Budgam achieves 91% credit target for 2018-19

District Budgam has achieved 91 percent credit disbursement target for financial year 2018-19, with disbursement of Rs 923.51crore via-vis target of Rs 1019.74 crore. 

J&K Bank alone has disbursed Rs 822.59 crore via-vis target of Rs 758.75 crore for three quarters of financial year 2018-2019, thus registering a percentage achievement of 108 percent and was appreciated by BDO Budgam.

   

This was stated in the Block Level Bankers Committee meet held to review the progress of sponsored schemes in Soibugh and Budgam blocks. 

The meeting was chaired by lead district manager Budgam Aijaz Ahmad in presence of convener BLBC, block development officer, Budgam Bilal Ahmad. Officials of various banks as well as line departments of the concerned blocks also attended the meeting.

LDM Aijaz Ahmad took systematic review of various government-sponsored schemes and area development schemes operational in the district like NRLM, wherein 371 bank linkages have already been done under various doses. As a flagship initiative of NRLM in district Budgam and Chadoora 291 SHGs have been formed against a target of 130 SHGs. Block Project Manager, Nadeem Sami was appreciated for his efforts by the Lead District Manager. 

In PMEGP district has not only achieved the target but surpassed and has disbursed 578 cases during the Financial Year 2018-19. Various schemes of National Urban Development Mission viz a viz HFA, SEP-I and SEP-G have surpassed their targets in district Budgam and the efficient role played by the banks and line department in sponsoring and sanctioned has been lauded by the lead district manager and the block development officer Budgam. The district has also surpassed the targets set under Annual Credit Plan for various agricultural schemes launched by the government. 

Lead District Manager emphasized the forum about various area development schemes like Diary Enterpreneurship Development Scheme and Joint Liability Group scheme wherein district Budgam has tremendous potential in the same and needs to be tapped. LDM acknowledged the forum that the need of the hour is to work in cohesion for the benefit of the people which are dependent on hand holding, advice, assistance and guidance, so that the upliftment and social economic scene of every village, block gets changed into developmental progress and prosperity.

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