PULWAMA, JUNE 18: To assess the performance of banks and line departments across various financial and developmental parameters, District Development Commissioner (DDC) Pulwama, Dr. Basharat Qayoom, today chaired the District Level Review Committee (DLRC) meeting for the fourth quarter of the financial year 2024-25 at the circuit house Pulwama.
At the outset, Lead District Manager (LDM), Pulwama presented a detailed PowerPoint presentation, highlighting the district’s banking performance. The chair was apprised that Pulwama has recorded a year-on-year growth of 8.04% in deposits, while Advances and CD ratio grew by 8.10% and 0.05% respectively. The district’s CD ratio at the end of the 4th quarter stands at 108.50%, ranking among the highest in the Union Territory of Jammu & Kashmir.
During the review, Dr. Qayoom examined the sector-wise performance of banks against allocated targets and directed all concerned banking institutions to identify existing gaps across sectors and prepare a comprehensive strategy to address them during the current financial year.
Emphasising the importance of financial inclusion, DDC instructed the officers of line departments and banking institutions to ensure saturation of all Government Sponsored Schemes, with a particular focus on extending benefits to the marginalised and underprivileged sections of society.
He further directed all the stakeholders to improve priority sector lending in different Government sponsored schemes so that unemployed youth can attain self-sufficiency through various self-employed schemes of central and UT Govt.
DDC also called upon banks to actively leverage the ongoing Dharti Aaba Janjatiya Gram Utkarsh Abhiyan, to foster social inclusion and ensure the effective implementation of government schemes in tribal areas.
The progress under Smart Card distribution under Kisan Credit Card (KCC) scheme was also reviewed. DDC instructed the banking institutions to expedite the distribution of smart cards and achieve full saturation on priority.
“All departments and banks must work in close coordination to ensure that government schemes reach every eligible individual, with particular focus on achieving full saturation among marginalised, tribal, and other underprivileged communities, while also prioritising the economic empowerment of youth through access to financial and employment opportunities,” directed the DDC.
The meeting was attended by representatives from the Reserve Bank of India (RBI), Lead District Manager (J&K Bank), NABARD, Chief Planning officer, Pulwama; General Manager, DIC Pulwama; and other District officers from various line departments and District coordinators of various banks forming part of the committee framework.
