DC chairs DLRC; says Credit facilitation to be taken up on priority
ANANTNAG, NOVEMBER 25: The Deputy Commissioner (DC) Anantnag, Dr Piyush Singla today chaired the quarterly District Level Review Committee (DLRC) meeting with all leading banks of the district to review the progress credit lending and activities being taken up under RSETI.
The credit plan for the district was also reviewed at length on the occasion.
At the outset, Dr Singla announced that the block level task force setup by the District Administration had successfully identified 2000 unemployed youth after much deliberation. While the task forces received thousands of proposals for setting up self-employment initiatives, after thorough discussion, 2000 such proposals had been shortlisted.
He informed that the exercise was carried out under the ambit of Be-Rozgar Se Swarozgar initiative of the Govt. of UT of Jammu and Kashmir. He directed all the banks to ensure that the cases are vetted on a war footing basis and credit disbursed to the sanctioned cases without any delay.
Speaking on the occasion, Director RSETI, Anantnag informed the chair that 53 candidates have been trained by RSETI in the preceding months and of these, 28 have already established business units. With regard to financial literacy and credit counseling centers, since August, 3 permanent centers have been established in Sagam, Chittergul and Srigufwara and will spread financial awareness in the adjoining areas.
Lead District Manager informed the chair that bids have been invited to establish banking facilities at Kaprin, an unbanked area and the process will be concluded by 30th of November. He also informed the chair that the process is underway to extend banking facilities in Matigam Kokernag and Hassan Noor.
Dr Singla emphasized that the banks have to ensure lending particularly to beneficiaries of self employment schemes and banks must sensitize their branch functionaries about minimum requirements and hassle free flow of credit.
Further there were thorough deliberations on sponsored cases and disbursed cases. The DC reviewed the reasons for any difference between sponsored and sanctioned cases and passed strict directions to bank officials to increase vigil on subsidiary branches and ensure there is no denial of service on flimsy grounds.
The DC also fixed timelines for banks to complete target lending. He said that the lending by banks is one of the primary drivers of investment in the economy and as such lending, particularly towards self employment schemes, must be completed within fixed timelines
Reviewing lending to the agricultural sector, DC directed officials from the Agriculture department to organize a bank meet of farmers with bank officials and thorough discussion to create innovative products that cater to their needs.
The meeting was attended by CPO, CAHO, DSHO, various cluster heads, AD Employment, representatives from various government and private banks and other senior officials.
DC chairs DLRC; says Credit facilitation to be taken up on priority
ANANTNAG, NOVEMBER 25: The Deputy Commissioner (DC) Anantnag, Dr Piyush Singla today chaired the quarterly District Level Review Committee (DLRC) meeting with all leading banks of the district to review the progress credit lending and activities being taken up under RSETI.
The credit plan for the district was also reviewed at length on the occasion.
At the outset, Dr Singla announced that the block level task force setup by the District Administration had successfully identified 2000 unemployed youth after much deliberation. While the task forces received thousands of proposals for setting up self-employment initiatives, after thorough discussion, 2000 such proposals had been shortlisted.
He informed that the exercise was carried out under the ambit of Be-Rozgar Se Swarozgar initiative of the Govt. of UT of Jammu and Kashmir. He directed all the banks to ensure that the cases are vetted on a war footing basis and credit disbursed to the sanctioned cases without any delay.
Speaking on the occasion, Director RSETI, Anantnag informed the chair that 53 candidates have been trained by RSETI in the preceding months and of these, 28 have already established business units. With regard to financial literacy and credit counseling centers, since August, 3 permanent centers have been established in Sagam, Chittergul and Srigufwara and will spread financial awareness in the adjoining areas.
Lead District Manager informed the chair that bids have been invited to establish banking facilities at Kaprin, an unbanked area and the process will be concluded by 30th of November. He also informed the chair that the process is underway to extend banking facilities in Matigam Kokernag and Hassan Noor.
Dr Singla emphasized that the banks have to ensure lending particularly to beneficiaries of self employment schemes and banks must sensitize their branch functionaries about minimum requirements and hassle free flow of credit.
Further there were thorough deliberations on sponsored cases and disbursed cases. The DC reviewed the reasons for any difference between sponsored and sanctioned cases and passed strict directions to bank officials to increase vigil on subsidiary branches and ensure there is no denial of service on flimsy grounds.
The DC also fixed timelines for banks to complete target lending. He said that the lending by banks is one of the primary drivers of investment in the economy and as such lending, particularly towards self employment schemes, must be completed within fixed timelines
Reviewing lending to the agricultural sector, DC directed officials from the Agriculture department to organize a bank meet of farmers with bank officials and thorough discussion to create innovative products that cater to their needs.
The meeting was attended by CPO, CAHO, DSHO, various cluster heads, AD Employment, representatives from various government and private banks and other senior officials.