Excelsior Correspondent
SRINAGAR, Sept 25: Deputy Commissioner (DC) Srinagar, Mohammed Aijaz Asad today chaired a meeting of District Level Bankers Review Committee/District Consultative Committee (DLRC/DCC) to review the performance of the Banks and other Financial Institutions under various Government initiatives and sponsored schemes for quarter ending June, 2023.
At the outset, the Deputy Commissioner took a sector wise performance of the Banks in implementation of different Government schemes and reviewed the achievements of Banks in lending to Priority/Non Priority sectors under Annual Credit Plan.
While reviewing the Bank-wise movement of CD Ratio in the district, the DC was informed that total deposits of the district Srinagar stood at Rs 34448.37 crore and Advance at Rs 24009.31 crore, constitute 70 percent CD Ratio in the Ist quarter of current financial year ended in June, 2023.
The DC was apprised that an amount of Rs 960.39 crore has been disbursed among 25449 beneficiaries in Srinagar District under different schemes thereby generating self-employment opportunities for over 62000 unemployed youth of the District during financial year 2022-23.
Besides, the Banks operating in Srinagar have provided a total credit of Rs.1691.31 crore in favour of 54488 beneficiaries under both Priority as well as Non-Priority Sector during for financial year 2023-24.
Speaking on the occasion, the DC stressed on all the line departments and Banks operating in the District to further improve the credit facilities and CD ratio. He also called for educating people about financial literacy and the Digital Payment Ecosystem by bridging the digital gap to ensure cent percent coverage.
He called upon officers of all line departments and Bankers to work in a coordinated manner with added vigour and zeal to achieve the set targets within the set timeline.
The DC emphasised on improvement of other schemes and flagship programmes of the Government and focused attention towards targets set for financial year 2023-24.
The meeting was among others attended by Chief Planning Officer, Mohammad Yaseen Lone, GM DIC, Hamida Akhtar, Lead District Manager, Abdul Majid, all District Officers, Cluster Heads of J&K Bank, representatives of Banks and financial institutions operating in Srinagar.
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