Focus on financial inclusion and infrastructure expansion
DH NEWS SERVICE
PULWAMA, Apr 10
To assess the performance of banks and line departments under various financial and developmental parameters, a District Level Review Committee (DLRC) meeting for the third quarter of the financial year 2024-25 was held today at Circuit House Pulwama under the chairmanship of District Development Commissioner (DDC) Pulwama, Dr. Basharat Qayoom.
At the outset, the Lead District Manager Pulwama presented a detailed report through a PowerPoint presentation, highlighting the district’s banking performance.
The chair was apprised that Pulwama has recorded a year-on-year growth of 6.32% in deposits, while advances and CD ratio grew by 9.49% and 2.98% respectively. The district’s CD ratio stands at 110.65%, ranking among the highest in the Union Territory of Jammu & Kashmir.
During the review, Dr. Basharat 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.
Emphasizing the importance of financial inclusion, the 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.
Banks were also directed to augment the ATM infrastructure across the district to ensure equitable access to financial services for the entire population.
On the issue of NPA management, banks, particularly the ED Bank were directed to take prompt corrective measures and prioritize efforts to reduce the burden of Non-Performing Assets in the district.
The progress under Smart Card distribution under Kisan Credit Card (KCC) Scheme was also reviewed. The DDC instructed the banking institutions to expedite the distribution of smart cards and achieve full saturation on priority.
As part of the proceedings, the Potential Linked Credit Plan for the financial year 2025–26 was formally launched, outlining sectoral credit potential and investment opportunities.
The meeting concluded with an emphasis on collaborative efforts between banks and government departments to drive inclusive growth, improve financial service delivery and enhance credit outreach in the district of Pulwama.
The meeting was attended by representatives from the Reserve Bank of India (RBI), Lead District Manager (J&K Bank), other banks operational in district and Director RSETI and officers from various line departments, forming part of the committee framework.
