Early Times Report
RAJOURI, Aug 14: To review the credit flow in the core sectors in the last two quarters, District Development Commissioner, Mohammad Nazir Sheikh on Friday convened a joint meeting of bankers and sponsoring agencies, here. A detailed discussion was held in the meeting on various points including position of CD Ratio in the district, number of financial literacy programmes conducted by the rural branches, initiatives for providing credit plus activities by the banks, performance of banks under Credit Annual Plan, progress under KCC scheme, progress under Joint Liability groups, PM Kisan,self help groups etc. The meeting was informed that the CD ratio for quarter ending 2020 was 38.06% and for quarter ending June,2020 the CD ratio was 36.86%.
The banks including JK Bank, JKG Bank and JCC Bank conducted 144 financial literacy camps in the quarter ending March 2020 and 50 in the quarter ending June 2020 where 4700 persons participated.
Regarding training of candidates to manage business, it was informed that 350 candidates were provided training by Rural Self Employment Training Institute (RSETI) during the quarters of financial year 2019-20 of which 203 were linked with banks and 150 self financed. While taking review of ground level flow under district credit plan, Rs 1006.83 core was pumped in housing, agriculture, education, micro and small enterprises renewable energy and personal loans till March 31,2020. While taking note of progress under the KCC scheme, it was informed that 59147 cases have been sanctioned and 45105 have been disbursed as of June, 2020.
Similarly under PMEGP scheme, 81 cases have been sanctioned and 53 cases have been disbursed as on March 2020. Regarding progress under NULM scheme, it was informed that 83 cases have been sanctioned and 39 disbursed as on March, 2020.
Similarly the progress under other schemes was also reviewed in depth.