Share your story and shine at JK Monitor!š Welcome to JK Monitor, where every story matters and every achievement is celebrated! We invite you to share the remarkable journey of your life and showcase your accomplishments to the world. Join our exclusive interviews that honor exceptional individuals just like you. POONCH: District Development Commissioner (DDC) Poonch, Vikas Kundal chaired a DLRC & DCC meeting to review the performance of banks under the Annual Credit Plan (ACP) for the financial year 2024-25 and assess government-sponsored cases for the April to June quarter.
Lead District Manager (LDM) Poonch, Ashutosh Raj Koul, presented the performance report. He informed the committee that banks operating in the district had disbursed a total of ā¹265.02 crore under the ACP against an annual target of ā¹725.02 crore, achieving 37% of the target. Of this, ā¹91.44 crore was disbursed in the priority sector, achieving 16% of the target against an annual goal of ā¹571.10 crore. Meanwhile, ā¹173.58 crore was disbursed in the non-priority sector, exceeding the target of ā¹153.91 crore by achieving 113%.
The committee was also informed that the total deposits and advances in the district stood at ā¹3,848.73 crore and ā¹2,089.96 crore, respectively, as of June 30, 2024, compared to ā¹3,574.41 crore and ā¹1,837.59 crore during the same period last year. This marks a year-on-year (YoY) growth of 7.67% in deposits and 13.73% in advances. The Credit-Deposit (CD) Ratio of the district also improved to 54.30% as of June 30, 2024, up from 51.41% in the corresponding period of 2023, reflecting a YoY growth of 5.62%.
DDC Poonch and Chairman DLRC, Vikas Kundal urged all stakeholders, including officials from the banking sector, agriculture, horticulture, livestock, handicrafts, and other government departments, to foster an environment that encourages youth to explore opportunities beyond government jobs. "To address the challenge of employment generation, we must strengthen avenues for gainful self-employment and support entrepreneurial aspirations through various credit facilities," he said.
The Chairman also stressed the importance of enhancing performance under priority sector lending and directed all participants to ensure that results are tangible on the ground. He emphasized the need for empathy and proactive guidance in helping unemployed youth access credit opportunities, paving the way for self-sufficiency and prosperity.
The meeting was attended by key officials, including Navjot Singh, Lead District Officer, Reserve Bank of India; Chander, District Development Manager, NABARD; Sanjeev Kumar, Chief Horticulture Officer, Poonch; Dr. Tariq Hussain, Livestock Development Officer, Poonch; Dr. Mohd Shafiq, Sheep Husbandry Officer, Poonch; and Bharat Singh Nag, Project Officer, DUDA Poonch.
