DC Srinagar chairs DLRC meeting

Rs 2984.38 cr disbursed among 69647 beneficiaries
DC Srinagar chairs DLRC meeting
The DDC also asked Banks and all line Departments to encourage novice entrepreneurs under economic activities to inspire them for setting up viable income generating units in the district.Special arrangement

Srinagar: A meeting of District Level Review Committee (DLRC) was held here today under the Chairmanship of District Development Commissioner (DDC) Srinagar, Mohammed Aijaz Asad to review the progress achieved during 2021-22 under Annual District Credit Plan.

The meeting was informed that credit to the tune of Rs 2984.38 Crore has been disbursed among 69647 beneficiaries in the district by different financial institutions under priority and non-priority sectors by quarter ended September, 2021 against the target of 6574.9 crore for 145792 beneficiaries.

Speaking on the occasion, the DDC emphasized that all line departments and banks operating in the district shall strengthen the IEC activities to educate and sensitize the public about financial literacy particularly in rural and urban belts of Srinagar about various banking products and Government sponsored schemes so that they can avail the benefits of such schemes by setting up income generating units.

The DDC also asked Banks and all line Departments to encourage novice entrepreneurs under economic activities to inspire them for setting up viable income generating units in the district.

The DC asked the concerned to devise a mechanism in segregation of loan cases and sponsored an adequate share to the banks other than J&K Bank. While District Officers were asked to cross check the data with due diligence before submitting it to higher authorities for yielding better results. He was also directed to conduct a pre PLP exercise to benchmark the previous and current data.

Giving overview of credit disbursement through different schemes, the Lead District Bank Manager, Abdul Majid informed the meeting that credit disbursement of Rs 3.43 crore has been provided to 51 beneficiaries of Srinagar District under MUMKIN scheme.

Under the PMEGP scheme, total 1735 cases have been sponsored out of which 1584 cases have been processed at different banks and Rs. 23.22 crore have been disbursed among the beneficiaries so far.

Similarly, under Pradhan Mantri SVANIDHI schemes Rs 4.61 crore were disbursed among 4613 registered street vendors in the district under which urban street vendors are eligible to avail a loan of Rs 10000 with tenure of one year with interest subsidy of 7 percent to handholding of youth.

Under Pradhan Mantri Mudra Yojana, an amount to the tune of Rs 337.32 crore has been disbursed among 11191 beneficiaries.

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