Mandi DC urges banks to speed up credit flow, improve CD ratio

Mandi Deputy Commissioner Apoorv Devgan has stressed the need for banks to adopt a faster and more results-oriented approach to improve the district’s overall financial inclusion, progress under the Annual Credit Plan and the Credit-Deposit (CD) ratio. Chairing the district level review committee (DLRC) meeting at the DRDA conference hall here on Saturday, he directed banks to intensify loan disbursement activities in rural areas and to formulate a solid strategy to achieve the targeted CD ratio in the upcoming quarter.

He said special focus must be given to providing credit for agriculture, animal husbandry, entrepreneurship and self-help groups, so the rural economy can gain momentum. The DC also instructed banks to expedite the disposal of pending cases and enhance direct communication with beneficiaries.

Highlighting the importance of expanding social security coverage, the DC said schemes such as the Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Atal Pension Yojana (APY) must be promoted. Banks should not treat these schemes merely as routine responsibilities but must ensure sensitively that their benefits reach the maximum number of people. He added that these low-premium schemes act as a crucial support system for families during emergencies and therefore must be prioritised.

Expressing concern over inaccurate financial data submitted for quarterly reviews, the DC directed banks to ensure correctness in reporting. Discrepancies must be resolved promptly at both branch and district levels, he said, as such errors undermine the credibility of banking institutions.

Appreciating the RSETI’s beekeeping training programme conducted under Madhu Mandav in the Seraj region, the DC said such initiatives create new avenues for skill development and self-employment for rural youth and women. He directed officials to link trained beneficiaries with relevant departments and banks to facilitate credit support, enabling them to establish enterprises and secure sustainable income sources.