Banks advance Rs 42 cr till September end
GK NEWS NETWORK
Srinagar, Dec 8: The banks in Kashmir have disbursed Rs 42.64 crore to 3540 units under priority and non-priority sectors by September end this year, thereby recording a 32 per cent achievement in financial terms.
This was revealed at a meeting reviewing the achievements made by financial institutions under Annual Action Plan 2009-10. The DCC/DLRC meet was convened by Lead Bank Office, Ganderbal.
Lead bank officer Tassaduq Mohammad Alamgir informed the house that Rs. 42.64 crore to 3540 units under priority and non-priority sectors had been disbursed at the end of September 2009.
The meeting deliberated upon the achievements made under AAP 2009-2010.
Giving the details of achievements under various sectors he said that in Agricultural Sector an amount of Rs.5.84 crores to 541 units; Rs. 5.26 crores to 561 units in Non Farm and SSI and Rs. 17.51 crores to 1279 units in Trade and Services was disbursed. This comprises of priority sector while as in non priority sector an amount Rs. 14.03 crores to 1159 units was disbursed.
Under government sponsored schemes, financial institutions disbursed an amount of Rs. 3.01 crore to 362 beneficiaries in the District, registering an achievement of 29% unit wise & 25% in financial terms as on September 2009.
The meeting was chaired by Abdul Rashid Lone, Additional District Development Commissioner, Ganderbal and was attended AGM, NABARD P. L. Negi, Representative of RBI, K. C. Kundan, heads of all line departments and coordinators of all banks operating in the district. The meeting also approved the Potential Linked Credit Plan with a credit projection of Rs. 55.23 crore for the year 2010-11, for District Ganderbal.
The Potential linked Credit plan, prepared by the National Bank for Agriculture and Rural Development (NABARD), will be utilised for preparing the annual credit flow for the next financial year.
The plan envisages a term credit of Rs.11.93 crore for Agriculture and allied sector; Rs.13.68 crore for Non-farm sector and working capital for development of enterprises and self-employment; Rs.29.62 crore for other priority sector.
Speaking about the plan, AGM NABARD P. L. Negi said that the plan encouraged investment in agriculture and allied industries for setting up units to give a fillip to agriculture and investment sector.
The plan has accorded priority for agricultural activities, land development, farm and horticultural growth, diary development, creation of infrastructure for storage of agricultural produce and market yards.
Chairman Abdul Rashid Lone (ADDC Ganderbal) stressed upon the sponsoring agencies and banks to encourage the informal credit delivery system, infrastructure support, government-sponsored programmes and policy initiatives as is envisaged in the Potential Linked Credit Plan of the NABARD.
Lastupdate on : Tue, 8 Dec 2009 21:30:00 Makkah time
Lastupdate on : Tue, 8 Dec 2009 18:30:00 GMT
Lastupdate on : Wed, 9 Dec 2009 00:00:00 IST
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