To review the performance of financial institutions and line departments for the 2nd quarter ended 30th September, 2021 of FY 2021-22, J&K Bank conducted the District Level Review Committee (DLRC) cum District Consultative Committee (DCC) meeting of District Shopian at the District Administrative Complex Shopian. District Development Commissioner Shopian Sachin Kumar Vaishya (IAS) chaired the meeting that was attended by DDM NABARD, District level officers of various Government Departments and bankers.

Appraising the house about the main achievements of the district as of 30th September 2021, Lead District Manager (LDM) Shopian Ghulam Rasool Dar said that against the financial target of Rs 1736.63 Cr and physical targets of 31385 beneficiaries under DCP 2021-22, the banks have disbursed Rs 731.26 Crores to 20526 beneficiaries during the 2nd quarter of financial year, thereby achieving 42% of the financial targets and 65% of the physical targets.

He further said that the priority sector advances of the district have increased to Rs 1420.82 Cr as on September 30, 2021 from Rs 1167.95 Cr as on September 30, 2020 thereby registering a growth of 21.65% on YoY basis, while as, the non-priority sector advances of the district witnessed a growth of 46.32% on YoY basis by increasing from Rs 274.01 Cr to Rs 400.94 Cr recorded on September 30, 2021.

While reviewing the performance of Banks, the DDC Shopian advised banks to achieve the targets in priority sector advances besides conducting more & more awareness camps so that more people are benefitted under various social security schemes. He emphasized that the benefit of government sponsored schemes should reach to the deserving and efforts should be made to cover all the educated unemployed youth of the district.

Meanwhile, the deposits of the district increased to Rs 1137.05 Cr from Rs 1131.03 Cr as on September 30, 2020 thereby registering a growth of 0.54% on YoY basis, while as the advances of the district have increased 17.11% on YoY basis from Rs. 1555.48 Cr recorded last year to Rs. 1821.76 Cr as on September 30, 2021.

Notably the CD Ratio of District Shopian stood at 160% as on September 30, 2021.