DDC Budgam chairs 81st DLRC/DCC meeting
Potential Linked Credit Plan (PLCP) 2023-24 by NABARD launched for district
BUDGAM, January 07: The District Development Commissioner (DDC) Budgam, S F Hamid who is also Chairman of DLRC today presided over the 81st District Level Review Committee/ District Consultative Committee (DLRC/DCC) meeting, here.
President Municipal council Budgam, Mushtaq Ahmad also took part in the meeting.
Addressing the meeting, the DDC informed the members that the district employment plan is being formulated and the banks are important stakeholders in achieving the goals set for employment generation.
He instructed line departments and banks to work in a coordinated manner while accepting and sponsoring the cases.
The chairman while observing the performances of the previous quarter emphasized that more push is required on the priority lending sector particularly for the key sectors of agriculture, horticulture, handicrafts, handloom and education.
He stressed that under performing banks shall take effective measures in enhancing the lending capital. He also instructed all line departments to review and revisit rejected cases, so that these are re-sponsored if found viable.
The DDC directed departments that no affidavit is needed for sponsorship of any case and self declaration in prescribed format shall be sought.
He said the ultimate motive of administration is making unemployed youth self-sufficient.
The chairman directed all concerned to ensure achieving cent percent financial inclusion, besides arranging mega awareness camps on financial literacy in panchayats. He further said the employment committee formulated at the District level will cross-check the cases sent by various departments, then only the cases would be sent to Banks for sponsorship.
While welcoming all the Heads of line departments, District Coordinators of Various Banks, Lead District Manager Budgam, Ashfaq Hussain Khan presented the highlights of the performance of all the Banks of the district for Quarter ending September 2022.
In his deliberation, he said that an achievement of 109.89 percent in CD Ratio was registered for the second quarter of FY 2022-2023. Regarding advances and deposits it was revealed that the deposits of the District stands at 3686.83 crore as against the Rs 3480.74 crore of the corresponding September quarter of 2021-22, recording the growth of 5.92% YOY.
He further briefed that the advances of the District stands at Rs 4051.61 crore as against the advances of Rs 3393.65 Crore of the corresponding September quarter of 2021-22, recording the growth of 19.38 % advances yoy.
On the occasion, the Potential Linked Credit Plan 2023-24 for District Budgam formulated by NABARD was launched by the DDC.
Among others the meeting was attended by ADDC Dr.Akramullah Tak, CPO Rafiq Ahmad, GM DIC, Programme officer ICDS, Lead District Manager Budgam, Ashfaq Hussain Khan, Head J&K Bank Budgam Azad Ahmad, Director RSETI Budgam, DDM NABARD, Assistant Manager RBI and Heads of Departments from various line departments and Banks.
