Jammu: Chairman of the Jammu and Kashmir Bank and convenor State Level Bankers’ Committee Parvez Ahmad on Thursday said that the bank has contributed 73 percent to total disbursement under Annual Credit Plan.
Mr Ahmad said, ‘’Banks operating in the State have extended a total credit of Rs.10,950.72 Crore in favour of 3,97,058 beneficiaries during the first half of CFY ended September 30, 2017 against annual target of Rs.28,841.64 Crore for 9,66,047 beneficiaries under Annual Credit Plan 2017-18, thereby registering achievement of 38%in financial terms and 41% in physical terms. J&K Bank alone he added has disbursed Rs.7,985.93 Crore during the period under review, which makes for 73 pc of the total credit extended by the 43 banks and financial institutions operating in the State’’.
The Chairman expressed his gratitude to the Chief Secretary B B Vyas for his proactive intervention to resolve various outstanding issues like allotment of land to RSETIs & Farmers Training Centres besides ensuring that Deputy Commissioners of 6 districts of Srinagar, Kupwara, Pulwama, Leh, Udhampur and Rajouri join the meeting through video conferencing, whereas two Deputy Commissioners of Jammu and Samba attended the SLBC meeting in person.
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