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Addressing a special meeting of J&K state level bankers’ committee (J&K SLBC) at SKICC, Reserve Bank of India (RBI) Governor D Subba Rao fixed a target of achieving 4 percent growth in credit deposit (CD) ratio across the state and across the banks during 2013-14.
According to the fresh target the present percentage would rise from 36 percent to 40 percent by end of March 2014.
The governor also fixed target for launch of Electronic Benefit Transfer (EBT) for the banks and stressed on achieving targets in full fixed for providing Kissan Credit Cards to the farmers.
He stressed on the need for prompt flow of credit proposals from DICs and regular and involvement of banks in skills development programme launched by the State Government be active and up to the mark.
He also emphasized on increasing the financial inclusion orbit covering maximum households in villages. Dr Rao said in order to make EBT a success, coverage of beneficiaries under various government schemes should be covered and registered by the Banks as per the area allotted to them by J&K SLBC.