J&K Bank contributes 89% of credit disbursement in Bandipora during 2022-23

DDC Chairman, DC Bandipora jointly chair DLRC, DCC meeting; review performance of Banks

BANDIPORA, JUNE 06: J&K Bank, the state’s premier financial institution, alone has disbursed 89 percent of total credit amounting to Rs 459.86 crore among all the banks in district Bandipora for the financial year 2022-23.

Lead District Manager J&K Bank, Shabir Ahmad Dar stated this during the meeting of District Consultative Committee (DCC) cum District Level Review Committee (DLRC) held at DC office Bandipora.

DDC Chairman Abdul Gani Bhat and Deputy Commissioner, Bandipora, Dr Owais Ahmad jointly chaired the meeting attended by district coordinators of all the banks, government departments and other development agencies.

Giving a complete break-up of the credit disbursed by various banks operating in the district, Dar said that all the banks operating in the district have extended a credit disbursement of 642.90 crores against the yearly target of Rs.1023.30 crore registering an achievement of 63 percent of the annual credit plan 2022-23 for quarter ending March 2023.

He informed that banks have disbursed an amount of Rs 326.95 Crores in priority sector against the annual target of Rs.895 crores registering 36 percent achievement while Rs.315.96 Crores have been disbursed in non-priority sector against the annual target of Rs.128 Crores witnessing 246 percent achievement.

Lead District Manager further informed the house that J&K Bank alone has disbursed Rs.239.00 crores under priority sector and 220 crores under Non priority sector aggregating to total credit of Rs 459.86 Crores showing an achievement of 89 percent contribution towards total credit dispensation in the district.

On the occasion, DC Bandipora emphasized the need for improving the credit flow in Agriculture and allied sectors under the HADP plan. Besides, the credit flow in Renewable energy sector was also emphasized upon.

The performance with respect to social security schemes under Mission Utkarsh was also discussed and the chair emphasized the need for roping in the people under social security schemes with joint coordination of all concerned agencies.

Besides reviewing the performance of Banks & Govt. departments under various schemes, the Chairman of DCC & DLRC meetings directed the line agencies to sponsor quality cases and the Banks for speedy disposal of Govt. Sponsored cases.

Taking review of the performance of the banks and the government departments under various schemes, Dr Owais stressed on the need to maintain cooperation, coordination and cohesion between the banks and the sponsoring agencies to achieve the set targets for development, progress and eradication of unemployment.

The meeting was also attended by Imtiyaz Ahmad Joint director Planning, Zubair DDM, NABARD and District Coordinators of all the Banks, Govt. departments and other development agencies.