DC Kargil Reviews Banking Performance, Emphasizes Credit Growth and Financial Inclusion.

DC Kargil Reviews Banking Performance, Emphasizes Credit Growth and Financial Inclusion.
Kargil, June 11, 2026: Deputy Commissioner/CEO, LAHDC Kargil, Rakesh Kumar chaired a District Consultative Committee (DCC) and District Level Review Committee (DLRC) meeting at Conference Hall, Baroo, to review the performance of banks and the implementation of various government-sponsored schemes in the district.
During the meeting, the DC reviewed key banking indicators and assessed the progress achieved under priority and non-priority sector lending. He stressed the need for banks to strengthen credit flow, improve outreach, and ensure timely disbursement of loans to eligible beneficiaries.
Highlighting the importance of financial inclusion, the DC directed banks to enhance awareness regarding government schemes and facilitate easier access to credit for students, farmers, entrepreneurs, self-help groups, and aspiring business owners. He emphasized the need to increase educational loans, housing loans, MSME financing, and Kisan Credit Card (KCC) coverage across the district.
The DC noted the vast economic opportunities expected to emerge following the opening of the Zojila Tunnel and urged banks to actively support tourism-related ventures, including homestays, adventure tourism, rafting, and other hospitality services. He stated that tourism is poised to become a major driver of economic growth in the district and called upon financial institutions to extend adequate support to local entrepreneurs.
Reviewing the progress of flagship schemes such as PM Vishwakarma, PM SVANidhi, PMEGP, Mudra Yojana, and KCC, the DC directed banks to expedite the disposal of pending cases and ensure timely sanctioning and disbursement of loans. He also stressed the need to promote horticulture, fisheries, and other livelihood-generating sectors through greater financial support.
The meeting further discussed measures to strengthen digital banking services and expand the use of digital payment platforms. The DC urged banks to conduct awareness campaigns to promote digital transactions, UPI-based payments, and other cashless services, particularly among traders, entrepreneurs, and rural communities.
Emphasizing skill development and self-employment, the DC highlighted the importance of vocational training and support for local industries, including wood carving and other traditional crafts. He called for coordinated efforts among banks and line departments to create sustainable livelihood opportunities for the youth.
Expressing concern over the performance of some banks, the DC directed them to improve their service delivery and ensure effective implementation of government programmes. He reiterated that all stakeholders must work in close coordination to ensure that the benefits of various schemes reach every eligible beneficiary in the district.
The meeting was attended by officers from various departments, representatives of RBI, NABARD, Lead Bank, and officials of public and private sector banks operating in Kargil district.