Additional District Development Commissioner (ADDC) Leh, Sonam Nurboo chaired the District Level Review Committee (DLRC) and District Consultative Committee (DCC) meeting for the quarter ending March 2025, held on June 9 at the DC Office Conference Hall, Leh.

The meeting, convened by Lead Bank Chief Manager Stanzin Dolkar, included a comprehensive review of the banking sector’s performance. She presented the quarterly banking report, highlighting key indicators such as the Credit-Deposit (CD) ratio, priority sector lending, and overall credit flow in the district.

As of March 2025, total bank deposits stood at ₹6687.78 crore, up from ₹6358.60 crore in December 2024. Total advances were ₹3086.94 crore, resulting in an improved CD ratio of 46.16%, a rise from 43.93% in the previous quarter. The credit growth for the quarter was ₹206.12 crore.

Expressing concern over the low CD ratio—below 40%—in banks such as BOB, BOM, J&K Bank, ICICI, HDFC, Axis Bank, Yes Bank, IndusInd Bank, Bandhan Bank, and JKSCB, the ADDC directed the respective institutions to provide reasons and concrete strategies for improvement in the upcoming quarter.

The meeting also reviewed bank-wise and sector-wise performance under both Priority and Non-Priority sectors, covering agriculture, education, housing, and social infrastructure. Detailed discussions were held on various government-sponsored schemes including, PMEGP, KCC, MUDRA, Stand-Up India, PM Vishwakarma, PM SVANidhi, NULM, NRLM, PMFME, Weaver Mudra Scheme, Vibrant Villages Programme and Social security schemes like PMJJBY, PMSBY, and APY

District officers provided updates on the progress and implementation challenges of these schemes. The ADDC stressed the need for regular monitoring and stronger coordination between banks and departments to ensure smoother access for beneficiaries. He also emphasized the importance of widespread public awareness on financial schemes and services.

Kifayat Hussain, Senior Manager of Crisil Foundation, presented the ongoing work under the RBI- and NABARD-funded Moneywise CFL Project. He urged all banks and line departments to coordinate with CFL teams to conduct financial literacy camps and broaden the reach of financial inclusion.

The ADDC instructed all concerned departments to submit detailed progress reports ahead of the next DLRC/DCC meeting and directed stakeholders to ensure effective implementation of financial initiatives aimed at boosting economic growth and inclusion in the district.

The meeting was attended by senior officials from RBI, NABARD, CRISIL, DIC, Agriculture, Horticulture, Animal and Sheep Husbandry Departments, Municipal Committee Leh, NRLM, and representatives from major banks including SBI, PNB, Canara Bank, Union Bank, J&K Bank, JK Grameen Bank, IDBI, HDFC, and others.