Banks in Jammu district give Rs 14,008 cr advances against Rs 47,354 cr deposits

ZT NEWS NETWORK
JAMMU: A meeting of District Level Review Committee/District Consultative Committee (DLRC/DCC) for the Quarter ending June 2020, was today held here at Deputy Commissioner’s Office to review the performance of Banks in Deposits, Advances, CD Ratio, and achievement under Annual Credit Plan for the FY 2020-21.

The meeting also reviewed the progress under various Govt. Sponsored and Social Security Schemes.

The meeting was chaired by Additional District Development Commissioner, Ramesh Chander and convened by Lead District Manager (LDM), , Suresh Kumar Raina.

LDM informed the house that Banks operating in Jammu District have recorded deposits of Rs.47,354 Cr. and advances of Rs 14,008 Cr., as on June 30, 2020. The CD Ratio of the District was 29.58%. The achievement of Banks in the District under Annual Credit Plan 2020-21 stood at Rs.1293 Cr. against Annual Target of Rs.9763 Cr. recording growth of 13.24% as on 30.06.2020. Under Priority Sector the Achievement by Banks stood at Rs.875 Cr. against Annual Target of Rs.6830 Cr. recording growth of 12.81%, While as under Non-priority Sector the achievement was Rs.418 Cr. against Annual Target of Rs.2934 Cr. recording a growth of 14.25%.

Under Atma Nirbhar Bharat Abhiyan 26282 new cases were sanctioned under KCC Crops and 9520 cases under KCC AH&F till 14.09.2020.

The ADDC took an extensive review of Government sponsored schemes with special focus on KCC, PMAY, PMEGP, JKREGP, NRLM, NULM, etc. He directed the Agriculture & Animal Husbandry Department to sponsor KCC cases aggressively to ensure 100% coverage of all farmers. He advised all Sponsoring Agencies and Banks to spread awareness among people about various Self-employment Schemes launched by the Government and motivate them to avail the benefits of these Schemes for generating self-employment opportunities in the District.
He directed all the Banks to clear the pending cases Sponsored by different Govt.

Departments/Agencies at the earliest and give a boost to lending, particularly under Agriculture & Allied activities, MSME, Housing and Education Sectors, to achieve a healthy CD ratio. He also directed the Banks to cover all eligible persons under Social Security Schemes viz; PMSBY, PMJJBY & APY.

The meeting was attended by LDO RBI, DDM NABARD, Chief Agriculture Officer, Chief Animal Husbandry Officer, District Sheep Husbandry Officer, AD Fisheries, District Coordinators of J&K Bank, SBI, PNB, JKGB, EDB, representatives of other Banks and Officials of other Sponsoring Government Departments/Agencies.