DC Shopian Reviews Q4 Financial Performance, Calls for Improved Disbursal Under Government Schemes
Shopian, June 11 (PTK): Deputy Commissioner (DC) Shopian, Shishir Gupta, on Wednesday chaired the District Level Review Committee (DLRC) cum District Consultative Committee (DCC) meeting at the District Administrative Complex to review the performance of banks and financial institutions for the fourth quarter ending March 31, 2026, of the financial year 2025-26.
The meeting assessed the overall banking performance, credit flow and implementation of various government-sponsored schemes across the district.
During the meeting, Lead District Manager (LDM) Farooq Ahmad Dar presented a detailed review of the district’s financial achievements and banking indicators as of March 31, 2026.
He informed that total deposits in the district registered an 11 percent year-on-year growth and a 7 percent increase compared to the previous quarter ending December 31, 2025. Advances recorded a 17 percent year-on-year growth and a 4 percent increase on a quarter-on-quarter basis.
The meeting was informed that advances under the Priority Sector witnessed a significant growth of 26 percent year-on-year and 5 percent growth compared to the previous quarter, while the Non-Priority Sector registered a 4 percent year-on-year increase and a 1 percent rise over the previous quarter.
Officials further informed that the Credit-Deposit (CD) Ratio of District Shopian stood at an impressive 122 percent as on March 31, 2026.
Reviewing the implementation of the District Credit Plan (DCP) 2025-26, it was informed that against a financial target of ₹2507.45 crore and a physical target of 54,369 beneficiaries, various banks operating in the district disbursed ₹2157.98 crore among 65,348 beneficiaries during the financial year.
With these achievements, the district successfully attained 86 percent of its financial target and 120 percent of its physical target, reflecting strong banking outreach and credit support to beneficiaries.
Addressing the meeting, the Deputy Commissioner stressed the importance of increasing credit flow towards priority sectors, particularly social infrastructure, renewable energy, agriculture and allied sectors, to ensure sustainable economic growth and achieve full realization of targets under the District Credit Plan.
He directed banks to ensure the timely sanctioning and disbursal of sponsorship cases under various flagship government schemes, especially those aimed at promoting self-employment, entrepreneurship and agriculture-related activities.
The DC expressed concern over delays in sanctioning and releasing financial assistance to eligible beneficiaries and instructed financial institutions to streamline the process for faster delivery of benefits.
He also emphasized the need to enhance outreach under self-employment and livelihood generation programmes to ensure that more youth and aspiring entrepreneurs benefit from available financial assistance schemes.
The meeting was attended by General Manager DIC Shurjil Naik, RBI Lead District Officer Anoop Kumar Sharma, Lead District Manager J&K Bank Farooq Ahmad Dar, District Information Officer, Chief Planning Officer, district and sectoral officers of various departments, besides representatives of banks and financial institutions.(PTK)
