STATE TIMES NEWS
SRINAGAR: To review the performance of Banks under Annual Credit Plan (ACP 2022-23) for the April-June quarter, J&K Bank on Thursday convened District Level Review Committee (DLRC) and DDC meetings.
District Development Commissioner (DDC) Shopian, Sachin Kumar Vaishya chaired the meeting.
Lead District Manager (LDM) Shopian, Farooq Ahmad Bhat informed the house that the Banks operating in the district have disbursed Rs 262.05 Cr to 8565 beneficiaries during the 1st quarter of financial year against the financial target of Rs 1910.41 Cr and physical targets of 32019 beneficiaries under DCP 2022-23.
He informed that the banks have made total credit disbursement of Rs 1408.31 Cr as on June 30, 2021 to Rs.1383.87 crore as on June 30, 2022 and in the Non priority sector lending has increased from Rs 255.79 Cr as on June 30, 2021 to Rs 391.30 Cr as on June 30, 2022 thereby achieving a growth of 52.97% on YOY. The deposits of the district have increased from Rs 1260.12Cr to Rs 1419.50 Cr by the end of Ist quarter.
