Pulwama posts 6.44% deposit growth, 9.12% advances; CD ratio climbs to 110.81%

Pulwama, Sep 30: District Development Commissioner (DDC) Pulwama, Dr Basharat Qayoom, chaired the District Level Review Committee (DLRC) meeting for the first quarter of FY 2025–26 to review the performance of banks and line departments on key financial and developmental indicators.

The Lead District Manager (LDM) reported that Pulwama recorded 6.44% year-on-year growth in deposits, 9.12% in advances, and a 2.52% rise in the Credit–Deposit ratio, which now stands at 110.81%, among the highest in J&K.

The meeting placed strong focus on the implementation of social security schemes including PMJDY, PMJJBY, PMSBY, and APY. The DDC directed banks to speed up enrolments, hold awareness camps at block and panchayat levels, and ensure saturation in a time-bound manner.

Progress under Mission YUVA, NRLM, RSETI skill development programmes, and Kisan Credit Card (KCC) financing was also reviewed. Dr Qayoom urged banks to reduce pendency in disbursal of credit and to strengthen priority sector lending for the economic empowerment of youth and unemployed beneficiaries.

“All banks and departments must work in close coordination to ensure government schemes reach every eligible person. Special focus should be laid on empowering youth through greater access to credit and employment opportunities,” he said.

The meeting was attended by officials from the RBI, General Manager DIC Pulwama, LDM Pulwama (J&K Bank), district officers, and representatives of banks forming part of the committee framework.