77th DLRC Meet: Sanction pending cases within 15-days, says DC Budgam

77th DLRC Meet: Sanction pending cases within 15-days, says DC Budgam
File photo of DDC Budgam, Shahbaz MirzaPhoto Source: @shahbazmirza9/Twitter

Budgam: District Development Commissioner (DDC) Budgam, Shahbaz Ahmed Mirza who is also Chairman of DLRC and DCC presided over the 77th District Level Review Committee and District Consultative Committee (DLRC and DCC) meeting here Thursday.

An official spokesman in a statement issued here said that the meeting was convened by the convener DLRC Lead District Manager (LDM) Budgam, Farhat Manzoor.

Presenting the highlights of the performance of all the banks of the district for the quarter ending September 30, 2021, LDM said that Budgam had recorded a CD ratio of 97.50 percent for the quarter ending September 2021, which reflects as one of the best ratios in Jammu and Kashmir.

The benchmark of CD ratio as per RBI guidelines is 60 percent.

Regarding other statistics, Manzoor revealed that the advances had recorded a positive year-on-year growth of Rs 367,80 crores having risen from Rs 3025. 85 crore (as of September 2020) to Rs 3393.65 crore (as of September 2021) while the deposit figure had recorded a growth of Rs 315.97 crore from Rs 3164.77 crore (September 2020) to Rs 3480.74 crore (September 2021), thus recording 12.18 percent and 9.98 percent growth.

During this financial year up to quarter September 2021, the district has been able to disburse an amount of Rs 840.25 crore out of which Rs 503.05 crore has been disbursed in priority against the annual target of Rs 1494.72 crore and Rs 337.55 crore has been disbursed in the non-priority sector against the annual target of Rs 378.53 crore.

Speaking on the occasion, the DC said that action should be taken against banks and line departments for delaying the cases without any justification.

He instructed the line departments to handhold the youth aspiring for self-employment and take on board all concerned banks while accepting and sponsoring the cases for approval.

Manzoor instructed all concerned to ensure timely disbursement and sanctioning of cases besides directing that all pending cases should be cleared in 15 days time period.

Stressing on self-employment promotion among women, the DC instructed the concerned to bring and counsel more and more female entrepreneurs under Tejaswani scheme.

He also gave directions to the concerned on holding financial literacy camps and self-employment awareness camps in all areas and full support to the candidates aspiring to establish self-employment ventures.

Manzoor said that the credits and lending should be focused to generate employment opportunities as well as it should prove a pivotal aspect in increasing farmers’ income.

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