JOIN USFocus on tertiary sectors, ZP EO tells bankers
Zilla Panchayat CEO Thulasi Maddineni has called upon the bankers to focus on secondary and tertiary sectors while lending loans. The market share of urban and semi urban branches in business volume has increased while that of rural branches have marginally decreased.
Chairing the lead district bank meet here on Friday, she said that there is a need to achieve stipulated CD (cash deposit) ratio of atleast 60 per cent. If all the urban branches achieve CD ratio of 60 per cent, then overall CD ratio in the district will improve.
She said that the government has sanctioned 3,000 houses under Basava Vasathi Yojane in the district. The unit cost under the scheme is Rs 5 lakh. The government will give a subsidy of Rs 1.2 lakh. The remaining amount will have to be pooled by the beneficiaries. Hence, the banks can lend loans for the construction of houses under the scheme for the poor beneficiaries.
She also advised all the branches not to keep the loan application pending with them beyond one month as per the RBI guidelines. District Industries Centre and Khadi and Village Industries Commission to send the confirmation letter to the bankers within three days of receiving applications. “Do not keep the applications pending for months,” she said.
Earlier, addressing the gathering, Syndicate Bank Deputy General Manager I T Sethuraman said that in the implementation of district credit plan 2013-14, credit disbursement of Rs 3,444 crore has taken place as against the half yearly target of Rs 3,200 crore and the percentage of achievement is 107 per cent. The banks have surpassed statutory targets with regard to lending to priority sector. Under non priority sectors, the banks have disbursed Rs 984 crore against the half yearly target of Rs 600 crore. There are 90,883 Kisan credit card holders in the district. The department of handloom and textiles has sponsored 111 applications for Weavers credit card to various branches, of which 44 loans have been sanctioned in branches to the tune of Rs 14.85 lakh. The progress was low because applicants are not engaged in weaving activity.
He said that wards in all the eight urban areas of the district were allocated to various branches under urban financial inclusion and banks were directed by the RBI to ensure that there is atleast one bank account per family in urban areas. The banks during 2013-14 have opened 28,276 SB accounts in these wards.
As per the directive from the Ministry of Finance, all the unbanked villages have to be provided with banking services. There are 218 Sub Service Areas (SSA) in villages under 203 gram panchayats in the district, of which 49 SSA villages are unbanked. Banking services are required to be provided in these 49 SSA villages through business correspondents immediately.
Speaking on Potential Linked Plan (PLP) of DK district for the year 2014-15, Nabard AGM Prasad Rao said that the bankers should give priority to sanction loans for land development activities, improving irrigation facilities and agriculture allied occupations including dairy farming and poultry.
RBI Manager Vijayakumar, Project Director Manjunath and others were present.