Excelsior Correspondent
RAMBAN, June 6: A meeting of District Level Consultative/ District Level Review Committee was held under the chairmanship of District Development Commissioner Ramban Farooq Ahmed Shah Bukhari today.
It was informed that during the financial year 2014-15 an amount of Rs 863.97 crore was recorded in the deposits sector whereas Rs 227.43 crore were advanced by the banks in the district to the people during the same time period.
It was further given out that employment was provided to 171 beneficiaries by advancing an amount of Rs 3.19 crore during 2014-15.
The Chairman expressed displeasure over the low CD ratio of the banks. He directed the banks to involve and mobilize the Self Help Groups for taking up activities like Floriculture, Horticulture and allied activities under Agriculture for advancing more funds to the needy which can not only generate employment but also improve the CD Ratio as per the standards of RBI.
Regarding the disbursement made under KCC, the banks were directed to advance money as per the norms to the farmers since mere sanctioning of the KCCs without advancing the money will not suffice the concept of this Financial Inclusion Scheme of the Govt of India.
It was given out that the banks in the district have so far advanced an amount of Rs. 16.33 crore to 4818 KCC beneficiaries.
MLA Ramban Neelam Kumar Langeh, who was present on the occasion, assured the participants his support in identifying beneficiaries and SHGs. He asked the officers to expand their area of awareness about financial inclusion and sponsored schemes of the Government.
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