J&K Bank conducts DLRC meeting

Excelsior Correspondent

SRINAGAR, Aug 28: To review performance of the banks operating in the district for the first quarter ending June for Financial Year 2020-21, J&K Bank conducted a District Level Review Committee (DLRC) meeting of Anantnag district that was chaired by the District Development Commissioner (DDC) Kuldeep Krishan Sidha.
The meeting, organised by Lead Bank Office of the district, was attended by Lead District Manager (LDM) Mohammad Afaq, LDO Reserve Bank of India, Cluster Head Anantnag, DDM NABARD, and AVP Zonal Office Anantnag besides representatives from all banks in the district and district officers of the line departments.
DDC Anantnag, who is also chairman of DLRC, stressed upon all banks to focus on agriculture and allied activities to involve unemployed youth in income-generating activities related to dairy, sheep farming and fish farming. Emphasizing upon the need to establish Agri-processing units, he assured all help from the district administration in this regard.
The chairman DLRC appreciated the role of banks during the recent Kisan Pakhwada, wherein 54457 cases were sanctioned in the district taking total tally of KCC beneficiaries to 105344.
Speaking of the credit dispensations under various schemes, LDM Anantnag told the meeting that despite COVID-19 pandemic and subsequent lockdown, the banks in the district have disbursed Rs 308.58 crore during the first quarter of the FY 2020-21.
“Rs 203.26 Cr have been disbursed under priority sector and Rs 105.32 crore from non-priority sector,” he said while adding that deposits in the district have increased from Rs 5664.64 crore to RS 5796.32 Cr.
CD Ratio has increased from 64.23 percent to 65.02 percent in the district.
Furthermore, the Chairman DLRC directed all the line departments and banks to conduct programs to increase awareness among the people about the social security schemes and other developmental programs of the government.

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