The meeting reviewed the flow of GLC, performance of banks in key areas relating to deposits, advances under priority sector, lending for the quarter ended June 2014.
Dr. Shahid Iqbal Chaudhary had a thread bare review of Annual Credit Plan, CD ratio with regard to the Self Employments schemes under JKSES /SC-ST-OBC / KVIB / KVIC / DIC / SJSRY / Handloom / Handicraft, with special emphasis on KCC & financial inclusion.
He advised all banks and agricultural department to complete the 100% coverage of farmers under KCC. He emphasized upon the banks to expedite cases for linkage under various schemes and achieve the allocated targets for 2014-15. Under Jan Dhan Yojana, he desired that all the accounts should be opened on priority as it is the major thrust of Government of India.
Er. Narinder Singh Bali, ADDC, Kathua appreciated that the district has achieved the minimum CD ratio of 40% which currently stands at 40.49%. He desired that RBI stipulation of 60% should be the new benchmark of CD ratio in the district. He impressed upon the banks & line department, to ensure effective coordination in their working, so as to achieve desired results. He emphasized on the need for holding awareness camps for off-take of credit in the district.