JK Bank disburses Rs 89 cr in Poonch

The highest contribution in credit dispensation has been of J&K Bank which alone has disbursed Rs 88.81 crore to 3642 beneficiaries which is 80 per cent of the total achievements under APR.

GK News Network
Srinagar, Publish Date: Feb 2 2015 10:03PM | Updated Date: Feb 2 2015 10:03PM
JK Bank disburses Rs 89 cr in PoonchFile Photo

Banks operating in district Poonch have disbursed loans to the extent of Rs 110.41 crore to 6240 beneficiaries during the first three quarters of FY 2014-15, which is 38.53 per cent of the total target for the financial year. 

The highest contribution in credit dispensation has been of J&K Bank which alone has disbursed Rs 88.81 crore to 3642 beneficiaries which is 80 per cent of the total achievements under Annual Credit Plan. 

This was revealed in District Level Review Committee meeting held in Poonch last week to review the performance of various banks and government sponsoring agencies for the third quarter of the FY 2014-15 ended 31st December 2014.

The meeting was held under the chairmanship of M Hussain Malik  DDC Poonch. Lead District Manager Poonch, M Shafi Ayaz was also present on the occasion. 

The DDC urged on the banks to double their efforts for achieving the ACP targets. “Accelerate your efforts to come to the level of other banks especially J&K Bank”, DDC said.

 Meanwhile, the skill development initiative of the bank being implementing through the network of Regional Self Employment Training Institutes RSETIs) is being acclaimed across board. Various short term employment generating courses, with special focus on local arts and crafts, are offered through these institutes along with the much needed credit linkage facility, the bank in a statement said. 

Programmes are receiving a positive, tremendous response from the youth and the society is taking it in the spirit of a great gesture. Thousands of youth have already been trained through these institutes and extended financial assistance to start their own ventures, it said.