District Development Commissioner Mir Altaf Ahmad has directed the departments and all financial institutions operating in Budgam district to provide hassle free lending facilities to young entrepreneurs so that unemployment is eradicated.
This direction was given by him while speaking at the 57th District Consultative Committee/District Level Review Committee (DCC/DLRC) meeting.
Lead District Manager Murtaza Ahmad claimed that despite unrest the total deposits in district Budgam has increased from Rs 1560.35 crores to 1784.71 crores on yearly basis and the total advances in the district has increased from 1243.09 Crores to 1345.86 Crores on yearly basis.
MLC Saif u din expressed his concern for poor sponsorship and advised line departments/sponsoring agencies to sponsor cases as per service area to all Banks and not to focus on one particular bank.
He advised the concerned agencies to conduct awareness camps in rural areas for making people aware of various government sponsored schemes.
The Lead District Manager informed the meeting that at the end of September 2016 District Budgam has disbursed 74.37 Crores registering a growth of 14.73%under Priority Sector and Rs89.15 Crores has been disbursed against 155.22 Crores registering a growth of 57.44%.
He also said that Rs 1.79 crores have been disbursed among 145 beneficiaries under income generating government sponsored schemes. He also briefed the house about various Schemes i.e. six flagship programmes like JANDHAN YOJANA, APY PMJJY, PMSBY, MUDRA and Standup India.
District Development Commissioner appreciated the role of banks during the present situation. He said both banks and line agencies have to work hard in the next half year so that targets will be achieved at the closure of the financial year. He stressed upon the concerned departments and financial institutions to work for overall development of the district with more dedication and sincerity .
The meeting also attended by Chief Planning Officer, AGM RBI, representatives from SBI, EDB, HDFC, SCB, ICICI, PNB RSETI and NABARD.