Contribute towards development under CSR: DC to banks

Calls for integrated linkage between district credits, development plans

GKNN
Srinagar, Publish Date: Aug 10 2018 12:56AM | Updated Date: Aug 10 2018 12:56AM
Contribute towards development under CSR: DC to banksGK Photo

District development commissioner (DDC), Syed Abid Rasheed Shah Thursday chaired a district level review committee (DLRC) meeting of Lead Bank Office here to review progress of banks during first quarter of ongoing financial year.

The meeting reviewed performance of banks in areas of deposits and advances besides reviewing sector-wise performance under the district credit plan 2018-19 and status of their achievements in area of implementation of various schemes.

The meeting was informed that under the credit plan Rs 504 crore has been disbursed under various schemes in priority sector, including Rs 329 core under MSME, Rs 100 crore in agriculture sector and Rs 57 crore under housing sector. Disbursements made in non-priority sector as on 30 June include Rs 1,305 crore.

It was informed that credit deposit ratio (CDR) in the district at end of the quarter ending 30 June stands at 51 percent which is 2 percent higher since previous quarter ending 30 March 2018, adding total deposits and advances during quarter include Rs 21281 and Rs 10766 crore respectively.

The DDC emphasised that banks must be positive and instrumental in credit dispensation and increase CDR to benchmark level fixed by RBI. He noted with satisfaction enhanced credit lending under agriculture sector but called on all banks to increase lending under education sector.

Shah called on Lead Bank to come up with a comprehensive plan for linking credit plan with district development plan to catalyze positive development. 

Smart City Limited officials present on the occasion called on all banks to support them and help make Srinagar Smart City project a success. Shah who is CEO of special purpose vehicle for Smart City Project impressed upon all banks to play their role as identified in the corporate social responsibility (CSR) and direct 2 percent of profits towards development of the district as mandated upon them under companies Acts.

Latest News

  1. Sopore gunfight: Locals find body parts from debris of house
  2. Sopore gunfight: Locals find body parts from debris of house
  1. Now, teaching faculty asked to report to duties on March 5
  2. Now, teaching faculty asked to report to duties on March 5
  1. Last date form filing of GST returns extended
  2. Last date form filing of GST returns extended
  1. UGC writes to varsities across country to ensure safety of Kashmiri students
  2. UGC writes to varsities across country to ensure safety of Kashmiri students
  1. Will fight the deliberate strangulation: KEG on stopping advertisements to Greater Kashmir, Kashmir Reader
  2. Will fight the deliberate strangulation: KEG on stopping advertisements to Greater Kashmir, Kashmir Reader
  1. Pak Army says country doesn't wish for war, but warns India of 'surprise'
  2. Pak Army says country doesn't wish for war, but warns India of 'surprise'
  1. Journalist from Kashmir beaten up in Pune; case of road rage: Police
  2. Journalist from Kashmir beaten up in Pune; case of road rage: Police
  1. Sopore gunfight over, two militants killed: Police
  2. Sopore gunfight over, two militants killed: Police
  1. Police instructed to ensure safety of Kashmiris in Goa
  2. Police instructed to ensure safety of Kashmiris in Goa
  1. Minor dies after falling into water reservoir in Shopian
  2. Minor dies after falling into water reservoir in Shopian
  1. Congress to build Ram temple if it wins elections: Harish Rawat
  2. Congress to build Ram temple if it wins elections: Harish Rawat
  1. Traders down shutters in Lal Chowk to protest attacks on Kashmiris
  2. Traders down shutters in Lal Chowk to protest attacks on Kashmiris
  1. ECI team to visit Jammu and Kashmir in first week of March
  2. ECI team to visit Jammu and Kashmir in first week of March
  1. Blocking govt advertisements to Greater Kashmir akin to ‘shooting the messenger’: Omar
  2. Blocking govt advertisements to Greater Kashmir akin to ‘shooting the messenger’: Omar
  1. Lok Sabha polls: JK govt cancels leaves of gazetted officers
  2. Lok Sabha polls: JK govt cancels leaves of gazetted officers
  1. 1700 vehicles stranded on Kashmir highway; clearance operation on in full swing
  2. 1700 vehicles stranded on Kashmir highway; clearance operation on in full swing
  1. Two south Kashmir residents arrested in UP; police claim the duo affiliated with Jaish
  2. Two south Kashmir residents arrested in UP; police claim the duo affiliated with Jaish
  1. PM must say what he was doing in initial 2 hours after Pulwama attack: Congress
  2. PM must say what he was doing in initial 2 hours after Pulwama attack: Congress
  1. Shun war rant, resolve issues through dialogue: Mirwaiz to New Delhi
  2. Shun war rant, resolve issues through dialogue: Mirwaiz to New Delhi
  1. Modi's photos shared by Rahul were shot in morning: BJP
  2. Modi's photos shared by Rahul were shot in morning: BJP
  1. Mehbooba, Omar welcome SC direction to states to take action against assault on Kashmiris
  2. Mehbooba, Omar welcome SC direction to states to take action against assault on Kashmiris
  1. Mehbooba congratulates PM for Seoul peace prize, asks him to denounce attacks on Kashmiris
  2. Mehbooba congratulates PM for Seoul peace prize, asks him to denounce attacks on Kashmiris
  1. Miandad criticises BCCI for planning to bar Pakistan from World Cup
  2. Miandad criticises BCCI for planning to bar Pakistan from World Cup
  1. Pakistan not concerned if India diverts water
  2. Pakistan not concerned if India diverts water
  1. Lahore High Court moved for ban on Indian films
  2. Lahore High Court moved for ban on Indian films
  1. Himachal avalanche: 5 soldiers still missing, bad weather hampers efforts
  2. Himachal avalanche: 5 soldiers still missing, bad weather hampers efforts
  1. Visa refusal to Pak shooters: IOC suspends India from hosting Olympic-qualifying events
  2. Visa refusal to Pak shooters: IOC suspends India from hosting Olympic-qualifying events
  1. Sopore gunfight: Fresh firing reported; clashes erupt
  2. Sopore gunfight: Fresh firing reported; clashes erupt
  1. Weather likely to improve from today in Jammu and Kashmir
  2. Weather likely to improve from today in Jammu and Kashmir
  1. SC directs chief secys, DGPs of 11 states to take action against assault on Kashmiris post Pulwama attack
  2. SC directs chief secys, DGPs of 11 states to take action against assault on Kashmiris post Pulwama attack
  1. Pak judiciary robust, India has no case: Pak at ICJ
  2. Pak judiciary robust, India has no case: Pak at ICJ
  1. UP govt education officer suspended for posting objectionable message on Pulwama attack
  2. UP govt education officer suspended for posting objectionable message on Pulwama attack
  1. 30 houses damaged after avalanche hits Gurez in north Kashmir
  2. 30 houses damaged after avalanche hits Gurez in north Kashmir
  1. Srinagar-Jammu highway remains closed for third day
  2. Srinagar-Jammu highway remains closed for third day
  1. Sopore gunfight: Militant killed, operation on
  2. Sopore gunfight: Militant killed, operation on
x
This site uses cookies to deliver our services and to show you relevant news and ads. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Service.That's Fine