DODA: A meeting of the District Level Review Committee (DLRC) and District Consultative Committee (DCC) was held at the DC Office Doda the other day to review performance of banks for the quarter ending December 2024.
The meeting was chaired by Deputy Commissioner (DC) Harvinder Singh and attended by the Chief Planning Officer (CPO), ACD, Lead District Manager (LDM), representatives from the Reserve Bank of India (RBI), and officials from different financial institutions and government departments. The meeting was convened by the Lead Bank Office, State Bank of India (SBI).
The focus of the meeting was to review banking performance, financial inclusion, and credit disbursement in the district. Officials presented the progress of banks under the Annual Credit Plan for 2024-25 including deposit growth, advances and the Credit-Deposit (CD) ratio. The DC directed banks to increase credit flow, especially to priority sectors and weaker sections of society. A significant focus was on the status of loan disbursement to beneficiaries under self-employment and entrepreneurship schemes, including Mission Youth.
The DC reviewed the implementation of government-sponsored self-employment schemes, such as PMEGP, Kisan Credit Card (KCC) for farmers, Stand-Up India, PMFME, Mudra loans, and financial support to Self-Help Groups (SHGs). He asked financial institutions to speed up loan disbursements to Business, agriculture and allied sectors to push economic growth. The DC instructed the LDM to set up a help desk at the Chief Education Office to assist students with the education loan.
The meeting also discussed housing loan disbursements and the chair asked banks to make the process easier for people to access financial assistance. The availability of the loan under the PM Muft Bijli Yojana was also discussed with JK Bank, SBI, and Punjab National Bank (PNB). The status of gold loan disbursements was reviewed, and banks were urged to improve their lending performance in all areas.
