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| Rs 181.63 Cr advanced to 7415 IG Units in district Srinagar | | | EARLY TIMES REPORT
SRINAGAR, Aug 18: A district level consultative committee regarding functioning of banks in districts in Srinagar was held here today under the chairmanship of Mehraj Ahmad Kakroo (DDC Srinagar), B.A Makhdoomi Joint Director (P), R. K. Meena, AGM (RBI), Des
Raj Jaryal AGM (NABARD), Tassduq Mohammad (LBO), heads of all line departments and district co-ordinators of all banks attended the meeting.
A review of achievements was made under Annual Action Plan of 2011-12 for the quarter ending June 2011 and other allied matters were deliberated upon, course of Lead District Manager M. A. Chuloo informed the house that an amount of Rs. 181.63 Crore to 7415 units under priority sector have been disbursed at the end of June 2011, recording 44% achievement in financial terms.
Rs.7.86 cr has been advanced to Agriculture, Rs 43.57 cr to small Enterprises, Rs, 5.14 Cr to Micro Credit, Rs, 2.24 Cr to Education and Rs, 122.82 Cr to Housing.
Out of above under all Govt. sponsored schemes financial institutions disbursed an amount of Rs. 6.10 Crore to 384 beneficiaries in the District, registering achievement of 9% unit wise & 9% in financial terms as on June 2011.
To ensure greater credit flow, the Banks should implement the policies framed by the Reserve Bank of India in to so that the dissemination of the credit is sped up. This will not only benefit the weaker sections of the society but will also help in overall growth of our economy.
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