|Early Times Report|
JAMMU, Feb 7: J&K Bank convened 109th meeting of J&K State Level Bankers' Committee (SLBC) here today which was presided over by the Chief Secretary B V R Subrahmanyam.
The meeting was also attended by Principal Secretary, Housing & Urban Development, Dheeraj Gupta, Financial Commissioner Revenue Dr. Pawan Kotwal, Principal Secretary Finance, Navin Kumar Chaudhary ,Principal Secretary Industries & Commerce, Shaleen Kabra ,Principal Secretary Animal Husbandry Dr. Asgar Hassan Samoon ,Regional Director, RBI Thomas Mathew, Chief General Manager, NABARD P. Balachandran, Divisional Commissioner, Jammu Sanjeev Verma, Deputy Commissioners of Jammu, Reasi, Samba & Udhampur and other senior functionaries of the State Government, banks, NABARD, Insurance Companies & BSNL. The Deputy Commissioners of Bandipora, Ganderbal, Kupwara & Pulwama joined the meeting through Video Conference.
Expressing concern over poor lending in the agriculture, MSME and housing sectors in some districts, the Chief Secretary B V R Subrahmanyam said "The Government is committed to uplift the economic profile of farmers and artisans with improved flow of credit and the numbers presented in the Priority Sector especially Agriculture, MSME and Housing Loan segments are not in sync with the stated objective. We need to introspect, track down the obstacles and find out the reasons for putting up a dismal show. Banks should push up their efforts aggressively and work in coordination with District administration for realization of goals."He directed the convener bank to undertake a micro analysis at the district level to understand the problems and bottlenecks in the flow of credit and take corrective action. He also underscored the urgency to improve the penetration of the formal lending to micro and small enterprises by mapping the constituents especially in Jammu and Srinagar.
Earlier, J&K Bank Chairman and CEO (Convener J&K SLBC) Parvez Ahmed in his welcome address expressed gratitude to the Chief Secretary for his consent to preside over this meeting to guide the house with his enlightened thoughts and erudite comments. He apprised the house that the as per the directions of the Chief Secretary in the 108th SLBC, the data has been captured from the SLBC portal which has been made available to all the stakeholders to access and upload their data online. Besides to promote decision making and facilitate comprehensive deliberations, the SLBC as per the directives of the Chief Secretary will be running a Power Point Presentation to direct the focus of the house on the major issues associated with the Agenda which has already been circulated.
During the meeting House also constituted a sub-committee to analyze, approve and roll out Annual Credit Plan for FY 2019-20 for J&K State.