MARCH 6:A meeting of the District Level Review Committee (DLRC) was convened today under the chairmanship of Deputy Commissioner Sachin Kumar Vaishya, to review the performance of banks and financial institutions in Jammu district. The meeting, held on March 5, 2025, focused on improving financial inclusion, credit disbursement, and enhancing the availability of loans for priority sectors, especially agriculture.
During the meeting, an improvement in the Credit Deposit Ratio (CDR) over the past quarter was noted, indicating a positive trend in credit mobilization. However, Deputy Commissioner Vaishya emphasized the need for further enhancement of priority sector lending, urging the banks to expedite the sanctioning and disbursal of loans, particularly for government-sponsored schemes.
The DC specifically underlined the importance of increasing lending in the agriculture sector, which plays a crucial role in the local economy. He urged financial institutions to ensure adequate financial support for farmers and agricultural activities, with the goal of improving their livelihoods and productivity. The DC also stressed that lending to the agriculture sector should be expanded to help farmers access timely credit for cultivation, equipment, and technology.
A special emphasis was placed on the PM Surya Ghar Muft Bijli Yojana, a scheme that provides free electricity connections to eligible households. The DC directed banks to organize special camps for raising awareness and financing beneficiaries under this initiative. These camps would help ensure that the benefits of the scheme reach the intended population in a timely and efficient manner.
Additionally, the DC called for greater coverage under social security schemes, including the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY). He encouraged financial institutions to increase awareness of these schemes and make them accessible to a larger number of citizens, particularly those in rural areas, so that more families could benefit from affordable life insurance and accident coverage.
The meeting was attended by key officials, including Additional District Development Commissioner Sher Singh, Lead District Manager Romesh Chander, Chief Planning Officer Uttam Singh, and representatives from various banks and government departments. On the occasion, the Potential Credit Plan for the district for the year 2025-26, prepared by NABARD, was also released. The release ceremony was attended by Director Information Nitish Rajora, AGM NABARD Jammu Sonika Rana, and Manager RBI Jammu Anil Kumar, among others.
Overall, the meeting was a step towards ensuring greater financial inclusion, improving access to credit, and fostering economic growth in Jammu district.
 was convened today under the chairmanship of Deputy Commissioner Sachin Kumar Vaishya, to review the performance of banks and financial institutions in Jammu district){kind=link}