ADC directs banks to offer maximum financial assistance to weaker sections for socio-economic growth

Jalandhar News: Additional Deputy Commissioner (General) Aparna MB on Thursday asked the banking institutions to provide maximum financial assistance to the weaker sections under various welfare schemes so that the mission of socio-economic growth can be achieved in the district.

Chairing a quarterly meeting of the District Consultative Committee and District Level Review Committee of the banks here at the local District administrative complex, the Additional Deputy Commissioner directed the banks to lend maximum support to priority sectors in terms of Agriculture & allied sectors, MSME and others.  

She asked the banks to ensure there must be zero pendency of applications with the banks with respect to various financial schemes. She asked the banks to accord top priority to these sectors so as to meet the targets set by the government for them. She said that these schemes have been formalized to aliviate poverty level by providing maximum financial opportunities.

The Additional Deputy Commissioner asked the banking institutions to lay special thrust on the wellbeing of the poor and needy strata of society as a part of their social responsibility. She said that the banks could extend a helping hand to the needy people through such schemes and loans.

He said that the basic aim of these government-sponsored schemes/ loans was to give a chance to the needy strata of the society to live a life of dignity and pride.

She also asked the officials to create awareness about various schemes among the people so they can take benefit of these schemes.

Reviewing the progress of banking sector in the district during recent quarter, the ADC said that the banks in the district have achieved a performance of 141.51 percent under annual credit plan by providing advances worth Rs. 21, 405 crore against the target of Rs. 15,126 croee to priority sectors. This included loans to agriculture and allied sector worth Rs. 3596 crore, MSME sector Rs. 9294 crore, other priority sector Rs. 475 crore, total priority sector Rs. 13365 crore, and non priority sector Rs. 8040 crore. Performance of banking sector under NABARD sponsored schemes, schemes related to dairy department, fishries, agriculture department, Punjab SC and Land Development Corporation, Aajivika Mission, Horticulture Department, besides others schemes.The officials from RUDSET also presented the annual report of the institute.

Prominent amongst others present on the occasion included LDM MS Moti, DM NABARD Rajat Chabra, and Sanjiv Kumar Chauchan from Rudseti, representatives of over 35 banks. Earlier, the ADC also issued potential linked annual credit plan by NABARD.