Banks advance Rs 400 cr under CAP in Srinagar
GK NEWS NETWORK
Srinagar, Dec 26: An amount of Rs 410.51 crore has been advanced by various financial institutions in Srinagar district for setting up of 11969 income generating units ended September this year under Srinagar Credit Action Plan.
This information was revealed in a District Level Consultative Committee held here today under the chairmanship of DDC, Srinagar, Meraj Ahmad Kakroo who is also chairman of the committee. The meeting was attended by the representatives of various financial institutions and district officers.
It was stated in the meeting that under agriculture sector, Rs. 11.86 crore have been advanced, Rs. 11.52 crore under non-farm services, Rs. 195.67 crore under priority sector and Rs. 214.84 crore were advanced for establishing income generating units in the district.
The meeting was also informed that under government sponsored schemes, Rs. 2.99 crore were advanced for setting up of 237 units in the district while as NABARD has projected Rs. 302.49 crore as credit under the plan including agriculture and non farming sectors while Rs. 208.58 crore for other priority sectors.
Chairman and DDC Srinagar stressed upon the sponsoring agencies and banks to expand their reach to the lower strata of the society by speeding up the process of flow of credit and make the loaning procedures simple and hassle free. He assured the house all the possible help from his office in making the government sponsored schemes and financial institutions in the district a success.
Lastupdate on : Sun, 26 Dec 2010 21:30:00 Makkah time
Lastupdate on : Sun, 26 Dec 2010 18:30:00 GMT
Lastupdate on : Mon, 27 Dec 2010 00:00:00 IST
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