Srinagar, May 16: J&K Bank Pulwama convened District Level Review Committee (DLRC) meeting to review the achievement of fourth quarter under the District Credit Plan 2011-12.
 ADC Pulwama chaired the meet that was attended by the representative of NABARD, RBI and other concerned agencies.
 Lead District Manager, G R Kumar presented the data for the quarter ended March 2011-12.
 He said that with regard to the annual credit plan, J&K Bank has overachieved target by 258 per cent in financial terms and 192 per cent in physical terms.
 He said, “The total credit outstanding of all the banks as on March 31, 2012 was Rs 661 crore out of which Rs 609 crore were in Priority Sector.
 The total deposits in the district were Rs 1249 crore and the CD Ratio was 53 per cent, he said.
 He said that against the financial target of Rs 132.52 crore and physical target of 7762 beneficiaries under priority sector, the banks have disbursed Rs 256.74 crore to 13344 beneficiaries, overachieving the financial targets by 194 per cent and physical targets by 172 per cent.
 Giving sector-wise details he said: In Agriculture sector the banks disbursed Rs 48.20 crore to 5469 beneficiaries against the annual targets of Rs. 49.36 crore to 4156 beneficiaries.
 The credit disbursed to Education sector during the period under review was Rs 2.92 crore to 226 beneficiaries against the target of 7.95 crore to 200 beneficiaries.
 The achievement is 37 per cent and 113 per cent in financial and physical terms respectively, he added.

Lastupdate on : Wed, 16 May 2012 21:30:00 Makkah time
Lastupdate on : Wed, 16 May 2012 18:30:00 GMT
Lastupdate on : Thu, 17 May 2012 00:00:00 IST