Banks in Budgam disburse `120 cr credit till Sept end

JK Bank convenes DLRC meet


Srinagar, Dec 8: J&K Bank convened 42nd DLRC meeting at Budgam today. Muhammad Akbar Ganai, Additional District Development Commissioner, Budgam chaired the meet.
 In his address, Akbar directed all the Line Departments and Banks to ensure achievement of 100 per cent target under different sectors and ensure the disbursement of all the cases expeditiously. Akbar assured the banks the release of pending Margin Money/Interest Subsidy and Capital Subsidy by the sponsoring agencies, so that the banks are in a position to disburse all pending cases by December end, the bank in a statement said.
 He appreciated the banks particularly J&K Bank “for assisting the eligible beneficiaries.”
 Lead District Manager Budgam, Muhammad Yaqoob briefed the House about the achievements till quarter ending September 2012 with respect to the targets fixed for the financial year under District Credit Plan 2012-2013.
 He informed the House that Banks in the District have disbursed an amount of Rs 120.59 crore out of the target of Rs 237.87 crore, out of which Rs 73.56 crore have been disbursed under priority sector.
 The total disbursement under various government sponsored schemes as on September 2012, according to him, was Rs 41.29 crore.
 He apprised the House that in the district the achievement in Kissan Credit Card is 61 per cent. “Out of 15363 eligible applications sponsored by the Agriculture and Horticulture Departments, 9436 applications have been sanctioned with disbursement of Rs 33.19 crore”, he revealed.
 The meeting, apart from representatives of various banks and Heads of Line Departments of the District, was attended by Ved Prakash from Reserve Bank of India and Abdul Hamid Khan, J&K Bank’s Cluster Head for Budgam The meeting ended with the vote of thanks by Farooq Ahmad Yaswi, Joint Director Planning.

Lastupdate on : Sat, 8 Dec 2012 21:30:00 Makkah time
Lastupdate on : Sat, 8 Dec 2012 18:30:00 GMT
Lastupdate on : Sun, 9 Dec 2012 00:00:00 IST

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