Dulloo pressed lenders to provide “hassle-free” financing for several youth-centric and enterprise-focused programmes, including PM Vishwakarma, Mission YUVA and homestay development schemes, all of which form part of the administration’s broader strategy to expand self-employment opportunities. Improving the credit–deposit (CD) ratio of J&K and strengthening credit linkage for Self-Help Groups (SHGs) should also remain top priorities, he added.
The meeting brought together senior officials from the Reserve Bank of India, NABARD, commercial banks, insurance companies, BSNL, and district-level banking coordinators, alongside key officers from the UT government. Among those in attendance were Amitava Chatterjee, MD & CEO of J&K Bank and Convenor of J&K UTLBC; Shailendra Kumar, Additional Chief Secretary of the Agriculture Production Department; and Santosh D. Vaidya, Principal Secretary, Finance.
Dulloo called on banks—particularly private-sector institutions—to expand their reach in unbanked and under-banked pockets of the Union Territory. He emphasised the need to accelerate enrolment in national social security schemes such as PMJJBY, PMSBY and the Atal Pension Yojana, and insisted on timely settlement of claims to maintain public trust.
In his opening remarks, Chatterjee expressed optimism regarding the sector’s role in advancing the territory’s economic ambitions. The banking system, he said, would remain “steadfast” in strengthening financial inclusion, expanding entrepreneurship, and improving access to credit across demographic segments.
A detailed performance review presented by Ashutosh Sareen, General Manager of J&K UTLBC, showed that banks had disbursed ₹43,017 crore in credit to 10.07 lakh beneficiaries during the first half of FY 2025–26. The committee examined progress under flagship programmes including Mission YUVA, PMEGP, PMFME, HADP, Kisan Credit Cards (KCC), SHG–Bank Linkage, financial inclusion initiatives and various social security schemes. Sareen highlighted the achievement levels of the Annual Credit Plan (ACP), both in financial outlay and physical coverage.
