Jammu & Kashmir

Rahul Pandey all for meeting CD Ratio targets, full saturation of self-employment Schemes

Reviews performance of Banks at DLRC meeting

KATHUA: To review the performance of banks in key areas, Deputy Commissioner, Kathua Rahul Pandey today chaired District Level Review Committee (DLRC) meeting and performance of RSETI here in the DC office.

 The meeting discussed in detail the flow of credit, performance of banks in key areas, Deposits, Advances under priority sector, Govt. Sponsored Schemes, lending for the quarter ending 31st Dec, 2022 and performance of RSETI, Kathua

The DC Kathua, who is also the chairman of DLRC, reviewed the lending under KCC, PMEGP – KVIB / KVIC / DIC / NULM, NRLM Handloom/Handicraft, PMAY with special emphasis on credit linkage of beneficiaries under these schemes. Banks and line departments were directed to reconcile sponsored loan applications.

The Chairman exhorted the stakeholder departments and banks to hold awareness programs to disseminate information about lending schemes among general public/farmers/skilled persons so that they can set up new units of economic activities. He also called for ensuring effective coordination in their working.

The DC exhorted the banks to exploit all resources at their disposal and come out with a concrete action plan to increase present CD-ratio of 48.38% to minimum 60% by the end of financial year 2022-23. He said the potential under Agri and allied activities shall need to be exploited fully to achieve the benchmark of 18%.

The Chairman advised all banks to cover maximum number of persons with 100% penetration under social security schemes like Jan Dhan Yojana, Suraksha Bima Yojana, Jeevan Jyoti Yojana, Atal Pension Yojana and to issue Rupay Debit Cards to all eligible a/c holders. He further emphasized on the banks to achieve 100% targets of ACP 2022-23 by next quarter.

The LDO RBI Kirti Bhushan suggested banks to focus lending on FPOs and Agriculture Infrastructure. He also suggested that credit potential and credit absorption capacity varies from area to area and depends upon many factors.

DDM, NABARD Amit Kumar, discussed the Agriculture Infrastructure Fund (AIF) and told the house that 05 new activities have been added under the scheme. He further informed the meeting that under the convergence of New-AMI scheme with AIF, a promoter can avail interest subvention under AIF & Capital Subsidy under AMI schemes.

The Annual Credit Plan for FY 2023-24 was also discussed during the meeting.

 On the occasion, DC Kathua also launched the Potential Linked Credit Plan (PLP) of NABARD for 2023-24. Potential Linked Credit Plan (PLP) is a comprehensive document of the potentials of a district for economic activities, both in physical and financial terms.

 The DC also chaired the Local Advisory Committee meeting of RSETI for the quarter ended Dec, 2022. wherein   thrust was laid on  expediting the process of early construction of RSETI on the allotted land.

The DC advised all the bankers to sanction the RSETI sponsored loan applications on priority basis. He directed the RSETI director to settle the trainees as per MORD guidelines so that maximum employment can be given to local unemployed youth.

The Annual Action Plan of RETI for FY 2023-24 was also approved in the meeting.

The prominent persons who attended the meeting were, ADC Kishore Kumar, Director RSETI Kathua Paras Ram, Cluster Head J&K Bank, Naresh, Chief Agriculture Officer Kathua Sanjeev Rai Gupta, Distt coordinator of SBI Abdul Salam, Pankaj and other concerned officers from Banks and line departments.


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