Budgam, June 03: The 95th meeting of the District Level Review Committee (DLRC) and District Consultative Committee (DCC) was held Wednesday at the Conference Hall of the Deputy Commissioner’s Office, Budgam.
The meeting was chaired by the Additional Deputy Commissioner (ADC), Budgam, Mehraj-ud-Din Shah, and was convened by the Lead District Manager (LDM), Budgam, Mohammad Muzaffar.
The meeting was attended by the Chief Planning Officer (CPO), Budgam, Javed Ahmad Najar, Lead District Officer (LDO), Reserve Bank of India (RBI), Mandeep Kour, senior officers from various banks, and representatives of line departments.
During the meeting, a comprehensive review of the district’s banking and credit performance was undertaken. As per the progress report ending March 31, 2026, Budgam registered impressive year-on-year growth across key financial indicators.
Total deposits in the district increased by 16.10 percent, rising from ₹4,910.98 crore to ₹5,701.79 crore, while total advances recorded a growth of 7.99 percent, increasing from ₹5,241.29 crore to ₹5,660.33 crore. The district achieved a robust Credit-Deposit (CD) Ratio of 99.27 percent, reflecting strong credit flow and financial inclusion across sectors.
Under the Annual District Credit Plan (ADCP) 2025-26, the district surpassed its targets by achieving a total credit disbursement of ₹4,017.66 crore, representing 109.54 percent of the annual target. Of this, ₹2,458.34 crore was disbursed under the Priority Sector, achieving 108.63 percent of the target, while ₹1,559.33 crore was disbursed under the Non-Priority Sector, registering an achievement of 111.00 percent.
Chairing the meeting, ADC Budgam Mehraj-ud-Din Shah appreciated the coordinated efforts of banks and stakeholder departments in achieving and exceeding the district’s credit targets. He emphasized the need to further strengthen financial outreach, promote entrepreneurship, and ensure timely credit support to priority sectors for sustained economic growth and inclusive development.
The meeting concluded with the formal launch of the Annual District Credit Plan (ADCP) 2026-27, marking a renewed commitment towards enhancing credit delivery, fostering economic activities, and accelerating the overall development of the district.
