 EARLY TIMES REPORT
JAMMU, Feb16: Banks operating in J&K State have extended credit aggregating Rs 3,791.82 Crores to 2,64,839 beneficiaries in the first nine months of the current financial year against annual target of Rs.6,094.50 Crore to 3,54,302 beneficiaries under Priority Sector registering achievement of 62%.
J&K Bank alone has disbursed Rs 2,399.12 Crore against annual target of Rs 3,123.22 Crore achieving 77% of the annual target under ACP.
This was revealed by Mushtaq Ahmad, Chair-man & CEO, J&K Bank (Convenor J&K SLBC), who presided over the 88th meeting of J&K State Level Bankers' Committee (SLB-C) today at Jammu.
The meeting was attended by the Commissioner/ Secretary Industries & Commerce Shantmanu, Commissioner/ Secretary Labour and Employment Yedullah, Commissioner / Secretary Rural Develop-ment, F. A. Peer, Chief General Manager, NABA-RD S.C. Rabra, other senior officers of banks, Reserve Bank of India, NABARD, State Government Depar-tments and developmental agencies.
The Chairman & CEO, J&K Bank, Mushtaq Ahm-ad, while reviewing sector-wise performance of banks stated that under Agricu-lture sector banks have extended credit facilities aggregating Rs.1,425.55 Cr-ore to 1,80,573 beneficiaries upto the end of December 31, 2012 against the target of Rs.1,771.85 Crore favou-ring 2,10,675 beneficiaries, registering achievement of 80% in financial terms and 86% in physical terms.
Under Micro & Small Enterprises Sector banks have disbursed credit aggregating to Rs.1,346.12 Crore in favour of 38,547 beneficiaries against the annual ACP target of Rs.2,147.61 Crore favouring 71,728 beneficiaries, thus registering an achievement of 63% in financial and 54% in physical terms.
Under Micro Credit Sector banks have disbursed credit aggregating to Rs.255.29 Crore in favour of 16,348 beneficiaries against the annual ACP target of Rs.777.46 Crore for 40,845 beneficiaries, registering an achievement of 33% in financial 40% in physical terms.
Under Education Sector banks have provided a credit of Rs.58.82 Crore in favour of 3,656 beneficiaries against the annual ACP target of Rs.208.10 Crore for 6,447 beneficiaries, registering an achievement of 28% in financial and 57% in physical terms.
Under Housing Sector banks have provided credit amounting to Rs.706.04 Crore in favour of 25,715 beneficiaries against the annual ACP target of Rs.1,189.47 Crore for 24,607 beneficiaries, recording an achievement of 59% in financial terms and 104% in physical terms. |
