Stress for timely completion of targets, awareness of credit linked schemes: DC Kargil

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Chairs DLRC meet

KARGIL: Deputy Commissioner and CEO, LAHDC KargilVikasKundal chaired a meeting of the District Level Review Committee/District Consultative Committee (DLRC/DCC) for the quarter ending March 2018.
He reviewed the flow of credit, performance of banks in key areas with regard to deposits and lending, advances under priority sector and government sponsored schemes under Annual Credit Plan 2017-2018.
Senior functionaries of the RBI, representatives of different banks and the departmental heads of the line departments including agriculture, animal husbandry, DIC, KVIB, social welfare, state housing board, NRLM and other line departments attended the meeting.
While underlining the importance of close coordination between banks and the line departments in extending satisfactory facilities to beneficiaries under different schemes, Kundalstressed upon them to generate awareness of the systems and procedures so that maximum beneficiaries are credit linked under various schemes for generation of employment by way of setting up new units of economic activities.
Kundal called for comprehensive and timely accomplishment of the targets earmarked for the financial year 2018-2019 thereby paving way to provide more economic development opportunities to the beneficiaries. He also emphasized for proper implementation of government sponsored schemes to increase the credit deposit ratio of the financial institutions further directing the bankers to intensify their efforts to increase CD ratio up to 50% in the district.
During the meeting the Kundal reviewed the progress of cases under PMEGP, KVIB, KVIC, DIC, NULM, NRLM, PMAWY, Mudra Loan, DEDS, KCC, Handloom, Handicraft and other sectors with special emphasis on credit linkage of borrower under these schemes. Thorough discussions and deliberations were held with regard to the current position of deposits, advances, CD Ratio and advances under credit linked schemes.
Meanwhile the Lead District Manager, Kargil Rajesh Yadav informed the meeting that various banks in the district have recorded 1190.96 crores in deposits and 466.37 crores in advances with the CD ratio of 39.16% up to ending March 2018.

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