JK Bank convenes DLRC meet

Banks disburse Rs 72 cr in Gbl

GK NEWS NETWORK

Srinagar, Dec 13: J&K Bank convened District Level Review Committee (DLRC) meet at Ganderbal, which was chaired by District Development Commissioner (DDC) Ganderbal Showkat Ahmad Mir.
 Additional DC Itrat Hussain Rafiquee, CPO Mukhtar Ahmad Bazaz, AGM NABARD Kamal Sainee, all district officers of line departments and district coordinators of all banks operating in the district attended the meeting.
 Welcoming the participants, Lead District Manager (LDM) Masood Ahmad Khan briefed the house about achievement of targets by the banks under District Credit Plan 2012-13.
 He said, “The banks operating in the district have disbursed Rs 72.02 crore for establishment of 3709 units till September 2012, out of which Rs 45.41 crore were provided for 2573 units under priority sector realizing 36 per cent of the target and Rs 26.61 crore for establishing 1136 units under non- priority sector registering 21 per cent achievement.”
 In priority sector, 63 per cent of the target was achieved in agriculture and allied activities, while as in Small Enterprises 34%, Micro-credit 31%, Education 36% and housing 21% of the target was achieved, he added.
 Speaking on the occasion, Chairman DLRC stressed upon banks and sponsoring agencies to play effective role in eradicating unemployment of the district by achieving the set targets under various sectors for setting up of income generating units, the bank in a statement said.
 He appreciated the role of J&K Bank in disposing of the cases meticulously and advised all other banks to adopt the same and ensure achievement of 100% target under different sectors by the end of current fiscal.
 He advised NABARD and other concerned agencies for timely release of subsidy and margin money. He advised the financial institutions to sanction and disburse the cases strictly as per guide lines and in close co-ordination with sponsoring agencies.

Lastupdate on : Thu, 13 Dec 2012 21:30:00 Makkah time
Lastupdate on : Thu, 13 Dec 2012 18:30:00 GMT
Lastupdate on : Fri, 14 Dec 2012 00:00:00 IST




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