The District Level Review Committee/District Consultative Committee (DLRC/DCC) meeting was chaired by Vikas Kundal, DC Kargil on June 23 in Kargil.

The flow of credit, performance of banks in key areas with regard to deposits and lending, advances under priority sector and Government Sponsored Schemes under Annual Credit Plan 2017-2018 was reviewed. Discussions and deliberations were held with regard to the current position of deposits, advances, CD Ratio and advances under credit linked schemes.

Senior functionaries of the RBI, representatives of different banks and the departmental heads of the line departments including Agriculture, Animal Husbandry, DIC, KVIB, Social Welfare, State Housing Board, NRLM and other line departments attended the meeting.

 

The progress of cases under PMEGP, KVIB, KVIC, DIC, NULM, NRLM, PMAWY, Mudra Loan, DEDS, KCC, Handloom, Handicraft and other sectors with special emphasis on credit linkage of the borrower under these schemes was also reviewed.

Rajesh Yadav, Lead District Manager, Kargil informed that various banks in the district have recorded 1190.96 crores in deposits and 466.37 crores in advances with the CD ratio of 39.16% up to ending March 2018. 

    

While underlining the importance of close coordination between banks and the line departments in extending satisfactory facilities to beneficiaries under different schemes, Vikas Kundal stressed upon them to generate awareness of the systems and procedures so that maximum beneficiaries are credit-linked under various schemes for generation of employment by way of setting up new units of economic activities.

He called for the comprehensive and timely accomplishment of the targets earmarked for the financial year 2018-2019 thereby paving a way to provide more economic development opportunities to the beneficiaries. Also, emphasized for proper implementation of government-sponsored schemes to increase the credit-deposit ratio of the financial institutions further directing the bankers to intensify their efforts to increase CD ratio up to 50% in the district.

He also stressed upon the concerned departments and financial institutions to work for overall development of the district with added zeal and seriousness. Emphasis was also put on eradication of unemployment of educated youths by way of sponsorship and hassle-free lending facilities for the establishment of income generating units.

Stressing on collaborative efforts by the banks and line departments in holding awareness camps on a regular basis in the remote and far-off areas of the district, he said that this will go a long way in creating necessary awareness among the people especially the unemployed youth about PMEGP, Pradhan Mantri Mudra Yojana and other credit linked schemes.