The District Level Review Committee (DLRC) and District Consultative Committee (DCC) meeting for Kulgam district was convened today under the chairmanship of Deputy Commissioner (DC) Kulgam, Athar Aamir Khan. The meeting reviewed the performance of banks and line departments for the quarters ending June 30 and September 30, 2024, under the Annual Credit Plan (ACP) and various government schemes.
Lead District Manager (LDM), Parvez Rashid, provided a detailed overview, revealing that as of September 30, 2024, bank deposits in the district stood at Rs. 2541.67 crore, reflecting a growth of 13.12% over the previous year. Advances amounted to Rs. 2324.98 crore, showing a 6.28% growth over the same period. The Credit-Deposit Ratio (CDR) of the district was 91.47%, significantly higher than the national benchmark of 60%.
Under the District Annual Credit Plan (2024-25), which targets Rs. 1937 crore, banks disbursed Rs. 825.53 crore to 31,775 beneficiaries during Q2, achieving 43% of the ACP target. The DC urged banks to expedite credit disbursements, particularly in sectors such as agriculture, MSMEs, farm mechanization, education, housing, and renewable energy.
The LDM also highlighted achievements under various government schemes, such as the Prime Minister’s Employment Generation Programme (PMEGP), Artisans/Weavers Credit Card, and PM Weavers Mudra Scheme. In addition, 317 vehicles have been provided under the Mumkin Scheme, 29 cases disbursed under Tejaswini, and 47 cases under the Spurring initiative.
The DC emphasized the importance of timely and effective implementation of government-sponsored schemes like PMEGP, REGP, NRLM, and NULM, which promote self-employment opportunities in the district. He also urged banks to expedite the processing of applications and called on line departments to ensure comprehensive coverage under social security schemes such as the Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and Atal Pension Yojana (APY).