Kupwara, 10 January: District Development Commissioner Kupwara, Khalid Jahangir today chaired the District Level Review Committee (DLRC) meeting here to review the overall performance of banks and other related institutions at the end of 2nd quarter for the current financial year 2018-19.
Meeting was attended by LDM Kupwara, LDO, RBI, DDM NABARD, heads of various banks and other district and sectoral officers.
On the occasion, the DDC expressed satisfaction over better performance shown by the banks and stressed on the need for 100 per cent achievement of Annual Credit Plan targets. He emphasized upon the heads of various financial institutions to disseminate awareness with regard to the welfare schemes sponsored by them among masses so that people can avail benefits for their overall socio economic development.
Deliberating upon various departments to work in coordination, the DDC directed for ensuring balanced lending among all key sectors, to promote equitable growth in all sectors of the economy. He further impressed upon all stakeholders to leave no stone unturned in implementing the welfare and developmental schemes in the district aimed at uplifting the downtrodden and vulnerable sections of the society.
Moreover, he emphasized for achieving targets set for the current financial year so that perceptible growth in various indicators is registered and encouraged further.
Earlier enumerating the list of achievements, Lead District Manager Mohammad Afzal said that the achievements under ACP 2018-19 for the district stood at ₹587.02 Crores as on 30-09-2018 which constitutes 64% against target of ₹922.22 Crores. He further said that achievements under priority sector advances were to the tune of ₹316.24 Crores against target of ₹773.17 Crores for FY 2018-19 which constitutes 41% while as under non-priority sector the achievements are to the tune of ₹270.78 Crores against target of ₹149.05 Crores for FY 2018-19 which constitutes 182%.
“The deposits of the banks in the District were to the tune of ₹2060 Crores as on 30-09-2018 compared to ₹1912 Crores as on 30-09-2017 thereby registering an increase of ₹147 Crores constituting 8%. The advances of the banks stood at ₹1977 Crores as on 30-09-2018 against ₹1471 Crores as on 30-09-2017 thereby registering an increase of ₹505 Crores which works out to 34%. The CD ratio of the District as on 30-09-2018 stood at 96%”, he added.
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