The past two years – 2006-07 & 2007-08 had been eventful for SLBC (WB). At least two meetings -98th and 100th meetings were attended by Central/ State Ministers and historic decisions were taken in the field of Financial inclusion in particular. During the years 2005-06, 2006-07 and 2007-09 achievements under ACP have been 97%, 99% and 102%. The performance kept on improving over years despite substantial hike made in the Annual credit Plan of the respective years.
We are now in the year 2008-09 with a fresh set up targets to be achieved. The total annual plan outlay has been increased from Rs 13237 crore for 2007-08 to Rs 15860 crore for 2008-09 which is about 20% higher than the target of previous year. The other major Action points for the year 2008-09 emerged from the 103rd SLBC meeting held on 12.6.2008. The meeting was chaired by Sri P K Gupta, Chairman & Managing Director, United Bank of India and was graced by Sri T M Bhasin, Executive Director, United Bank of India, Sri D Mukhopadhyay, Principal Secretary, Finance Department, GoWB, Dr M N Roy, Principal Secretary, Panchayat & Rural Dev Deptt, GoWB, Dr G. D Goutama , Principal Secretary, MSME & T Deptt., Dr. A.S. Biswas, Principal Secretary, SHG & SE Deptt, Sri Sanjeev Chopra, Secretary, Agriculture Dept., Sri A.K. Das, Special Secretary, Finance Deptt. & Director Institutional Finance, Sri P. Mohannaiah, Chief General Manager, NABARD along with other dignitaries from Govt Deptts, banks and other institutions.
The following important actions were initiated during the quarter under review:
- Targets were communicated to the participating banks/ LDMs and progress of implementation are being followed up.
- Agricultural Debt Waiver and Debt Relief Scheme 2008 was implemented by all the banks and listing of beneficiaries farmers has been completed within June 2008. SLBC collected data from all the banks and submitted reports to RBI and Ministry of Finance on regular basis.
- A Credit counseling center is functioning at LDM Office, United Bank of India, Baruipur where on-line loan application submission facility will be provided soon.
- The State is now having seven RUDSETI type Institutions functioning. The last one was opened at Bankura. As per Government directives, RUDSETI type Institutions are required to be set up in each district of the State.
- A Task Force to examine possibility of providing banking facilities to the Gram Panchayat level has been set up and 3 meetings of the Task Force is already held. The draft recommendations of the Task Force have been finalized which will be approved in the next meeting of the Task Force to be held shortly.
- SLBC coordinated implementation of rehabilitation measures for Poultry units affected by Bird Flu.
- A meeting of the Small Committee of Recovery as was formed as per decision of the 103rd SLBC meeting was held on 08.09.2008. The Committee suggested certain remedial measures for improvement in the recovery performance. A copy of the proceedings is Annexed.
The Progress made during the period 01.4.2008 to 30.6.2008 in implementation
of the major decisions of the SLBC meeting held on 12.6.2008 has been shown in the next page.
Progress made during the period from 01.04.2010 to 31.03.2011 in implementation of the major action points emerged in the 113th State Level Bankers Committee Meeting held on 08.03.11
Progress made during the period from 01.04.2011 to 30.09.2011 in implementation of the major action points emerged in the 115th State Level Bankers Committee Meeting held on 13.09.2011.
BY ALL BANKS IN WEST BENGAL
Sl No |
Action Points |
Status Report |
1. |
The bankers will try to achieve at least 50% growth rate in credit disbursement on y-o-y basis to maintain same ratio in net credit enhancement registered during last two years. |
The ratio in net credit enhancement during last two years has been 20% and 18% respectively. In the credit disbursement during the half-year under review, there has been a growth rate of 33%. The ratio is expected to go up at the end of coming quarters. |
2. |
The banks will also try to improve their performance relating to certain subsectors viz. advance to weaker section, minority communities, SC/ST, women borrower etc. It is also to be ensured that there is no under reporting. |
Advance to Weaker Section and Women Entrepreneurs has increased by 36.06% and 5.47% respectively on y-o-y basis. Advance to Minority Community has also increased by 26.58% on y-o-y basis. However, there has been a marginal reduction in Advance to SC/STs compared to Sept 2010. In absolute terms there has been an increase of 10.45% over the outstanding of March 2011. |
3. |
The common application forms for KCC up to Rs. 50000/= would be made available to the banks and LDMs immediately if not sent by this time. |
The common application form for KCC up to Rs 50000/= has been printed and distributed by the Agriculture Dept. of the State Govt during the current quarter. Copies have also been made available to LDMs. |
4. |
The Agriculture Deptt. will submit the filled in application forms for proposals up to Rs. 50000/= to the service area branches along with land possession certificate within 15th September, 2011 or immediately if not submitted by now. |
Sponsoring of proposals though started in the current quarter, it is yet to pick momentum to the extent desired. The banks have also been requested to scout proposals on their own. |
5. |
The branches will dispose of these proposals within 10 days of its receipt. |
With few exceptions, sponsored proposals are being disposed of within 10 days. |
6 |
The members banks will send a daily report to the SLBC as per given format for reviewing the progress on daily basis. |
The system has not stabilized. |
7 |
All pending gradation of SHGs, and Credit linkages are to be completed within December 2011. Pending cases of Project lending should also be completed by December 2011. Average Credit involvement should be increased to Rs. 50000/= at least.
| The member banks have been requested to complete all pending grading exercise within Dec 2011 and extend credit as per need and eligibility. Credit involvement per SHG has improved from 0.43 lac to 0.44 lac at the end of September 2011. |
8 |
The member banks will report the SLBC about exact number of dormant KCCs to be activated for preparation of a compiled report. |
Dormant KCCs are those KCCs where there is no outstanding debit balance or no debit entry made in the account during the year. Number of such dormant KCCs is not more than 25000. They are eligible for fresh loan in normal course. However, it has been decided that all other inoperative KCCs having overdue debit balance in their A/c will be revived for fresh finance on repayment of overdue loans. |
9. |
Opening of banking outlets to allotted villages as per road map to be intensified so that the remaining 57% of the villages can be covered within March, 2012. Progress report is to be submitted to the SLBC on monthly basis. In the progress report the data on opening of accounts, issuance of KCC & GCC, Smart Cards issued in the FIP villages are also to be incorporated. |
Out of 7486 villages identified under FIP, 4009 villages have been covered up to October 2011. Of these, 133 villages have been covered with Brick & Mortar branches and the rest through BC Model/ Mobile Van. The member banks are submitting monthly/ quarterly reports in the given format. 1775154 FIP A/cs have been enrolled through these outlets. The remaining 46% villages will be covered within March 2012. |
10. |
State Urban Development Agency (SUDA) should convene a special meeting to discuss the issue relating to sponsoring of proposals under ISHUP. |
The meeting is yet to be convened by SUDA |
11. |
Providing soft copy of the payment lists under NREGA, NOAP etc to the banks and to work out strategies for ensuring payment of grants/subsidies through direct credit to the accounts of the beneficiaries electronically. |
The issue has been discussed with the Chief Secretary. It has been decided that payment to these beneficiaries including the beneficiaries of other Govt Schemes will be made through EBT scheme. The work will start on Pilot basis in four districts of West Bengal where UBI, SBI, Allahabad Bank and UCO Bank have been selected as leader banks. |
Click here to see the targets for the year 2007-2008 |
