DDC reviews banks’ functioning

Excelsior Correspondent
SAMBA, Mar 1: A meeting of bankers and District/Sectoral Officers was held to review the progress and performance of bankers in key areas relating to deposits/advances and priority sector lending for the quarter ending December 2015.
The District Development Commissioner Samba, Sheetal Nanda while chairing the District Level Review Committee meet had a detailed discussion regarding progress achieved  by banks and various departments like KVIB, KVIC, DIC, Agriculture, Animal/Sheep Husbandry etc. under various schemes like KCC, JKSES, PMEGP,DEDs etc.
The Lead Bank Manager, Veerji Koul gave a detailed account of the performance of banks during the quarter under priority sectors, deposits and advances. It was informed that the deposit and advances of banks as on ending December 2015 stood at Rs 271878 lakh and Rs 140057 lakh respectively, thus achieving a CD ratio of 51.51%. Further, District has achieved 55.83% of the total Annual Credit Plan up to quarter ending December for the year 2015-16.
The house was informed that against the bench mark of 40% under priority sector advances, the banks have comfortably achieved 51.51% during the quarter. The achievement under advances to weaker sections of the society was 17.54% against the national goal of 10% and 6.28% to Women beneficiaries against national goal of 5%.
The DDC directed banks to organize 03 financial literacy camps per quarter in convergence with line departments for better convergence. She stressed on laying focus on forming Joint Liability groups for improving credit linkage in the district. She further directed to provide skill development training to poor girls under HUNAR scheme by Rural Self Employment Training Institute, Vijaypur. It was decided in the meeting that RSETI Vijaypur will organize first training camp in this regard at Village Channi Awtal.
DDM NABARD, Surinder Singh gave a detailed view about the various developmental projects initiated by NABARD in district Samba.
LDO, RBI Ram Kumar, GM DIC Krishan Lal ,bankers and heads of various departments attended the meeting.