Contribute towards development under CSR: DC to banks

Calls for integrated linkage between district credits, development plans

GKNN
Srinagar, Publish Date: Aug 10 2018 12:56AM | Updated Date: Aug 10 2018 12:56AM
Contribute towards development under CSR: DC to banksGK Photo

District development commissioner (DDC), Syed Abid Rasheed Shah Thursday chaired a district level review committee (DLRC) meeting of Lead Bank Office here to review progress of banks during first quarter of ongoing financial year.

The meeting reviewed performance of banks in areas of deposits and advances besides reviewing sector-wise performance under the district credit plan 2018-19 and status of their achievements in area of implementation of various schemes.

The meeting was informed that under the credit plan Rs 504 crore has been disbursed under various schemes in priority sector, including Rs 329 core under MSME, Rs 100 crore in agriculture sector and Rs 57 crore under housing sector. Disbursements made in non-priority sector as on 30 June include Rs 1,305 crore.

It was informed that credit deposit ratio (CDR) in the district at end of the quarter ending 30 June stands at 51 percent which is 2 percent higher since previous quarter ending 30 March 2018, adding total deposits and advances during quarter include Rs 21281 and Rs 10766 crore respectively.

The DDC emphasised that banks must be positive and instrumental in credit dispensation and increase CDR to benchmark level fixed by RBI. He noted with satisfaction enhanced credit lending under agriculture sector but called on all banks to increase lending under education sector.

Shah called on Lead Bank to come up with a comprehensive plan for linking credit plan with district development plan to catalyze positive development. 

Smart City Limited officials present on the occasion called on all banks to support them and help make Srinagar Smart City project a success. Shah who is CEO of special purpose vehicle for Smart City Project impressed upon all banks to play their role as identified in the corporate social responsibility (CSR) and direct 2 percent of profits towards development of the district as mandated upon them under companies Acts.

Latest News

  1. Floral tribute paid to four policemen killed in Shopian militant attack
  2. Floral tribute paid to four policemen killed in Shopian militant attack
  1. Shaktikanta Das to be new RBI Governor
  2. Shaktikanta Das to be new RBI Governor
  1. 39 per cent voting recorded in final phase of Kashmir panchayat polls
  2. 39 per cent voting recorded in final phase of Kashmir panchayat polls
  1. Sachin Pilot: the pilot who helped drive Cong to victory in Rajasthan
  2. Sachin Pilot: the pilot who helped drive Cong to victory in Rajasthan
  1. Body of missing driver recovered in Rajouri
  2. Body of missing driver recovered in Rajouri
  1. Omar Abdullah condemns killing of cops in south Kashmir’s Shopian
  2. Omar Abdullah condemns killing of cops in south Kashmir’s Shopian
  1. Four cops killed after militants attack police post in south Kashmir’s Shopian
  2. Four cops killed after militants attack police post in south Kashmir’s Shopian
  1. 1984 riots: Delhi HC seeks police response to convict's plea
  2. 1984 riots: Delhi HC seeks police response to convict's plea
  1. Policeman critically injured in Shopian attack succumbs
  2. Policeman critically injured in Shopian attack succumbs
  1. Traffic resumes on Jammu-Srinagar highway
  2. Traffic resumes on Jammu-Srinagar highway
  1. Jaish claims Shopian attack that left four cops dead
  2. Jaish claims Shopian attack that left four cops dead
  1. BJP headquarters in Delhi look deserted, Congress workers celebrate at theirs
  2. BJP headquarters in Delhi look deserted, Congress workers celebrate at theirs
  1. PDP hits back at Karan Singh, says ‘we risked political interests to safeguard secular fabric of JK’
  2. PDP hits back at Karan Singh, says ‘we risked political interests to safeguard secular fabric of JK’
  1. India's role crucial for Afghan peace: Qureshi
  2. India's role crucial for Afghan peace: Qureshi
  1. Congress bags Chhattisgarh, TRS sweeps Telangana, suspense in MP
  2. Congress bags Chhattisgarh, TRS sweeps Telangana, suspense in MP
  1. CRPF bunker removed from Amira Kadal after three decades, locals heave a sigh of relief
  2. CRPF bunker removed from Amira Kadal after three decades, locals heave a sigh of relief
  1. Night temperature dips across Kashmir following rain and snow
  2. Night temperature dips across Kashmir following rain and snow
  1. Law exam question on Muslim man killing cow triggers row, Delhi govt orders inquiry
  2. Law exam question on Muslim man killing cow triggers row, Delhi govt orders inquiry
  1. National interest must prevail over party: Modi
  2. National interest must prevail over party: Modi
  1. Suicide bomber kills four security personnel near Afghan capital
  2. Suicide bomber kills four security personnel near Afghan capital
  1. Panchayat polls phase 9: Less than one per cent polling till 10 am in Pulwama
  2. Panchayat polls phase 9: Less than one per cent polling till 10 am in Pulwama
  1. Polls were fought on state govts' performance: Rajnath
  2. Polls were fought on state govts' performance: Rajnath
  1. Forces lay siege to Sopore village in north Kashmir
  2. Forces lay siege to Sopore village in north Kashmir
  1. Names, identities of victims of rape and sexual assault not to be disclosed: SC
  2. Names, identities of victims of rape and sexual assault not to be disclosed: SC
  1. Urjit Patel's resignation signals dangerous trend: AIBEA
  2. Urjit Patel's resignation signals dangerous trend: AIBEA
  1. Congress set for landslide win in Chhattisgarh
  2. Congress set for landslide win in Chhattisgarh
  1. Hajin shuts on third straight day to mourn militant killings
  2. Hajin shuts on third straight day to mourn militant killings
  1. Three non-local workers die of asphyxiation in south Kashmir's Kulgam
  2. Three non-local workers die of asphyxiation in south Kashmir's Kulgam
  1. Congress leads in three BJP-ruled states, TRS in Telangana
  2. Congress leads in three BJP-ruled states, TRS in Telangana
  1. Kulgam house owner found dead 46 days after his abduction
  2. Kulgam house owner found dead 46 days after his abduction
  1. Polling underway for final phase of panchayat polls in Jammu and Kashmir
  2. Polling underway for final phase of panchayat polls in Jammu and Kashmir
x
This site uses cookies to deliver our services and to show you relevant news and ads. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Service.That's Fine