A district-level review and consultative committee meeting for the quarter ended September 2018 was held under the chairmanship of DC, Leh Avny Lavasa at the conference hall DC Office on November 13.
Avny Lavasa appreciated Lead bank management and all the banks for their contribution in the improvement of credit flow and various portfolios during the quarter in Leh district.
She further stressed on improvement in generating financial literacy, financial inclusion and enhancing financial potential in priority sectors like agriculture and horticulture.
All the banks and NABARD were urged to organise awareness workshop and camps for the government officials as well as public to inform about the financial benefits and schemes in different sectors. She emphasized on the convergence between banks and concern government departments like rural development, agriculture, horticulture, and others to ensure maximum beneficiary with greater reach to the public.
The various agenda points discussed in the meeting include a review of the performance of banks under Annual Credit Plan 2018-19, the flow of credit to priority sector and weaker sections of the society, assistance under government-sponsored schemes, performance under KCC and banks performance under Mudra loan.
It was informed that there has been a growth of 2.57% in deposits portfolio, 7.32% in advances portfolio of the district during the quarter. The loan portfolio of the district has also increased by â‚¹ 67.98 crores out of which there is a growth of â‚¹ 5.76% in priority sector advances showing an increase of â‚¹ 24.50 crores. Agriculture sector also showed an increase of â‚¹ 3.54 crores showing an increase of â‚¹3.27% over the previous quarter. The CD ratio for the quarter recorded an increase by 1.58% over the previous quarter and has remained 32.48% as on 30-09-2018.
Moses Kunzang, ADC, Leh representative from RBI, NABARD, SBI, J&K Bank and all other private banks operating in Leh were present in the meeting.