Dr Sehrish Asgar chairs DLRC meeting at Baramulla

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Dr Sehrish Asgar chairs DLRC meeting at Baramulla

Directed LDM to adopt integrated approach to scale up the progress

Baramulla,March 01: The District Development Commissioner (DDC) Baramulla Dr Syed Sehrish Asgar today chaired a District Level Review Committee and District Consultative Committee (DLRC/DCC) meeting to review the performance of Banks operating in the district and line departments under District Credit Plan 2022-23 for the quarter ended December 2022 at Dak Bungalow, here.

The meeting discussed in detail the progress and achievements made by the banks under priority sectors like Agriculture, MSME, GSS and other micro schemes to weaker sections of the society.

Giving detailed summary of the achievements for the quarter ended December 2022 under District Credit Plan, Lead District Manager, Baramulla Javed Rasheed informed the house that the banks in the district have disbursed an amount of Rs.2326.29 crores to 62379 beneficiaries against the yearly target of Rs. 4272.52 crores to 108729 beneficiaries thus achieving 54% of District Credit Plan, 2022-23.

Further, the meeting was informed that the total deposits of the district have increased from Rs. 6039.37 crores as on.30.09.2022 to Rs. 6208.90 crores as on 31.12.2022 witnessing a growth of 3.12% on YOY basis while advances have increased from Rs. 6055.57 crores as on 30.09.2022 to Rs. 6155.22 crores on 31.12.2022 registering a growth of 2.33% on YOY basis.

Giving overview of credit disbursement through different schemes, the Lead District Manager informed the house that the credit disbursement of Rs. 855 crores has been provided to 39799 beneficiaries of the district under Agriculture, MSME and other activities have been disbursed among the beneficiaries so far.

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Speaking on the occasion, the DDC advised all the banks and sponsoring agencies to work with co-operation, coordination and cohesion to achieve targets and goals for the development and progress besides generation of employment for the youth in the district.

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