of which Rs 162.49 crore were disbursed under priority sector to 5275 beneficiaries and Rs 22.76 crore to 1286 beneficiaries under nonpriority sector.

While reviewing the progress and achievements made by the banks in the implementation of various government-sponsored schemes, Chairman DLRC Choudhary Mohammad Yasin) stressed upon the need to implement all the schemes rolled out by the Government of India under Atmanirbhar Bharat Abhiyaan in letter and spirit by all stakeholders with close coordination.

He appreciated the role of the banks which they played during the challenging times due to the Covid19 pandemic.

Priority sector advances of the district, which comprises 82 pc of the total credit exposure, were at Rs 1133.15 Cr as on 30th June 2020 as compared to Rs 1017.12 Cr recorded last year witnessing the growth of 11.40% on YoY basis.

The deposits of the district stood at Rs 1182.95 Cr as on 30th June 2020 as compared to 1028.98 Cr recorded last year showing a growth of 14.96% YoY basis, while as the advances were at Rs 1365.25 Cr at the end of the quarter under review against Rs 1240.39 crore as during the corresponding quarter of last year showing a growth of 10.06% on YoY basis.

The CD Ratio of the district was 115% as on 30th June 2020.

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