Sunday, Aug 14 2022 | Time 17:44 Hrs(IST)
Business Economy

Instructions given to banks to improve deposit credit ratio

Dharamshala, July 2 (UNI) Additional Deputy Commissioner Gandharwa Rathod has directed all the banks to take effective steps to improve the credit-deposit ratio, along with it has also been asked to show sensitivity towards consumers.
Giving instructions, the Additional Deputy Commissioner said that maximum loans should be provided in the agriculture sector. He said that some private banks working in the district are taking only deposits while they have a lot of money deposited with the government departments of the district. He told all these private banks that these banks should also provide loan facilities to the people as soon as possible.
Presiding over the quarterly meeting of the District Level Review Committee of the banks of district Kangra in the auditorium of DRDA on Saturday, Additional Deputy Commissioner Gandharva Rathore also directed all the banks to complete the set targets in a time bound manner, along with providing loans to the people of government schemes. Instructions were also given to get it done.
On this occasion, Amarendra Kumar, Divisional Head, Punjab National Bank Dharamshala informed that banks of Kangra district have disbursed Rs.4622 crore under Annual Loan Scheme 2021-22, March quarter 2022 against Rs.5760 crore. He said that in district Kangra, people have deposits of Rs 33750 crore with various banks and till March 2022, all the banks of the district have given loans worth Rs 8042 crore to the people. Along with this, the Annual Loan Plan Book for the financial year 2022-23 has been released. A target has been set to disburse 6432 crore loans to all the banks of district Kangra in the financial year 2022-23.
On this occasion, the campaign launched to connect the farmers under Pradhan Mantri Kisan Samman Nidhi Yojana with KCC/PMSBY/PMJJBY/APY was reviewed.
On this occasion, DDM NABARD provided detailed information about One District One Product and Agriculture Infrastructure Fund in the FPO scheme.
District Lead Chief Manager Kuldeep Kumar Kaushal encouraged the Chief Managers to do more and more loans under the Prime Minister's Self Fund Scheme for self-help and small street vendors and street vendors. Yash Verma, L.D.O. from Reserve Bank of India. Expressed concern over the condition of the agriculture sector and priority sector and stressed on giving more and more credit in these areas and increasing the income of farmers.
Chief Leading District Manager Kuldeep Kumar Kaushal conducted the meeting. In the meeting, Divisional Head of Dharamshala Circle of Punjab National Bank Amarendra Kumar, Arun Khanna DDM NABARD, Yash Verma from Reserve Bank of India, LDO, Project Officer from District Rural Development Agency, Sonu Goyal, Rajesh Kumar, GM DIC and all Coordinators of major banks and district level officers and representatives of various government departments were present.
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