J&K's Banking Boom: Over 10 Lakh Beneficiaries Receive Credit in 2025-26

In the first half of 2025-26, over 10.07 lakh beneficiaries in Jammu and Kashmir received loans worth more than Rs 43,000 crore. The UT-Level Bankers' Committee meeting highlighted the banks' performance amid various challenges, emphasizing the need for enhanced credit support in agriculture and priority sectors.

Jammu and Kashmir's banking sector has witnessed significant growth with over 10.07 lakh beneficiaries receiving loans amounting to Rs 43,017 crore in the first half of the 2025-26 financial year, according to an official statement released on Sunday.

This information was disclosed during the 17th UT-Level Bankers' Committee (UTLBC) meeting, chaired by Chief Secretary Atal Dulloo, on Saturday. The meeting reviewed the performance of financial institutions in credit disbursement amid various challenges, including a terror attack, cross-border tensions, and regional floods.

The chief secretary underscored the potential of agriculture as a key economic driver and urged banks to offer hassle-free loans through schemes aimed at self-employment. Emphasis was also placed on improving the CD Ratio, strengthening outreach in underserved regions, and boosting enrolment in social security schemes.