DH NEWS SERVICE
KULGAM , Sept 30
Additional District Development Commissioner (ADDC) Kulgam Altaf Ahmad Khan today chaired the District Level Review Committee (DLRC)-cum-District Consultative Committee (DCC) meeting in the VC Room, DC Office Complex to review the performance of banks for the quarter ending June 2025.
A detailed discussion was held on sector-wise lending in priority and non-priority sectors, bank-wise position of deposits and advances, and the progress of various financial inclusion schemes in the district.
While reviewing the Credit Deposit (CD) Ratio (90.60%) the ADDC appreciated the improvement made as compared to the national bench mark.
He emphasised that the flow of credit to priority sectors such as agriculture, renewable energy, social security schemes (PMSBY, PMJJBY and APY), Mission Yuwa housing and allied activities must be further enhanced to promote inclusive growth. In terms of financial inclusion, the ADDC directed all banks to submit weekly progress reports to the Lead District Manager (LDM), who will also conduct weekly reviews.
He called for launching an intensive campaign at the Gram Panchayat level, with specific targets set for the next six months to ensure a net increase in financial inclusion.
He stressed the need for better coordination between banks and line departments to resolve grievances, ensure timely case processing and extend maximum benefits to the public.
Highlighting the need to improve banking access in remote areas, he asked banks to explore possibilities for opening new bank branches/more BC points to in uncovered areas. The meeting was informed that YOY deposits in the district have increased from ?2463.16Cr to 2725.40Cr witnessing 10.64% increased while as advances have grown from ?2263.72Cr to 2470.81Cr witnessing a growth of 9.23%. The meeting was attended by Chief Planning Officer Malik Suheel, representatives from RBI, NABARD, LDM Kulgam Iftikhar Ah Padder, DSHO, CAO, CEO and other concerned officers.
