The House May Confirm the Circulated Minutes
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141st Meeting of State Level Bankers’ Committee (Punjab)
The 141st meeting of State Level Bankers’ Committee (Punjab) to review the performance of banks for the period ended June 2017 will be held on 10.08.2017 at 10.30 A.M. at Hotel Shivalik View, Sector 17, Chandigarh. The following issues shall be taken up for discussion in the meeting:-
Item No.1 Confirmation of minutes of 140th meeting of State Level Bankers' Committee (Punjab) Last Meeting of SLBC Held on 30.05.2017 Minutes e-mailed/ circulated on 12.06.2017 Comments Received NIL
The House may confirm the circulated minutes.
Item No. 2 Pradhan Mantri Jan Dhan Yojana. Item No. 2(i) Issuance of Rupay Cards and its Activation in PMJDY accounts.
Activation of Rupay Debit Cards is necessary to get the insurance claim under the Rupay Card. All Rupay Card holders (valid for Physical or Virtual RuPay card holder) i.e Cards issued on an IIN assigned by RuPay are eligible for the benefit under the RuPay Insurance Program.
Agenda papers of 141st Meeting of SLBC-Punjab Page 1 The eligibility to claim accidental cover is as under:-
Benefits of Insurance will be available to the Card holders who have performed minimum one successful financial or non- financial transaction at any Channel both Intra and Inter- bank i.e. on-us and off-us. Transaction must be conducted within 45 days prior to date of accident including accident date for Premium Card holders and within 90 days prior to date of accident including accident date for Non Premium Card holders.
All customer induced transactions at Branch will now be included as eligible transactions under the Rupay Insurance Program.
The position of issuance of Rupay Cards is as under:- No. of No. of No. of No. of Rupay No. of PMJDY Rupay Rupay cards actiated Rupay Accounts cards Cards not cards not issued issued actiated 6097988 5102821 995167 3226490 1876331 (The bank-wise position is as per Annexure-1 (Page 90-94)
Member banks are requested to utilize the services of FLC Counselors and Bank Mitras for creating awareness amongst the customers about the above guidelines so that no person is deprived of the benefit of insurance claim of Rupay cards.
Item No. 2(ii) Monitoring of Zero Balance Accounts- in PMJDY
Out of total 6097988 accounts opened, 902109 accounts (14.79%) still show zero balance. During the deliberations in the 140th meeting of SLBC held on 30.05.2017, the progress of Zero balance accounts was reviewed and member banks were requested to take steps for reduction in accounts having Zero balance. It was suggested that the Bank Mitras
Agenda papers of 141st Meeting of SLBC-Punjab Page 2 can be very helpful in bringing the number of Zero Balance accounts. Member banks were requested to take the services of Bank Mitras for bringing down the zero balance accounts.
Period Total Zero Balance %age of zero PMJDY accounts balance Accounts accounts 30.06.2017 6097988 902109 14.79 31.03.2017 5714878 942474 16.49 Increase/Decrease + 383110 - 40365 -1.70
Bank wise position in zero balance account is as per Annexure-2 (Page 95).
The house may deliberate.
Item No. 3 Seeding of Aadhaar and Mobile in Savings bank accounts.
Department of Financial Services, Ministry of Finance, Government of India vide communication dated 06.03.2017 have informed that with a view to enable account holders for digital payments, banks have been asked to launch a drive in campaign mode in July 2017 for seeding of Aadhaar number in all operative, individual savings bank account and voluntary seeding of Aadhaar number in all such accounts.
Department of Institutional Finance and Banking has already informed all the Deputy Commissioners in the State of Punjab that, Government of India has desired to organize camps where banks would ensure arrangements for on-the-spot seeding after wide publicity and accountholder-specific outreach efforts. For other areas, account holder specific outreach efforts should be made through branch personnel and by mobilizing and incentivizing BCs and, additionally, through innovative strategies to enlist other agencies.
Agenda papers of 141st Meeting of SLBC-Punjab Page 3 Department of Institutional Finance and Banking has further requested Deputy Commissioners to provide requisite support of the district administration and field functionaries be provided for organizing the camps, reaching out to unseeded accountholders and ensure effective publicity.
The progress as on 30.06.17 as informed by MOF is as under:-
(in lacs)
No. of active Seeding with Aadhaar Saving Accounts Number %age 260.02 213 81.90%
Member banks are requested to take steps for maximizing the Aadhaar seeding in active saving fund accounts.
Item No. 3(i) Aadhaar Lookup –Facility.
National Automated Clearing House (NACH), has introduced Aadhaar lookup-facility for the benefit of banks. This facility would allow the banks to know the status of AADHAAR mapping in the NACH System and can be used for verification of the list of Aadhaar numbers through an upload process and response thereof. This would help the banks to process Direct Benefit Transfer (DBT) transactions more efficiently and help reduce returns.
This facility would be available for banks from 1.30 PM to 5.00 PM on daily basis form Monday to Friday and 1.00 PM to 2.30 PM on Saturday. For any queries/help banks can take up through e-mail at [email protected]. Convener bank has already e-mailed the procedure vide e-mail dated 14.06.2017.
Member banks are requested to use this facility for effective implementation of all the schemes of Govt. of India.
Agenda papers of 141st Meeting of SLBC-Punjab Page 4 Item No. 4 Debt-Waiver announced to farmers in the Govt. of Punjab.
Government of Punjab has recently made an announcement in Vidhan Sabha regarding Debt- Waiver for Small and marginal farmer’s upto Rs.2 lakhs. As a result the farmers in the state of Punjab have stopped making repayment of their crop loans and the recovery scenario is being adversely affected. Even other farmers are not making repayments in the hope of Debt waiver. However since no official communication has been made to the banks, they are also not in a position to clearly guide the farmers. Although the formal notification in this regard is yet to be issued by the state government, it is requested that state government should clarify the following points to the bankers:- i. Eligibility criteria for providing Debt Relief to the farmers. ii. Cut off date for calculating the outstanding amount. iii. Indicative date for final payment to the banks. The representative of the State Government is requested to deliberate and appraise the latest position in the matter.
Item No. 4(i) Web-Portal for submission of on line SLBC data .
The convener bank proposes to develop a Web-Portal for ON LINE submission of data which will ensure its hassle free submission and while entering the data for the relevany period, the user will be able to view and compare the data with the previous quarter, thereby eliminating the chances of errors.
Besides providing User manual, the SLBC would arrange for suitable training of the concerned officials.
In this system user Id and password will be issued to each user Bank/LDM/Department and data will have to be submitted online. Thus
Agenda papers of 141st Meeting of SLBC-Punjab Page 5 no hard copes would be submitted and the portal will help in quick transmission/flow of data and its meaningful compilation and interpretation. After submission, the data can be amended only with the permission of the administrator (SLBC).
The house may deliberate and approve.
Item No. 5 Appointment of Bank Mitras, Verification Calls by State Call Centers/ SLBC/ LDMs to Bank Mitras & providing Micro ATMs to them.
For universal access to banking facility and to provide various type of banking services to the customer under PMJDY, SLBC had approved deployment of 2322 Bank Mitras/BC Agents in areas allocated to banks.
To ascertain/verify the availability of Bank Mitras, executives of call centres and LDMs make verification calls to each Bank Mitras to gather information about working/non working of Bank Mitras on weekly basis. Besides Convener Bank is also making verification calls to Bank Mitras directly. The feedback received from all the three is collated on regular basis and shared with Banks for taking corrective action. Non working of Bank Mitras at locations allotted is depriving population of banking facilities and defeating the very purpose of Financial Inclusion.
The bank wise position in Appointment of Bank Mitras is given at Annexure-2. Bank-wise detail of Inactive/not working Bank Mitras is as under:- Name of the Bank Bank Mitras not workingas on 30.06.2017
Andhara Bank 4 Canara bank 4 Indian Bank 2 IOB 1 TOTAL 11
Agenda papers of 141st Meeting of SLBC-Punjab Page 6 The details of non working Bank Mitras has been sent to respective banks and they have been advised to replace the Inactive/non working Bank Mitras on urgent basis. Member banks are requested to keep convener bank informed of changes in contact details of Bank Mitras and ensure that Bank Mitras are operational at all locations. The representative of the member banks who have not appointed the Bank Mitras yet are requested to apprise the latest position to the house.
As on 30.06.2017 out of the total 2322 Bank Mitras only 1646 have been provided with Micro ATMs. The Bankwise status of Micro ATM is given at Annexure-2.
Member banks who have not yet provided the Micro ATM to Bank Mitras are requested to provide the same immediately.
Item No. 6 Position of Claims lodged/Settled under PMJDY and Jan Suraksha Schemes.
In accidental claims under PMJDY, out of 86 claims lodged under PMJDY up to 30.06.2017, 59 Claims stands settled while 27 are pending.
In PMJDY in case of natural death, out of 62 claims lodged up to 30.06.2017 in the State , 49 Claims stand settled while 13 are pending.
In Pradhan Mantri Suraksha Beema Yojna out of 697 claims lodged 472 claim cases stands settled while 70 claims stands rejected. The number of pending cases are 155.
In Pradhan Mantri Jeevan Jyoti Beema Yojna out of 1069 claims lodged 964 claim cases stands settled while 13 cases stand rejected. The number of pending cases are 92.
Agenda papers of 141st Meeting of SLBC-Punjab Page 7 Bank wise position in lodgment and settlement of claims under PMJDY is as per Annexure-3 (Page 96) and for Jansuraksha Schemes is as per Annexure-3(i) (Page 97).
Ministry of Finance pointed out that the ratio of claims to the total account holders in the state is very low thereby implying that the masses are not aware of the scheme and the claims are not being lodged due to the lack of knowledge.
Member Banks are again requested to involve the Local leaders, Sarpanches and official from the department of Registrar, Birth and Deaths in every awareness programme conducted by the banks for schemes launched by Central Government i.e. PMJDY, PMSBY, PMJJBY, PMMY, APY etc.
Item No.7 Opening of accounts of workers of organized and unorganized sectors.
Secretary, Ministry of Labour & Employment vide DO letter dated 25.11.2016 addressed to Chief Secretary, Government of Punjab has desired that in order to facilitate financial inclusion of workers and to ensure timely payment of their wages, a campaign to open bank accounts in respect of those workers of organized and unorganized sectors who do not have their own bank accounts even now. Camps for opening the accounts have to be conducted at each district and a committee comprising the collector cum District Magistrate, Lead District Manager of the bank, the Labour Officers of the Centre as well as the State Government representative which will decide the location of these camps and other relevant modalities.
Member Banks/LDMs are requested to extend full cooperation in holding of the camps for opening of accounts of workers of organized and unorganized sectors
Item No. 8 Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Agenda papers of 141st Meeting of SLBC-Punjab Page 8 and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
As per the announcement in the Budget speech of 2015, two insurance schemes namely Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and a new pension scheme called Atal Pension Yojana (APY) were launched to move towards creating a universal social security system for all Indians especially the poor and the under-privileged.
In PMSBY, any person between the age of 18-70 years can subscribe to the scheme and the annual premium is `12/- whereas in PMJJBY, any person between the age of 18-50 years can subscribe to the scheme and annual premium is ` 330/-. The achievement under the schemes is as under:-
Name of the Achievement Achievement Increase in the scheme as on as on quarter 31.03.17 30.06.2017 PMSBY 3257853 3567155 309302 PMJJBY 601054 621856 20802
The Bank-wise progress in respect of both the schemes is as per Annexure-4. (Page 98)
The house may deliberate.
Item No. 9 Atal Pension Yojana (APY)
Agenda papers of 141st Meeting of SLBC-Punjab Page 9 Under the Atal Pension Yojna Scheme (APY), depending upon their contributions, the subscribers, under the age of 40, would receive the fixed monthly pension of `1000 to ` 5000 at the age of 60 years. Ministry of Finance has recently amended Atal Pension Yojana (APY) to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber. After the death of both, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till the age of 60 years of the subscriber.
APY targets are allotted on yearly basis by Department of Financial Services on the basis of number of branches of each bank as per the category of the Banks as follows:- i) 70 Accounts per branch for PSB/Pvt. Sector Banks. ii) 50 Accounts per branch of RRBs. iii) 20 Accounts per branch of Coop. Bank.
The achievement under APY in the state of Punjab is as under:-
Particulars Targets Pro-rata Achievement %age for targets achievement 2017-18 upto June- as on 2017 30.06.2017
Public Sector 316400 79100 16756 21.18% Banks
Private Sector 98070 24518 4665 19.03% Banks
RRB 20350 5088 3295 64.77%
Cooperative 16480 4120 5730 139.08% Banks
Grand Total 451300 112825 30446 26.99%
(Bank-wise cumulative achievement is as Annexure-5) (Page 99)
Agenda papers of 141st Meeting of SLBC-Punjab Page 10 During the deliberations in the 140th meeting of SLBC held on 30.05.2017, the representative of Department of Institutional Finance and Banking informed the house that instructions to the concerned department have already been issued for facilitating employees/workers to join APY by directing them to respective banks where the salary accounts of such employees/workers are held.
Member banks are requested to utilize the services of FLC Centres and bank mitras for covering maximum persons under the ambit of Atal Pension Yojana Scheme. Further they should tap the unorganized workers for coverage under APY scheme.
The house may deliberate.
Item No. 10 Pradhan Mantri MUDRA Yojana (PMMY)
Micro Units Development and Refinance Agency Ltd (MUDRA) was launched by Hon’ble Prime Minister on April 8, 2015 as a new financial entity, for developing and refinancing last mile financial intermediaries like Banks, NBFCs, MFIs etc., who are in the business of lending to smaller of the micro enterprises in manufacturing, trading and service sector.
This priority is essential to enable growth and income generation amongst the hitherto unfunded or underfunded segments of our economy. Lending under MUDRA will focus on the unfunded segments of the Micro enterprises by granting the loans under three categories:-
Shishu : Loans up to `.50000 Kishore : Loans above `50,000 and upto `.5.0 lakh Tarun : Loans above `. 5.0 lakh and upto `.10.0 lakh
Agenda papers of 141st Meeting of SLBC-Punjab Page 11 Ministry of Finance has advised all PSBs to classify all the loans extended to non-farm enterprises in manufacturing, trading and services up to `10.00 lakh on or after 8th April 2015 as MUDRA loans. The overdraft amount of `5000/- sanctioned under PMJDY is also to be classified as MUDRA loan under PMMY. (Amt. in crores)
Progress under Pradhan Mantri Mudra Yojana (PMMY)
Achievement during quarter %age ending 30.06.2017 Achievement of Targets for 2017-18 Annual No. of Amount Accounts
3883.40 101796 1537.72 39.83
(Bank-wise progress is as per Annexure-6) (Page 100)
Micro Units Development & Refinance Agency Limited has further informed that a loan portal by name www.udaymitra.in has been launched by SIDBI for facilitating sourcing of loan applications for various MSME programmes, including PMMY and Stand up India. Ministry has desired that branches should take maximum advantage of this facility in achieving the targets under these programmes.
Member banks are requested to for not only achieving the targets but to surpass them as done in previous year.
Item No. 11 DBT & Banker’s Right to Set Off.
In order to discuss the issues of bankers’ legal right to set-off and its implication in financial inclusion and implementation of DBT, RBI convened a meeting with select Public and Private sector banks and IBA on April 18, 2017. Further, IBA convened a meeting of senior executives from select Public Sector and Private Sector Banks on 23rd May, 2017, wherein the following consensus emerged amongst the group :-
Agenda papers of 141st Meeting of SLBC-Punjab Page 12 Banks are not agreeable to forgo their right to set off as a general rule. Banks will consider forgoing their right to set off in specific instances where the relief assistance is linked to natural calamities such as flood, cyclone, earthquake etc. and as a one-time measure based on the notifications issued by the Central/State Government.
Banks are not agreeable to extend the concession to all cases of distribution of Government subsidy including subsidy routed through DBT, on a regular basis.
Banks also don’t have any specific policy under which banks consider ceding their legal right to set off.
Member banks are requested to take a note of the above views.
Item No. 12 Mapping of Industrial Training Institutes (ITIs), Vocational Training Partners (VTPs), Operational Centres (OCs) – Spread of Financial Literacy.
In order to impart financial literacy to the participants in training programs under skill development at various Operational and Vocational Training centres and ITIs operating in the State of Punjab, Ministry of Finance has desired that all these centres be mapped with the Financial Literacy Centres operating in the State. Convener Bank has already got mapped all the 505 Industrial Training Institutes (ITIs), Vocational Training Partners (VTPs), Operational Centres (OCs) with the FLCs and the bank wise list has been sent to the respective banks. Member banks having control in these FLCS were requested to ensure to organize financial literacy meetings in these vocational training centers/ITIs in coordination with the District Administration where a significant numbers of people can be covered for financial inputs as desired by Department of Financial Services, Ministry of Finance.
Agenda papers of 141st Meeting of SLBC-Punjab Page 13 The progress in conducting of camps in skilling centre is as under:-
No. of Skilling No. of No. of Trainees Centres camps participated mapped organized 419 171 8099 (District-wise position is as per Annexure-7-Page 101)
At the request of Department of Institutional Finance & Banking the Director, Technical Education and Industrial Training, Punjab has already issued instructions to all the skilling centres including those under private ownership to allow Financial Literacy Counselors to hold camps to educate the students studying in these institutes.
During the deliberations in the 140th meeting of SLBC held on 30.05.2017, member banks were requested to sensitize FLC counselors under their control for spreading financial literacy among the students of such centres. Controlling heads of banks having lead bank responsibilities in the state were requested to ensure that at least one camp must be held during the quarter in each skilling centre.
Member banks are requested to ensure that the FLCs of their bank are functioning as per the guidelines of RBI and are conducting camps in skilling centers as per the guidelines of Ministry of Finance.
Item No. 13 Stand-up India Programme of Ministry of Finance.
The objective of the Stand-Up India scheme is to facilitate bank loans between Rs.10 lakh and Rs.1 Crore to at least one SC/ST and one woman beneficiary per bank branch for setting up a green field enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of non-individual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.
Agenda papers of 141st Meeting of SLBC-Punjab Page 14 The scheme, which covers all branches of Scheduled Commercial Banks, will be accessed in three potential ways:-
o Directly at the branch or o Through SIDBI’s Stand-Up India portal (www.standupmitra.in) or o Through the Lead District Manager ((LDM)
SIDBI has informed about the updation of Stand Up Mitra portal with the following features:-
1. Applicants can submit additional documents through portal to bankers even after submission of loan applications.
2. Messaging module has been introduced in the portal by which Bank branches can interact with applicants/ LDMs/ SUCCs/respective ROs and Nodal Users through the Portal for follow up on loan application, seeking additional documents, if any, required for loan, responding to clarification requested, post sanction communication etc.
3. Logo of respective Banks would be visible once any user from the Bank logs in. We hope that this would inculcate a sense of participation amongst the Banking fraternity.
4. Credit Guarantee Scheme for Stand Up India (CGSSI) coverage rule engine has now been integrated on stand up mitra portal. Bankers can now search for potential loan applications which may be covered under CGSSI while perusing loan applications from e Marketplace.
Agenda papers of 141st Meeting of SLBC-Punjab Page 15 5. ‘ Ease of Access Kit’ for Bankers have been hosted in the Dashboard of all Bankers for ready reference. The same gets updated whenever any new feature is added.
6. A module to capture 'success stories' on portal has been provided by the SIDBI. Bankers may like continue to caputre appropriate cases on the module to show case the emerging entrepreneurs.
The progress under the scheme during the quarter ending 30.06.2017 is as under:-
Total No. of Participating Loan sanctioned under the scheme during quarter Bank Branches ending 30.06.2017 (Amt.in lacs) Branches of SC/ST WOMEN Total Scheduled commercial A/cs Amt. A/cs Amt. A/cs Amt. Banks
6328 466 130 1886 502 10115 632 11046
(Bank wise targets and position is as per Annexure-8 Page 102)
Member banks are again requested to sensitize the field functionaries about the updation of Stand up India Portal for effective implementation of the scheme.
Item No. 14 Pradhan Mantri Fasal Bima Yojana.
Agriculture employs nearly half of the employed people in the country. The security and well being of farmers is thus of prime importance to the progress of the country. It is with this in mind that the Pradhan Mantri Fasal Bima Yojana was launched on 13th January 2016.
Agenda papers of 141st Meeting of SLBC-Punjab Page 16 During the deliberations in the 140th meeting of SLBC held on 30.05.2017 the house was informed that the State Government has referred the matter to Government of India with certain amendments for implementation of Pradhan Mantri Fasal Bima Yojana. It was further informed that reply from the Government of India is awaited and Fasal Bima Yojana has not been implemented in the State till date.
The representative of Agriculture Department/IF&B is requested to apprise the house about the implementation of ‘Fasal Bima Yojana’ in the State of Punjab.
Item No. 15 Pradhan Mantri Awas Yojana Housing for all by 2022-Credit Linked Subsidy Scheme-(CLSS).
The Mission, in order to expand institutional credit flow to the housing needs of urban poor implemented credit linked subsidy component as a demand side intervention. Credit linked subsidy will be provided on home loans taken by EWS/LIG for acquisition, construction of house.
Beneficiaries of Economically Weaker section (EWS) and Low Income Group (LIG) would be eligible for an interest subsidy at the rate of 6.5 % for a tenure of 15 years or during tenure of loan whichever is lower. The credit linked subsidy will be available only for loan amounts upto Rs. 6 lakhs and additional loans beyond Rs. 6 lakhs if any, will be at nonsubsidized rate. Credit linked subsidy would be available for housing loans availed for new construction and addition of rooms, kitchen, toilet etc. to existing dwellings as incremental housing.
Housing and Urban Development Corporation (HUDCO) and National Housing Bank (NHB) have been identified as Central Nodal Agencies (CNAs) to channelize this subsidy to the lending institutions and for monitoring the progress of this component. Under the Mission, beneficiaries can take advantage under one component only.
Agenda papers of 141st Meeting of SLBC-Punjab Page 17 Central Government has approved the extension of the loan tenure under the Credit Linked Subsidy Scheme component of Pradhan Mantri Awas Yojana – Urban from 15 years to 20 years, thereby reducing EMI’s for the home loan borrowers. The progress under the scheme is as under:- (Amt in lacs)
Loans disbursed under the scheme Cumulative position upto 30.06.2017 during the quarter June-2017
No. of Accounts Amt. disbursed No. of Accounts Amt. disbursed
271 1557 695 3062
(Bank-wise progress is as per Annexure-9 Page 103)
During the deliberations in the 2nd Steering Committee meeting to SLBC held on 27.07.2017, the representative of PUDA informed that the issue for implementation of PMAY is pending for Cabinet approval and the decision will be informed to the convener bank shortly. In view of the pendency of these cases since last many months immediate decision in the matter is requested so that the issue is resolved.
The representative of the PUDA is requested to apprise the house latest position in the matter.
Item No. 15(i) Pradhan Mantri Awas Yojana 2017- for Middle Income Group
The government has also introduced a new CLSS loan scheme for the middle income group of the society. The basic ingredients of the CLSS loan scheme for the middle income group are as under:-
Beneficiary A beneficiary family will comprise of husband, wife, unmarried sons and/or unmarried daughters. An adult earning member (irrespective of marital status) can be treated as a separate household; Provided that he / she does not own a pucca
Agenda papers of 141st Meeting of SLBC-Punjab Page 18 (an all weather dwelling unit) house in his / her name in any part of India. Provided also that in the case of a married couple, either of the spouses or both together in joint ownership will be eligible for a single house, subject to income eligibility of the household under the Scheme.
Carpet Area Area enclosed within the walls, actual area to lay the carpet. This area does not include the thickness of the inner walls. 90 Sq.mt. for MIG-I and 110 sq.mt. for MIG-II
Central Nodal Agencies Nodal Agencies identified by Ministry earlier for EWS/LIG scheme. Middle Income Group MIG - I households are defined as households (MIG) - I: having an annual income between Rs.6,00,001 (Rupees Six Lakh One) up to Rs.12,00,000 (Rupees Twelve Lakh). Middle Income Group MIG - II households are defined as (MIG) - II: households having an annual income between Rs.12,00,001 (Rupees Twelve Lakh One) up to Rs.18,00,000 (Rupees Eighteen Lakh). Interest Subsidy 4% per annum on MIG-I and 3% on MIG-II
Primary Lending Institutions Scheduled Commercial Banks, Housing (PLIs) Finance Companies, Regional Rural Banks (RRBs), State Cooperative Banks, Urban Cooperative Banks, Small Finance Banks, Non Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) or any other institutions as may be identified by the Ministry.
The government is inviting online applications for PMAY-U through two modes, first is assessment application through pmaymis.gov.in and second is through the common service centers across the country.
Agenda papers of 141st Meeting of SLBC-Punjab Page 19 The eligible beneficiaries of PMAY can directly contact the banks and lending institutions to avail the housing loan under the scheme. The loan facility is being provided by several banks and non banking finance companies.
Member Banks are requested to take steps and ensure to cover maximum beneficiaries under PMAY scheme for MIG.
Item No.16 Roadmap for opening brick and mortar branches in villages with population more than 5000 without a bank branch of a scheduled commercial bank.
For increasing banking penetration and financial inclusion, brick and mortar branches are an integral component. As per earlier guidelines of RBI, 54 such villages were got identified by LDMs and allocated to banks for opening of Brick and Mortar branches in villages with population above 5000 without a bank branch of a scheduled commercial bank. At 5 centres Brick and Mortar branches have already been opened i.e. 3 by Punjab National Bank & 2 by Punjab Gramin Bank.
Now in the first Bi-monthly Monetary Policy Statement 2016-17, it was inter alia, proposed to redefine branches and permissible methods of outreach keeping in mind the various attributes of the banks and the types of services that are sought to be provided. Taking into account the suggestions/feedback received from the Government of India and other stakeholders, final guidelines on ‘Banking Outlets’ are issued vide RBI circular no DBR.No.BAPD.BC.69/22.01.001/2016-17 dated 18.05.2017 which was circulated amongst all the member banks by the convener bank on 21.06.2017.
Agenda papers of 141st Meeting of SLBC-Punjab Page 20 As per revised guidelines of RBI, in place of branch, a banking outlet (which includes a branch as well as BC outlet, amongst others) has been defined as under:-
- Banking outlet: A ‘Banking Outlet’ for a DSCB, a payment Bank or a SFB is a fixed point service delivery unit, manned by either bank’s staff or its business Correspondent where services of acceptance of deposits, encashment of cheques/cash withdrawals or lending of money are provided for a minimum of 4 hours per day for at least five days a week.
- Part time banking outlets: Any fixed point service delivery unit of the bank which does not comply with the prescription regarding minimum working hours/days will be considered as a ‘Part-time Banking Outlet’. - Unbanked rural centre redefined: An unbanked rural centre (URC) is defined as a rural (Tier 5 i.e population as per 2011 census 5000 to 9,999 and Tier 6 having less than 5000 population) centre that does not have a CBS-enabled ‘Banking Outlet’ of a Scheduled Commercial Bank, a Payment Bank or a SFB pr a Regional Rural Bank nor a branch of a Local Area Bank for carrying out customer based banking transaction.
Convener bank has already requested the banks to revisit the allocated villages and submit the information as per the above revised guidelines of Reserve Bank of India. All the banks have confirmed that no banking services have been provided in the allocated villages.
The list of remaining 49 allocated villages is attached as per Annexure-10 (Page 104-106).
Banks have to provide the banking services in these allocated villages as per the revised guidelines of Reserve bank of India by December 2017.
As first quarter of the current year already lapsed, we propose to cover the allocated villages 50% in the September quarter, 50% in
Agenda papers of 141st Meeting of SLBC-Punjab Page 21 December2017 by providing banking services as per the latest guidelines of Reserve Bank of India.
The house may deliberate and approve.
The banks will have to coordinate with the SLBC Convener Bank to earmark the centre identified by them. If a bank fails to open the banking outlet in the prescribed period of 1 year as per para 4.2 (f) of the said circular, the SLBC Convenor Bank may indicate the Centre as available for other banks to open a banking outlet. The non member banks of the SLBC, may also refer to the website and keep the SLBC Convenor bank informed of the centres identified by them.
Item No. 16(i) Expansion of BC network.
Department of Financial Services, Ministry of Finance, Govt. of India, in a video conference held on 21.06.2017 on Financial Inclusion has desired to collect data in respect of the area which have an average number of households served per branch/BC ratio of more than 1500 households in order to deploy BC agents in non SSA areas wherever required.
Convener Bank vide their e-mail dated 07.07.2017 has requested Lead District Managers to assess the requirement of BC network in area being served by branch/BC having more than 1500 households. After the identification of additional BC required to be deployed in non-SSA areas wherever required, the data is required to be uploaded on DFS portal by the banks. Path of the report is FIPLAN banklogin>PMJDY Banking data> no. of accounts & additional BCs.
Member banks having Lead Bank responsibilities in the State are requested to instruct the LDMs under their control for identification of additional BC required to be deployed in non- SSA areas and send the information to Convener Bank.
Agenda papers of 141st Meeting of SLBC-Punjab Page 22 Item No. 17 Aadhaar Based Jeevan Praman Patra (Digital Life Certificate)-Appointment of banks as facilitators.
“ Jeevan Praman” (Digital Life Certificate Portal) developed by Department of Electronics and IT, Ministry of communications and I.T. Government of India uses Aadhaar Platform for biometric authentication of the Pensioner. The pensioners can biometrically authenticate their presence by giving Aadhaar Number, Pension Payment Order Number, Bank Account Number and Mobile Number.
Department of Electronics and IT, Government of India has appointed banks for facilitating Aadhaar Based Jeevan Praman Patra (Digital Life Certificate) at any of their branches and Bank Mitra locations. Now banks can work as Facilitation Centre on the lines of around 40000 citizen service centres (CSCs) presently run by UIDAI for collecting and receiving Aadhaar Based Jeevan Praman Patra from Pensioners of Central Civil, Defence, Railways, Postal, EPFO etx. and other pension sanction authorities including State Government Pensioners.
The State Government has already issued amendment to procedure of pension payment regarding acceptance of Aadhar Bio-Metric authenticated life certificate recorded on Jeevan Parman website (www.jeevanparman.gov.in).
Member banks are requested to ensure displaying of banners in all the branches of their bank and pensioners be sensitized through SMS, phone calls or print media for popularizing the enrolment for submission of Digital Life Certificates.
Agenda papers of 141st Meeting of SLBC-Punjab Page 23 As per the information received from Ministry of Personnel Pension & grievences, 82946 pensioners have submitted digital life certificates upto 30.06.2017. Banks which are not compliant of submitting Aadhaar Based Jeevan Praman Patra (Digital Life Certificate) are again requested to take steps for ensuring that the system of submitting Digital Life Certificate is operative in their bank.
The Bank-wise position is as per Annexure-11. (Page 107)
Banks whose Digital Life Certificates are pending are requested to take steps to rectify the same, all the member banks are requested to sensitize the pensioners for submitting the Aadhaar Based Jeevan Praman Patra (Digital Life Certificate).
Item No. 17(i) Jeevan Praman Patra (Digital Life Certificate) Implementation in the State of Punjab.
Directorate of Pensions and Welfare of Pensioners, Govt. of Punjab has desired to implement and monitor Jeevan Praman Patra ( Digital Life Certificate) in the State of Punjab.
The representative of the department is requested to apprise the house about the methodology to be adopted for successful implementation of the Jeevan Praman Patra (Digital Life
Certificate) scheme for pensioners of Punjab Government as Aadhar seeding of their accounts will have to be first ensured for submission of Digital Life Certificates.
Convener bank vide their letter dated 12.05.2017 had requested Director Pensions Govt of Punjab to intimate the bankwise number of Punjab Government pensioners for monitoring. Further, the necessary MIS in respect of Digital Life Certificate can be generated on NIC portal for which Convener Bank as well as the State Government has taken up
Agenda papers of 141st Meeting of SLBC-Punjab Page 24 with Director (Technical) NIC for doing the needful but there is no development even after 6 months.
The representative of the Pensions and Welfare of Pensions department Govt. of Punjab is requested to take up with the Director (Technical) NIC for customization of necessary MIS in respect of Punjab Govt. pensioners for monitoring of Digital Life Certificates.
Item No. 18 Issues of Unique Identification Authority of India (UIDAI)
A. District Wise Aadhaar Saturation (Status as on 30th July’2017)
Aadhaar Estimated Population as Pending Name Of District UID Generated Saturation % on 2015) Population (As per 2015)
Amritsar 2632528 2674172 -41644 101.6%
Barnala 630200 621278 8922 98.6%
Bathinda 1467833 1436444 31389 97.9%
Faridkot 653150 657815 -4665 100.7%
Fatehgarh Sahib 633921 641765 -7844 101.2%
Ferozepur & Fazilka 2144452 2095957 48495 97.7%
Gurdaspur & Pathankot 2429011 2448936 -19925 100.8%
Hoshiarpur 1672794 1749654 -76860 104.6%
Jalandhar 2305812 2452623 -146811 106.4%
Kapurthala 864162 889922 -25760 103.0%
Ludhiana 3686210 4302423 -616213 116.7%
Mansa 812524 800803 11721 98.6%
Agenda papers of 141st Meeting of SLBC-Punjab Page 25 Moga 1048713 1056519 -7806 100.7%
Muktsar 954031 955077 -1046 100.1%
Nawanshahr 649296 681614 -32318 105.0%
Patiala 1999882 2028303 -28421 101.4%
Rupnagar 722206 757016 -34810 104.8%
Sangrur 1748483 1729061 19422 98.9%
SAS Nagar (Mohali) 1042221 1019437 22784 97.8%
Tarn Taran 1183759 1174248 9511 99.2%
Total 29281188 30173067 -891879 103.0% ** The pending population is mostly in the age group 0-18 years. Population more than 18 years is mostly covered.
B. e-Aadhaar as valid document for Aadhaar seeding. Aadhaar generation in the State is 103% whereas the seeding of Aadhaar in bank account is very less as compared to the Aadhaar generation. As the linking of bank accounts with the Aadhaar is to be completed in a time bound manner. It is intimated that e-Aadhaar is a valid document and no bank/institution should deny the validity of the e- Aadhaar. Aadhaar number of a person should not be published or disclosed on any document. If the same is required to be published , masking of Aadhaar should be done i.e. only last four digits of Aadhaar should be displayed. Member banks are again requested to ensure meticulous compliance of the UIDAI of Aadhaar Act.
C. Linking and authentication of Bank accounts with the Aadhaar The Prevention of Money Laundering (Maintenance of Records) Rules, 2005 has been amended and as per the amendment every bank account is to be Aadhaar authenticated before 31st December 2017, failing to which it will become inoperative. In a meeting convened by Principal Secretary
Agenda papers of 141st Meeting of SLBC-Punjab Page 26 to Prime Minister on linking bank accounts with Aadhaar on 15.07.2017 all the Aadhaar which are linked with the bank accounts and are demographic authenticated should also be authenticated by biometric mode or OTP mode by a date decided by RBI ( say June 2018). Regarding Monitoring of the authentication of the bank accounts it was decided that DFS will monitor the Public and Private sector banks , NABARD will monitor the Rural Cooperative banks and RRB and RBI will monitor the Urban Cooperative banks and Foreign banks.
D. Opening of Aadhaar Enrolment and Updation centres in the Bank Branches by 30th August 2017: Gazette notification issued vide notification No.13012/79/2017/Legal- UIADI dated 14.07.2017 ( copy enclosed ) have directed that every Scheduled Commercial Bank shall provide Aadhaar enrolment and update facilities to its customers at selected locations by 30th August 2017 in the following manner:
i. Every Scheduled Commercial bank shall set up Aadhaar enrolment and update facility inside its bank premises at a minimum of 1 out of their every 10 branches by 30th August, 2017. ii. The selection of branches for enrolment and update facility shall be such that it covers all the district headquarters where it is present, and that there is maximum coverage of Talukas/Block in every district. iii. The Scheduled Commercial Bank shall notify to its customers, the general public, and UIDAI of the locations of branches where Aadhaar enrolment and update facilities will be provided by them. The list of such branches shall be displayed on its websites. Any changes in locations shall be notified at the earliest in the aforesaid manner. iv. The Banks may at its discretion provide the Aadhaar Enrolment and Update facility to customers of other banks.
Agenda papers of 141st Meeting of SLBC-Punjab Page 27 v. The Bank may charge the customers for the Aadhaar enrolment and update services at the rate prescribed by UIDAI. vi. The Scheduled Commercial Bank shall, if not already done so, become Registrar of UIDAI for providing enrolment and update facilities.
In order to ensure that account holders should not face any difficulties in obtaining Aadhaar number and linking the same to Bank accounts, Govt. of India, UIDAI has directed the banks to provide enrolment and updation facilities inside the Bank premises.
In a meeting convened by Principal Secretary to Prime Minister on linking bank accounts with Aadhaar on 15.07.2017, it was decided that Lead District Managers in the District Level Bankers’ Committee will deliberate on the issue of opening of Aadhaar Enrolment Centre in select bank branches as per UIDAI regulation for providing Aadhaar Enrolment Facility accordingly.
Most of the Banks are already empaneled as the Registrars for carrying out the enrolment and updation activities. The enrolment activities are being carried out through UIDAI empaneled Enrolment agencies. In view of the huge updation requests expected due to the linking of bank accounts with the Aadhaar Numbers, Linking of Mobile connections with Aadhaar and linking of various schemes. All the banks are requested to allot space in the bank premises for carrying out the Aadhaar updation and enrolment facilities.
E. Training & Certification for carrying out Aadhaar Enrollment /updation work:
Agenda papers of 141st Meeting of SLBC-Punjab Page 28 To carry out Aadhaar enrollment / updation work, one need to be certified for this. UIDAI conducts regular training programs. All the Banks are requested to get the list of officials finalized to whom training & certification is to be provided. The list of officials along with venue detail may be shared to this office on mail id: [email protected] so that we may schedule dates accordingly. For online certification there is a fee of Rs 365 per head to be deposited either by individual challan or through bulk challan to NSeiT.
F. Aadhaar Enrolment in the Government Premises:
In view of the Supreme Court Observations in the judgement given in Aadhaar –PAN linking case and to avoid any chance of unauthorized leakage of data , It has been decided that the Aadhaar Enrolment and Updation will be carried out in more secure environment under the close supervision of the State Government . It has been decided to shift the Enrolment centres from the Private premises to the Government Premises from 1st September 2017 onward. Approximately 600 Centres working in the Private Premises has been closed. Aadhaar enrolment facility has been extended at 450 Govt owned Sewa Kendras. It will be increased to 600 Sewa Kendras. The location of the various enrolment centres working in the State of Punjab can be seen on the following link. https://appointments.uidai.gov.in/easearch.aspx
G. Adhaar Updation facility at the Post Offices: Aadhaar updation facility has already been started at the Post offices. In a Progressive manner the facility will be extended to 766 Post offices
Agenda papers of 141st Meeting of SLBC-Punjab Page 29 across Punjab State. In the Second phase the Aadhaar enrolment facility will be extended in all the Post Offices.
The representative of UIADI is requested to deliberate on the issues.
Agenda papers of 141st Meeting of SLBC-Punjab Page 30 Item No.18(i) MGNREGS-Camps for seeding of Aadhaar in the accounts of MGNREGS workers for Direct Benefit Transfer(DBT)
Ministry of Rural Development, Govt. of India has instructed that accounts of MGNREGS workers should be seeded with their Aadhaar number, with their consent latest by 31.12.2017. MoRD has suggested that a round of camps should be planned from 25.07.2017 till 10.09.2017 for seeding Aadhaar numbers of MGNREGS workers.
Lead District Managers of respective districts are requested to provide necessary support in Aadhaar Seeding under MGNREGA in camps to be organized by the State Govt.
Item No.19 Unrecognized Clusters of MSME and availability of banking outlets and credit flow in such clusters.
Reserve Bank of India has conducted study to find out unidentified/Unrecognized Clusters of MSMEs in India and has identified 1161 such clusters in India. It has further been observed in the study that 74% of these MSMEs clusters are not linked to banking system for providing credit flow to these clusters.
4 such clusters have been identified in the State of Punjab i.e 1 each at Ludhiana and Moga and 2 at Patiala. The Detail of these clusters and progress is as per Annexure-12. {Page 108}
Controlling heads of member banks are again requested to consider extending banking facilities to such clusters either through Brick and Mortar Branch or through BC, wherever feasible and send the report to Convener Bank.
Agenda papers of 141st Meeting of SLBC-Punjab Page 31 Item No. 20 Financial Literacy Centres (FLCs)
Reserve Bank of India vide their circular. No. FIDD.FLC. BC. No. 18/ 12.01.018/2015-16 dated 14.01.2016 has issued revised guidelines of Financial Literacy Centres and convener bank has already circulated the said guidelines to all the member banks/LDMs.
The information in respect of the camps held by FLCs during the quarter ended June 2017 is as under:- 1268 special target group camps have been conducted by FLCs in the State of Punjab. 1048 special target camps have been conducted by FLCs for people newly inducted into the Financial System in the State of Punjab. 3142 number of rural branches have conducted 2358 special camps during the quarter and number of target specific camps conducted during the quarter are 3745.
Detail of holding the camps by Rural Branches and the data of FLCs is as per Annexure-13 (i) (Page 109). The house may deliberate.
Item No.20 (i) Financial Literacy Project in Schools
Ministry of Finance has directed all banks to organize financial literacy programs in schools on Pan India basis. Lead District Managers have already mapped the 100 schools per district with bank branches operating in the district and Convener Bank has sent the mapped list to controlling heads of all the banks. Further Ministry of Finance has desired that controlling heads of banks should take the specified Actions for successful implementation of Financial Literacy project in schools.
Agenda papers of 141st Meeting of SLBC-Punjab Page 32 Banks will be the nodal point for reporting and updating the progress made in conducting FL camps in schools to mission office on the prescribed format.
No. of school No. of camps No. of Student mapped organized participated 2200 489 34449
(District-wise position is as per Annexure-7 Page 101)
During the deliberations in the 2nd Steering Committee meeting to SLBC held on 27.07.2017, it has been decided that each branch/FLC will conduct minimum one camp in each school mapped.
As Financial Literacy is an ongoing process, it should be conducted by banks on a regular basis and not be viewed as a one-time activity. Banks are directed to conduct Financial Literacy sessions for the financial year 2017-18 as per the guidelines of Ministry of Finance.
NABARD is providing financial assistance for organizing ‘Go Digital’ camps with the objective of creating awareness for digitization among the masses. The Banks can claim financial assistance to the extent of 60% of the cost incurred on these camps subject to a maximum of Rs.5000/-. NABARD is also providing financial assistance for purchase of Hand held Projectors and portable PA system to the extent of 50% of their cost subject to a maximum of Rs. 5000/-.
Member banks are requested to send the proposals for conducting of camps to NABARD and ensure that in each school mapped, minimum one FLC camps must be conducted by the Branch/FLC during the quarter.
Agenda papers of 141st Meeting of SLBC-Punjab Page 33 Item No.20(ii) Opening of Financial Literacy Centres (FLCs) at block level.
This important pillar focuses on preparing the people for financial planning and availment of credit. Ministry of Finance has observed from the experience of micro finance firms as well as Self Help Groups that, before availing credit, people need to be made aware of the advantages of access to formal financial system, savings, credit, importance of timely repayments and building up a good credit history. Financial Literacy Centres have so far been set up at Urban/Semi-urban areas. The present plan of Ministry of Finance is to expand the FLCCs to the block level.
In the State of Punjab, 99 FLCs are functioning at District and block level of Commercial Banks and 30 FLCs of Cooperative Banks are functioning at Block Level in the blocks allocated to different banks. 129 FLCs are functioning against the target of 143.
During the deliberations in the 2nd Steering Committee meeting to SLBC held on 27.07.2017, the issue of functioning of FLCs from Branch or LDM office against the RBI directives was deliberated upon. It was resolved that the matter regarding providing of Space at BDO office/Tehsil/Municipal office be continued to pursued with the State Government as District Administration have better control for functioning of FLCs . The representative of DIF&B was requested to pursue with the concerned department for providing space at BDO office/Tehsil/Municipal office.
It is again requested that State Govt. should make available space for FLCs so that the normal people who are not under the Banking fold have unrestricted access to these centres. However for opening of New FLCs, non providing of suitable space by State Government should not be
Agenda papers of 141st Meeting of SLBC-Punjab Page 34 taken as constraint and FLCs must be opened by bank by providing space as per RBI instructions.
Details of FLCs not functioning at block level in the State of Punjab are attached as per Annexure-13(ii). (Page 110)
Member banks are again requested to ensure to open the FLCs at left out blocks immediately. The representative of DIF&B is again requested to pursue with the concerned department for providing space at BDO office/Tehsil/Municipal office for enabling functioning of FLC as per RBI guidelines.
Item No.21 Rural Self Employment Training Institutes
19 RSETIs are operating in the State of Punjab which includes RSETIs at Dhudi Ke (District Moga) sponsored by PNB and Tappa Mandi in Barnala District sponsored by Canara Bank. RSETIs are not operating at following centres. Gurdaspur, Pathankot, SBS Nagar, Tarn Taran & Fazilka. Adequate Land has not been allotted at Tarn Taran. During the deliberations in the 2nd Steering Committee meeting to SLBC held on 27.07.2017, the following issues were discussed.
At Taran Tarn District ½ acre land has been allotted whereas as per MoRD guidelines minimum 1 acre land is required for opening of RSETI. The lease rent of `25000/- per year for ½ acre was also on higher side.
The issue of 10% annual increase in rent of RSETIs.
Agenda papers of 141st Meeting of SLBC-Punjab Page 35 Charging of commercial electricity charges instead of domestic charges as RSETIs should not be treated as commercial establishments as per Govt. of India guidelines hence charges as applicable to domestic rates need only be collected.
The representative of Rural Development Department assured the house that all the above issues will be resolved within next 15 days well before the next SLBC which is scheduled to be held on 10.08.2017. The representative of Department of Rural Development may apprise the house of the latest developments in the matter.
(Performance of the RSETIs functioning in the State up to June 2017 & status of land allotment is given on Annexure-14 & 14(i). (Page 111-113) From the data on progress of RSETIs up to June 2017, it has been observed that:-
2188 training programmes of skill development were organized wherein 56534 trainees participated. 8435 trainees were financed by the banks to start their Enterprises and 21681 trainees set up their enterprises through owned funds. Out of total 56534 trainees, 34612 were from SC/ST category, 8246 from OBC, 594 from minority and 13082were from other categories. 41078 Women and 280 Handicapped persons were also provided training for self-employment.
State Director, RSETI again informed the housel that due weightage to credit linkage of RSETI trainees is not being given. He requested the banks to issue the instructions for delegating the powers for rejection of application sponsored by RSETIs trainees be vested with the next higher authority as decided in the 140th meeting of SLBC. Action taken report in respect of the decision taken in the last SLBC meeting is still awaited from almost all the Banks.
Agenda papers of 141st Meeting of SLBC-Punjab Page 36 Member banks are again requested to ensure to issue instructions as per the above decision and ensure meticulous compliance of the same. The house may review.
Item No.22 Progress under Debt Swap Scheme.
At least 3% of disbursement of agriculture credit during the year is to be earmarked for giving loans under “Debt Swap Scheme”.
The progress achieved up to June-2017 is as follows:-
(Amount ` in Lakh) Target for Achievement %age Debt Swap up to June-17 Achievement (3% of Agriculture) Public Sector Banks 191427 37287 19
Pvt.Sector Banks 48104 5165 11 RRBs 18788 10668 57 Coop. Bank 83039 21221 26 Total 341357 74341 22 (Bank-wise progress is as per Annexure-15{Page -114)
The Controlling Heads of Banks are requested to advise their field functionaries to lend liberally under the scheme to enable the farmers to come out of clutches of money lenders.
The House may deliberate.
Agenda papers of 141st Meeting of SLBC-Punjab Page 37 Item No. 23 Review of Performance of Banks (excluding Coop. Banks) in key areas relating to Deposits, Advances & Priority Sector Advances.
The comparative position of key banking parameters is given below:-
(Amount ` in crore) Parameter As At Variation June June June June. 2016 / June. 2017 / 2015 2016 2017 June. 2015 June. 2016 Absolute %age Absolute %age
Branches 5845 6112 6365 267 4.56 253 4.13 Agg. 274395 305154 341172 30759 11.20 36018 11.80 Deposits Advances 203557 212486 223570 8929 4.33 11084 5.21 PS Adv. 114661 122834 126088 8173 7.12 3254 2.64 Agri. 59726 67956 70760 8230 13.77 2804 4.12 Advances Adv. to MSE 43102 44149 46771 1047 2.42 2622 5.93 Weaker 36272 39908 45470 3636 10.02 5562 13.93 Sector Adv. (Bank-wise position is given in Annexure-16 &16 (i-iii) {Page No.115-118}
Item No.23(i) Branch Expansion
310 new branches of Commercial Banks were opened in the State during the period from 1st July 2016 to 30th June 2017, thus raising the network of branches from 6055 as at 1stJuly 2016 to 6365 as at 30th June 2017. Area wise analysis is summarized below:-
Number of As At Variation Branches June June June June 2016/ June 2017/ 2015 2016 2017 June 2015 June 2016 Absolute Absolute Rural 2507 2563 2580 116 17 Semi Urban 1768 1843 1972 75 129 Urban 1570 1649 1813 79 164
Agenda papers of 141st Meeting of SLBC-Punjab Page 38 Total 5845 6055 6365 270 310
Observations
During the review period, there is a increase in number of branches in rural areas of Punjab of the order of 17.
This is followed by Semi-urban areas, which registered an increase of branches to the tune of 129.
Increase in number of branches in urban areas was 164.
This is for information of the House.
Item No. 23(ii) Deposit Growth.
The aggregate deposits of the Banks in Punjab increased by ` 36018 crore from `305154 crore as at June 2016 to ` 341172 crore as at June 2017, thus posting a growth of 11.80% as against an increase of 11.20% during the corresponding period last year. The area wise growth as given below:-
(Amount ` in Crore) Total As At Variation Deposits June June June June 2016 / June 2017/ 2015 2016 2017 June2015 June2016 Absolute %age Absolute %age Rural 63359 70781 73707 7422 11.71 2926 4.13 Semi 87700 95002 120225 7302 8.32 25223 26.54 Urban Urban 123336 139371 147240 16035 13.00 7869 5.64 Total 274395 305154 341172 30759 11.20 36018 11.80
Agenda papers of 141st Meeting of SLBC-Punjab Page 39 Observations-
During the review period, growth in deposits has been 5.64%, 26.54% and 4.13% in urban, semi-urban and rural areas respectively. This is for information of the House.
Item No. 23(iii) Credit Expansion
Gross credit in the State increased by ` 11184 crore, from ` 212486 crore as at June-2016 to `223570 crore as at June 2017, thus exhibiting a growth of 5.26 % as against 4.33 % during the same period last year.
Area wise analysis is summarized below:- (Amount ` in Crore) Total As At Variation Advances June June June June 2016 / June 2017 / 2015 2016 2017 June 2015 June 2016 Absolute %age Absolute %age Rural 38154 41966 40941 3812 9.99 -1025 -2.44 Semi 59954 65708 66835 5754 9.59 1127 1.71 Urban Urban 105449 104812 115794 -637 -0.60 10982 10.47 Total 203557 212486 223570 8829 4.33 11084 5.21
Observations
During the review period, the overall growth in advances is 5.21% .In urban and Semi urban areas the growth is 10.47% & 1.71% respectively whereas in rural areas there is a decline of 2.44% .
Agenda papers of 141st Meeting of SLBC-Punjab Page 40 This is for information of the House.
Item No.23(iv) Position of ATMs
The position of installation of ATMs as on 30.06.2017 is as under:-
ATMs as ATMs ATMs Total ATMs No. of No. of on opened Closed as on off on 31.03.17 during during 30.06.2017 Site site quarter the ATMs ATMs quarter 821 89 8298 2315 5983 7566 (Bank-wise position is given in Annexure-17) {Page No.119}
Total number of ATMs in the State of Punjab is 8298 out of which 2315 are offsite and 5983are on site.
This is for information of the house.
Item No.23(v) Credit Deposit Ratio – Implementation of the Recommendations of Expert Group on CD Ratio
As per the recommendations of an Expert Group constituted by GOI under the Chairmanship of Shri Y. S. P. Thorat, a Special Sub- Committee (SSC) of District Level Consultative Committee (DLCC) was to be constituted in districts with CD Ratio of less than 40%, for drawing up “Monitorable Action Plans” (MAPs) to increase the CD Ratio on a self set graduated basis. Concerned LDM of the district is the convener of SSC with DCO, DDM, NABARD, LDO, RBI and District Planning Officer as its members.
Agenda papers of 141st Meeting of SLBC-Punjab Page 41 CD Ratio of 4 districts i.e. Hoshiarpur, Jalandhar, Kapurthala and Nawanshahr as at September 2005 was below 40% and Special Sub Committees (SSCs) of District Level Consultative Committee (DLCC) were constituted in these districts. Lead District Managers of all these four districts have convened the Special Sub-Committee meeting and submitted revised road map for achieving the level of 60% as under:-
District Date of Monitorable Action Plan Meeting
Jalandhar 29.06.2015 40% by 31.03.2016 50% by 31.03.2017 60% by 31.03.2018 Kapurthala 22.07.2015 38% by 31.03.2016 44% by 31.03.2017 50% by 31.03.2018 56% by 31.03.2019 60% by 31.03.2020 Nawanshahar 22.07.2015 44% by 31.03.2017 50% by 31.12.2018 56% by 31.03.2019 60% by 31.03.2020 Hoshiarpur 30.06.2015 35% by 31.03.2016 40% by 31.03.2017 45% by 31.03.2018 50% by 31.03.2019 55% by 31.03.2020 60% by 31.03.2021
The comparative position of Monitorable Action Plan and CD Ratio (net of NRI deposits) as at June 2017 & June 2016 of these four districts is given below:-
Agenda papers of 141st Meeting of SLBC-Punjab Page 42 District CD Ratio CD Ratio % CD Ratio Growth CD Ratio CD Ratio Growth (%) as at (including % % % March 09/ NRI (including June June Deposits) as NRI 17/ (Net of (Net of 17/ March 10 at June 15 Deposits) NRI NRI June June as at Deposits) Deposits) as per MAP 16 16 June 17 as at as at (PPs) June 16 June 17 (PPs)
Jalandhar 60 (Mar.18) 31.00 30.00 -1.00 41.00 39.00 -2.00
Kapurthala 60 (Mar.20) 28.22 29.31 +1.09 35.21 36.34 +1.13
Nawanshahr 60 (Mar.20) 35.10 31.88 -3.22 46.43 41.43 -5.00
Hoshiarpur 60 (Mar.21) 30.80 28.72 -2.08 53.39 45.88 -7.51
Observations:-
The CD Ratio (including NRI deposits) has increased in kapurthala district and has decreased in all the other 3 districts i.e Jalandhar, Nawanshahr & Hoshiarpur. The CD ratio net of NRI deposits has also increased in Kapurthala district and has decreased in all other 3 districts i.e Jalandhar, Nawanshahr & Hoshiarpur.
The concerned LDMs are requested to continue to review the CD Ratio in the meetings of Special Sub Committee of DCC.
The House may review the CD Ratio vis-a-vis MAP to improve CD Ratio of these identified districts.
Agenda papers of 141st Meeting of SLBC-Punjab Page 43 Item No. 23 v (i) Overall CD Ratio
While calculating the overall CD ratio, all the member banks are requested to adhere to the instructions of Reserve Bank of India contained in their circular No. RPCDLDS.BC No.47/02.13.03/2005-06 dated 09.11.2005 which inter alia states that the CD ratio to be calculated with credit at the place of utilization.
The comparative position of overall CD Ratio of Commercial Banks is as below:-
Period CD Ratio % Variation June 2015 74.18 June 2016 70.32 -3.86 June 2017 66.41 -3.91 (Bank-wise CD Ratio as at June 17 is as per Annexure-18. {Page 120} (District-wise CD Ratio as at June 17 is as per Annexure-18(i) {Page 121}.
Observations:-
During the period under review overall CD Ratio of Banks for the State of Punjab decreased by 3.91 PPs from 70.32% as at June-2016 to 66.41% as at June-2017.
However there is a increase of 2.61 PPs over the previous quarter i.e. ias on March-17 CD Ratio was 63.80 PPs whereas in June 2017 the CD ratio is 66.41PPs.
The House may review the overall CD Ratio.
Item No. 23 v (ii) CD Ratio - Rural Areas
Agenda papers of 141st Meeting of SLBC-Punjab Page 44 The comparative position of CD Ratio of rural areas in Punjab is as follows:-
Period Rural Variation Deposit Advances CD Ratio PPs % June 2015 63359 38154 60.21 NA June 2016 78414 48988 62.47 +2.26 June 2017 81685 45099 55.21 -7.26
Observations
During the review period, the CD Ratio of Rural areas has decreased by 7.26% from 62.47% as at June-16 to 55.21% as at June-17.
However there is a marginal increase of .05 PPs i.e. if we review the same from quarter to quarter i.e as on March-17 CD Ratio was 55.16 PPs whereas in June 2017 the CD ratio is 55.21PPs.
This is for information of the House.
Item No. 23 v (iii) CD Ratio - Semi Urban Areas
The comparative position of CD Ratio of Semi Urban areas in Punjab is as follows:- (Amount ` in crore) Period Semi Urban Variation Deposit Advances CD Ratio PPs % June 2015 87700 38154 68.36 June 2016 99663 69577 69.81 +1.45 June 2017 125237 70966 56.67 -13.14
Observations
Agenda papers of 141st Meeting of SLBC-Punjab Page 45
During the review period, the CD Ratio of Semi Urban areas has decreased by 13.14 PPs from 69.81% as at June-16 to 56.67 % as at June-17.
However there is a marginal increase of 1.60 PPs i.e. if we review the same from quarter to quarter i.e as on March-17 CD Ratio was 55.07 PPs whereas in June 2017 the CD ratio is 56.67PPs.
This is for information of the House.
Item No.23 v (iv) CD Ratio - Urban Areas
The comparative position of CD Ratio of urban areas in Punjab is as follows:- (Amount ` in crore)
Period Urban Variation Deposit Advances CD Ratio% PPs June 2014 123335 105449 85.49 June 2015 141199 105954 75.03 -10.46 June 2017 149152 120398 80.72 +5.69
Observations:
During the review period, the CD Ratio of Urban areas has increased by 5.69 PPs from 75.03% as at June-16 to 80.72% as at June-17.
This is for information of the House.
Item No. 23 v (v) CD Ratio on the basis of credit as per utilization and Resource support under
Agenda papers of 141st Meeting of SLBC-Punjab Page 46 Rural Infrastructure Development Fund of NABARD.
NABARD has provided resource support of ` 2495.33 crores up to June- 2017 to Punjab Government under RIDF for development of infrastructure. When this amount of RIDF is added to the credit provided by banks and the CD Ratio is calculated on the basis of Credit Utilization (Cu) + RIDF, the same works out to be 67.10%.
Item No. 23 v (vi) Credit plus Investment to Deposit Ratio
Investments made in the State Govt. bonds by the banks to the tune of ` 3871.48 crore when added to the credit provided by banking system in the State and the flow of credit has gone up to ` 240334 crore. For the period ended June-2017 the “Credit plus Investment to Deposit Ratio” is as follows:-
(Amount ` in crore) Deposits Advances plus investments in (C+I)/D State Government Bonds Ratio 356074 240334 67.49
(Detail of investment in securities & Bonds as per Annexure-19) {Page 122}
Item No. 23 v (vii) CD Ratio of Financial System
The CD Ratio of Financial System after inclusion of Deposits & Advances of the Cooperative Banks, Punjab Agriculture Land Development Banks and Financial Institutions comes to 64.66% as per detail given as under:-
(Amount `in crore)
Agenda papers of 141st Meeting of SLBC-Punjab Page 47 S.No. Particulars Deposits Advances CD Ratio 1 Commercial Banks/RRBs. 341173 223570 65.52 2 Including Cooperative 356074 236463 66.40 Banks 3 Including Punjab Agri. 356074 239208 67.17 Dev. Bank* 4 Including Financial 356074 239452 67.24 Institutions**
{*Advances PADB (` 2745 Crores ) **Financial Institutions PFC (` 97.15 crore), PSIDC (` 146.70 Crore).}
Item No. 23 (vi) Priority Sector Advances
During the period under review, Priority Sector Advances in Punjab grew by ` 3254 crore, from `122834 crore as at June-2016 to `126088 crore as at June-2017 thus showing a growth of 2.64% as against an increase of ` 8173crore or 7.12% during the corresponding period previous year.
The share of incremental PS advances to incremental advances during the period under review is 29.35%.
Item No. 23 (vii) Agriculture Advances
The Agriculture Advances in the State during the period under review witnessed an increase of `2804 crore, from ` 67956 crore as at June- 2016 to ` 70760 crore as at June-2017 thus showing a growth of 4.12% as against an increase of `8230 crore or 13.77% during the same period last year. The share of incremental agriculture advances to incremental advances during the period under review is 25.29 %.
Agenda papers of 141st Meeting of SLBC-Punjab Page 48 Out of the total Agriculture advances of `70760 crores term loan component is `13359 crores which comes to 18.87% (Bank wise detail is at Annexure 16(i){ Page-115}.
Item No. 23 (viii) Advances to Micro, Small & Medium Enterprises (MSMEs) in Priority Sector.
The Advances to Micro & Small Enterprises (MSEs) in the State during the period under review witnessed an increase of `2622 crore, from `44149 crore as at June-2016 to `46771 crore as at June-2017 thus showing a growth of 5.93 % as against an increase of ` 1047crore or 2.42% during the same period last year.
Item No.23 (ix) Advances to Weaker Sector
During the period under review, advances to Weaker Sector increased by `5562 crore, from `39908 crore as at June-2016 to `45470 crore as at June-2017, thus registering a growth of 13.93% as against an increase of ` 3636 crore or 10.02% during the same period last year.
Item No. 24 Review of National Goals
As per guidelines of RBI, banks are required to achieve National Goals on Adjusted Net Bank Credit (ANBC) as at the end of previous year instead of NBC and for calculation of ANBC the outstanding FCNR (B) and NRNR deposit balance will no longer be deducted for computation of ANBC, which now will be Bank Credit plus investments made in non SLR bonds under HTM category. It may be difficult for banks to arrive
Agenda papers of 141st Meeting of SLBC-Punjab Page 49 at such figures at State level and as such the review of National Goal is made on the basis of Net Bank Credit as at the end of previous year, which means gross credit minus inter bank credit.
The comparative position of National Goals in the State is given below:-
Sr Particulars Goal %age Position as on No % June June June 2015 2016 2017 a) Priority Sector Adv. to Net Bank 40 56.25 54.93 61.22 Credit b) Agri. Adv. to Net Bank Credit 18 31.06 31.88 36.16 c) Small & Marginal Farmers 7 NA 15.09 14.93 d) Micro Enterprises 7 NA 8.20 8.95 e) Export Credit 2 NA 1.20 0.34 f) Weaker Sector Adv. To Net Bank 10 18.33 18.66 22.11 Credit g) CD Ratio (Rural) 60 66.25 62.47 55.21 h) CD Ratio (S-Urban) 60 69.81 56.67 i) Women Beneficiaries Advances to 5 5.90 7.26 7.54 NBC [Bank-wise performance under National Goals a Annexure-20 & 20(i) {Page 123-124].
Observations:
The ratio of Priority Sector Advances to Net Bank Credit as at June.2017 stands at 61.22% as against National Goal of 40%. The share of Agriculture Advances to Net Bank Credit, as at June.2017 is 36.16% against the National Goal of 18%. The share of Small and Marginal Farmers to Net Bank Credit, as at June.2017 is 14.93% against the National Goal of 7%. The share of Micro Enterprises to Net Bank Credit, as at June.2017 is 8.95% against the National Goal of 7%. The share of Export credit to Net Bank Credit, as at June.2017 is 0.34% against the National Goal of 2%. The advances to Weaker Sector are 22.11% of Net Bank Credit, as against National Goal of 10%. The CD Ratio of Rural area is 55.21% against the national goal of 60%.
Agenda papers of 141st Meeting of SLBC-Punjab Page 50 The CD Ratio of Semi Urban area is 56.67% against the national goal of 60%. The advances to Women Beneficiaries constitute 7.54 % of Net Bank Credit, against the National Goal of 5%. The house may deliberate.
Item No. 25 Education Loan achievements.
The performance of Scheduled Commercial Banks as on 30.06.2017 for the financial year 2017-18 is as under:- (Amount ` in Crore) Year Accounts Balance Increase O/S Absolute %age June 2015 35372 1187.29 78.31 June 2016 45940 1605.93 418.64 35.26 June 2017 31750 1325.78 -280.15 -17.44 (Bank-wise position as at June 17 is as per Annexure-21) {Page 125}.
Number of education loan as on June.2016 was 45940 with balance o/s of `1605.93 crores. The same has declined both in numbers as well as in outstanding amount to 31750 accounts with an outstanding amount of 1325.78 crores.
Member Banks are requested to give more thrust for making advance under this segment.
Item No. 25(i) Progress of Education loans to Women Students.
(Amount `in Crore) Total Amt. advanced during Out of which advances % of advances made the quarter to women student to women student during the quarter No. of Amount No. of Amount No. of Amount account account account
Agenda papers of 141st Meeting of SLBC-Punjab Page 51 2197 94.11 505 42.86 22.98 45.54 (Bank-wise position as at June 17 is as per Annexure-21 {Page 125}
During the quarter ended June-17, the banks in the State of Punjab have made 2197 education loans amounting to ` 94.11 crores, out of which 505 loans amounting to `42.86 crores have been made to female students. The percentage of loans advanced to women comes to 22.98% & 45.54% respectively for number of accounts and amount.
This is for the information of the House.
Item No. 25 (ii) Collateral Free Education Loans & Position of NPA.
As per RBI guidelines the banks are required to grant collateral free education loan upto 4 lacs. Implementation of the guidelines of RBI is emphasized in each meeting of SLBC. The relevant data in this regard for quarter ended June-17 is placed below:-
(Amt . in ` Crore) Number Amount Out of 2, %age Out of 2 Out of %age of of NPA of NPA educati 5, NPA of NPA Education Education outstandi under on loan out of in Loan Loan ng Educati granted collater collater accounts outstandi on Loan collater al free al free outstandi ng al free loans accoun ng ts
1 2 3 4 5 6 7
31750 1325.78 60.20 4.54 487.48 32.93 6.75
(Bank-wise detail as per Annexure-21(i) {Page 126}.
Agenda papers of 141st Meeting of SLBC-Punjab Page 52 The House may discuss.
Item No. 26 Advances to Minority Communities.
The comparative position is given below:- (Amount ` in Crore) Minority June 2015 June 2016 June June 2017 %age Community A/Cs A/Cs A/Cs Amt. o/s 2016 A/Cs Amt. Grow o/s th Muslims 19026 358.39 18770 484.13 35.08 23290 1106.18 128.8 4 Christians 7742 143.43 9042 180.26 25.67 8795 231.80 28.59 Budhists 298 7.15 292 19.69 175.38 395 18.18 -7.61 Zoroastrians 164 3.01 0 0 0 0 Jains 3389 730.27 2979 1265.69 73.31 2708 1143.15 -9.68 Total 30619 1242.25 31083 1949.77 56.95 35188 2499.32 28.18 (Bank-wise position as at June 2017 is as per Annexure-22 {Page 127} The overall advances to minority communities have registered an increase of ` 549.55 crore, from ` 1949.77 crore as at June-2016 to `2499.32 crore as at June -2017, thus showing a growth of 28.18%.
During the quarter ended June-2017, banks disbursed advances to the tune of ` 387.45 crore to borrowers belonging to minority communities. The bank-wise position is given as per Annexure 22(i). {Page 128}
The House may discuss.
Item No. 26(i) Advances to Women Beneficiaries
(Amount ` in Crore) Year Accounts Amt. O/S Increase %age to Net Bank Absolute %age Credit
Agenda papers of 141st Meeting of SLBC-Punjab Page 53 June 15 380501 13223.37 1915.48 16.93 June 16 542873 17041.29 3817.92 28.87 8.02 June 17 595502 16310.13 -731.16 -4.29 7.29 (Bank-wise position as at June-2017 is as per Annexure-23 {Page 129}.
The overall advances to women beneficiaries witnessed decrease of ` 731.16 crore from ` 17041.29 crore as at June-2016 to ` 16310.13 crore as at June-2017, thus registering a negative growth of -4.29 %. In the State , the share of advances to women beneficiaries to Net Bank Credit as at June-2017 stands at 7.29%, against the target of 5%. The bank- wise position of advances to women beneficiaries to total advances as at June-2017 is given as per Annexure-23(i-ii) {Page 130-131}.
During the quarter ended June-2017, banks have disbursed loans to the tune of `2704.65 crore to women beneficiaries. The bank-wise position is given at Annexure-23(iii) {Page 132}.
Item No. 26(ii) Advances to SC Beneficiaries
(Amount ` in Crore) Year Accounts Balance Increase Outstanding Absolute %age June 2015 364704 3840.17 242.73 June2016 434283 3852.16 11.99 0.31 June2017 417612 3790.91 -61.25 -1.59 [Bank-wise position as at June- 2016 is given in Annexure-16(ii) {Page 117}].
The overall advances to SC beneficiaries witnessed decrease of ` 61.25 crore during the period under review from `3852.16 crore as at June-
Agenda papers of 141st Meeting of SLBC-Punjab Page 54 2016 to `3852.16 crore as at June-2017, thus showing a decrease of 1.59%.
The House may review.
REVIEW OF GOVT. SPONSORED SCHEMES & PROGRAMMES
Item No.27 Review of Govt. Sponsored Schemes & Programmes
Item No.27 (i) National Rural Livelihood Mission (NRLM)- Implementation in the State of Punjab
The earlier SGSY scheme has been merged with NRLM. The scheme is being implemented in 40 blocks of all the 22 Districts. The cumulative performance is as under:-
Position of formation of Self Help Groups under NRLM
Target of No. of SHGs formed in Cumulative position (New+Revived) SHG the 1stquarter 2017 as at 30.06.2017 5215 531 4047
The representative of Department of Rural Development is requested to apprise the house the latest position.
Item No.27 (ii) Position of Women Self Help Groups under NRLM
Agenda papers of 141st Meeting of SLBC-Punjab Page 55 A major thrust of the Mission in the Deendayal Antyodaya Yojana- National Rural Livelihoods (DAY-NRLM) has been to develop and diversify livelihoods of poor women through bête access to Bank credit. Programmes for Skill Development of women and support for individual beneficiary schemes for livelihoods are undertaken to enable a larger demand for economic activity through Bank credit.
The progress as on 30.06.2017 is as under:-
Position of Women Self Help Groups.
No of Women SHG as on Position of women SHGs Cumulative position as on 31.03.2017 during the quarter 30.6.2017 Savin Credit Amount Savin Credit Amount Savin Credit Amount g Linke Disbursed g Linke Disbursed g Linke Disbursed( Linked d ( In Lacs) Linked d ( In Lacs) Linked d In Lacs) (Nos.) (Nos.) (Nos.) (Nos.) (Nos.) (Nos.)
5381 1672 2916.69 461 83 102.65 3079 418 345.43
Member Banks are requested to give more thrust on formation of women SHGs and for extending bank credit to women SHGs.
Item No.27(iii) Prime Minister Employment Generation Programme (PMEGP).
KVIC has informed the following progress under PMEGP for the year 2017-18 up to 30.06.2017:-
Particulars KVIC KVIB DIC Total Rural Urban Target No. of Projects 495 495 330 330 1650 Margin Money 981.85 981.85 654.57 654.57 3272.84 (Rs. in Lakh) Employment 3960 3960 2640 2640 13200
Agenda papers of 141st Meeting of SLBC-Punjab Page 56 Progress Cases 38 45 148 231 Sanctioned Margin Money 150.16 131.17 266.82 548.15 Released Employment 304 356 1180 1841
Observations:
A sum of ` 548.15 lakhs has been disbursed as margin money in the 231 cases disbursed upto 30.06.2017. 1841 unemployed youth have been provided employment.
District wise Targets for the financial year 2017-18 has been allocated by the KVIC and the same is provided at Annexure-24 (Page 133). Lead District Managers are requested to allocate bank wise targets and ensure to review the progress in each DCC/BLBC meeting.
During the deliberations in the 2nd Steering Committee meeting to SLBC held on 27.07.2017, the representative of the department requested the banks to dispose of the applications within the time frame fixed by RBI. State Director, RSETI pointed out that in the portal inspite of imparting training to the applicant the portal shows that the case are pending for training. The representative of the department assured to look into the matter for making necessary changes in the portal.
The representative of KVIC/KVIB/DIC may inform the House latest position.
Item No.27(iv) Physical verification for 2013-14 & 2014- 15 of PMEGP units in Punjab.
Agenda papers of 141st Meeting of SLBC-Punjab Page 57 KVIC vide their letter dated 12.04.2017 has informed that M/S Agriculture Finance Corporation India Ltd, New Delhi is selected for the purpose of physical verification for 2013-14 & 2014-15 of PMEGP units in the State of Punjab. Member banks are requested to extend cooperation to the agency in the matter and if required necessary information may be provided to the representative of the above Agency for timely completion of the work.
The representative of KVIC is requested to apprise the progress
Item No.27(v) On line e-Portal of PMEGP Scheme.
As per directives, all the applications received under PMEGP must be entered in the e-portal and only those applications will be entertained which will be entered in the e-portal. The procedure for entering the applications is as under:- 1. Open the website "www.kvic.org.in" 2. On home screen click on "PMEGP" 3. On PMEGP e-portal, Click on "bank login" link given on right corner. 4. Enter IFSC Code of branch as USER ID. 5. Enter email ID of the branch as PASS WORD. 6. SUBMIT
Branch will receive the one time pass word within one day and after that all applications received under PMEGP must be entered in this portal. Convener bank has already conveyed these instructions to all the member banks and have requested to reiterate the same among the branches of their bank and instruct them for meticulous compliance of the same.
For any technical support send mail to [email protected] from your branch email id with IFSC code, branch name, contact person name, designation and contact number.
Agenda papers of 141st Meeting of SLBC-Punjab Page 58 Member banks are again requested to ensure to reiterate these instructions among the branches of their bank for compliance and take steps for activation of portal.
Item No.27(vi) National Urban Livelihoods Mission (NULM)
Government of India has restructured the SJSRY scheme to National Urban Livelihoods Mission (NULM), which is applicable to cities with population of 1 lac or more and all the District Head Quarter Towns/Cities whether its population of less than 1 Lac as per the census of 2011.In the State of Punjab only 26 town/cities will be covered. Further under NULM only the interest subsidy will be given to the beneficiaries for setting up Micro Enterprises. The interest subsidy will be given over and above the 7% interest. There is no capital subsidy for any project (Individual or Group). The Bank-wise/District-wise targets are as per Annexure-25. (Page 134-135)
The progress under the scheme is as under:-
Targets of loan Number of Applications Received Application Sanctioned Pending Amount disbursal for FY Rejected with banks Disbursed 2017-18 (in lacs) SEP(I) 200 700 36 71 593 97.49 MUDRA 1200 26 0 26 0 21.51 TOTAL 1400 726 36 97 593 119
Member banks are requested to dispose off the applications on merits within the time schedule fixed by Reserve Bank of India.
Agenda papers of 141st Meeting of SLBC-Punjab Page 59 The representative of department of NULM is requested to apprise the house latest in the matter please.
Item No.28 Prime Minister’s 15 Point Programme for Minorities-Fixing of Physical targets under DAY (NULM)
Ministry of Housing & Urban Poverty Alleviations vide their communication dated 12.06.2017 has informed that Deen dayal Antyodaya Yojana-National Urban Livelihoods mission ( DAY-NULM) is one of the schemes covered under Prime Minister’s 15 Point Programme for Minorities. As per the guidelines of Prime Minister’s 15 Point Programme for minorities, a minimum of 15% of the physical targets have to be earmarked for minorities in every financial year.
The achievement of physical targets for minorities is at least to the extent of their population in the State. However, it must be ensured that at least 15% of achievements are of minorities. The Physical target during 2017-18 under DAY-NULM for the State of Punjab is as under:-
Employment through skills Self Employment Programme Social Mobilization training & Placement (SEP) & Institution (EST&P) Development (SM&ID) No. of Minority No. of minority No. of minority No. of minority minority placement beneficiaries beneficiaries in beneficiaries to be beneficiaries target to be assisted SHGs to be covered under to be for setting up covered under SHGs formed. imparted skill of individual SHGs Bank training and group Linkage. micro enterprises. 1500 1050 638 3710 21000
Agenda papers of 141st Meeting of SLBC-Punjab Page 60 Member banks are requested to ensure that at least 15% of achievements under DAY-NULM are of minorities for achievements of the consolidated targets fixed for the State.
Item No.29 Micro Financing – Self Help Groups
The summary of progress made in implementing the concept of Self Help Groups both under the Scheme of SGSY and Normal Lending up to 30.06.2017 is given below:-
SHGs SHGs Gap between From 01.04.2017 As on 31.03.2017 As on 30.06.2017 SHG formed up to 30.06.2017 No. of No. of No. of No. of & credit No. of No. of SHGs SHGs SHGs SHGs linked as on SHGs SHGs formed credit formed credit 30.06.2017 formed credit linked linked linked 39021 27190 39444 27342 12102 423 152
(District-wise Progress is as per Annexure-26 {Page 136}
Observations:
Up to 30.06.2017, 39444 Self Help Groups were formed out of which 27342 Groups have been credit linked since inception of the scheme.
The gap between the SHGs formed & linked with bank credit is 12102. During the current financial year 423 groups have been formed up to June 2017.
The pace of formation & credit linkage of SHGs needs to be accelerated. The House may deliberate.
Item No.29(i) Joint Liability Groups- Financing of Joint Farming Groups of ‘Bhoomi Heen Kissan’.
Agenda papers of 141st Meeting of SLBC-Punjab Page 61 In view of the Union Budget announcements on financing five lakh joint farming groups of ‘Bhoomi Heen Kissan’ targets on Financing of Joint Liability Groups of ‘Bhoomi Heen Kissan’ were allocated by NABARD. The summary of progress made in implementing the concept of Joint Liability Groups up to 30.06.2017 is given below:-
JLG Financed upto Target JLGs Financed Total JLGs 31.03.2017 during q.e.June- Financed 2017 Up to 30.06.2017 24005 6400 433 24438 (District-wise performance is attached as per Annexure-26(i) {Page 137}
Member banks are again requested to reiterate guidelines to their branches on financing of JLG for farm sector and non farm sector activities and monitor the branch wise progress in financing of JLG on monthly basis.
Item No. 30 Annual Credit Plan 2017-18.
Item No. Annual Credit Plan 2017-18 Achievements 30(i) up to 30.06.2017
The achievement under Annual Credit Plan (2017-18) up to June-2017 is given below (Amount ` in crore) Sector ACP 2016-17 up to ACP 2017-18 up to June 2016 June 2017 Targets Ach. % Targets Ach. % Ach. Ach. Agriculture 25440 26078 103 28779 23651 82 NFS (MSME) 9449 7845 83 8910 9209 103 Other 7579 3610 61 9301 3019 32 Priority Housing Sector others Total 42468 37533 88 46990 35879 70
Agenda papers of 141st Meeting of SLBC-Punjab Page 62 District-wise & Bank-wise disbursement under ACP Annexure-27 & 28 {Page 138-145} District-wise & Bank-wise Targets vis-à-vis Achievements under ACP Annexure-29 (i) & 29(ii) {Page 146-147}
As against targets of `28779 crore under Annual Credit Plan, Banks have disbursed loans to the order of ` 23651 crore. The percentage achievement works out to 82%.
Banks disbursed loans amounting to `9209 crore against the target of `8910 crore set forth for NFS (MSME). The achievement comes to 103%.
Banks disbursed loans to the tune of `3019 crore under Other Priority Sector against the target of`9301 crore. The achievement comes to 32%.
District wise Analysis
The perusal of district-wise progress up to June-2017 under ACP 2017-18 is given at Annexure-29(i) {Page 146} which reveals as under:-
The overall targets have been exceeded in 6 districts i.e. Ferozepur, Gurdaspur, Kapurthala, Muktsar, Pathankot & Tarn Taran and missed by varying margins in other districts.
The targets under Agriculture Sector have been achieved in 8 districts i.e. Barnala, Faridkot, Ferozepur, Gurdaspur, Kapurthala, Pathankot, Patiala & Taran Tarn and missed by varying margins in other districts.
The targets under MSME Sector have been exceeded in 9 Districts i.e. Bathinda, Fatehgarh Sahib, Ferozepur, Gurdaspur, Hoshiarpur, Muktsar, Kapurthala, Ludhiana & Pathankot and missed by varying margins in remaining districts.
Agenda papers of 141st Meeting of SLBC-Punjab Page 63 The targets under Other Priority Sector have been achieved in 3 Districts i.e. Gurdaspur, Muktsar & Pathankot and missed by varying margins in remaining districts.
Agriculture & Allied Activities
As against target of ` 15952 crore under agriculture sector, Commercial Banks, have disbursed loans amounting to ` 12313 crore. The achievement works out to 77%.
As against target of ` 4008 crore under agriculture sector, Private Sector Banks, have disbursed loans amounting to ` 4157 crore. The achievement works out to 104%.
As against target of ` 1565 crore under agriculture sector, RRBs have disbursed loans amounting to `2206 crore, thus showing achievements of 141%.
As against target of `7253 crore under agriculture sector, Cooperative Banks have disbursed loans amounting to `4983 crore, thus showing achievements of 69%.
MSME Sector
As against target of ` 7198 crore under this sector, Commercial Banks have disbursed loans amounting to `5627 crore. The achievement comes to 78%.
Agenda papers of 141st Meeting of SLBC-Punjab Page 64 As against target of ` 1511 crore under this sector, Private Sector Banks have disbursed loans amounting to ` 3502 crore. The achievement comes to 232%. As against target of ` 8775 crore under this sector, RRBs have disbursed loans amounting to `9169 crore. The achievement comes to 104%. As against target of ` 135 crore under this sector, Cooperative Banks have disbursed loans amounting to `40 crore. The achievement comes to 30%.
Other Priority Sector
As against target of `6967 crore under this sector, Commercial Banks have disbursed loans amounting to `2289 crore, the achievement comes to 33%. As against target of ` 1723 crore under this sector, Private Sector Banks have disbursed loans amounting to ` 347 crore, the achievement comes to 20%.
As against target of ` 8767 crore under this sector, RRBs have disbursed loans amounting to ` 2669 crore, the achievement comes to 30%. As against target of ` 2100 crore under this sector, Cooperative Banks have disbursed loans amounting to ` 1444 crore, the achievement comes to 65%. The house may review the progress.
Item No. 31 NPA in Agriculture Sector
Agenda papers of 141st Meeting of SLBC-Punjab Page 65 The position of NPAs under Agriculture Loans in the State of Punjab as on 30.06.2017 is given as under:- (Amount ` in Crore)
Outstanding under NPA under %age Total %age of Agriculture Loans Agriculture loans of NPA Advance NPA to No. of Amt. No. of Amt. to Agri. s total Accounts Accounts advanc advance es s 3028672 81175 129810 5731 7.06 236463 2.42
(Bank-wise progress is as per Annexure-30 Page 148)
NPA under Agriculture are to the tune ` 5731 cores which is 7.06% of agriculture advances outstanding and 2.42% of total advances respectively in the State.
This is for the information of the House.
Item No. 32 Ground level Credit data
The Ground level credit disbursement by the financial institutions in the State of Punjab. The position of disbursement segment wise is as under:- (Amount ` in Crore)
Particular Crop Loans Term Loan Agriculture Total Agriculture
Target Achieve Targets Achieve Targets Achieve s ments ments ments
Commercial 18244 13857 5761 2670 24005 16527 Banks
RRBs 1535 2040 332 155 1867 2196
Coop. Banks 6815 4230 1253 627 8068 4857
PADB 106 37 320 34 426 71
Total 26700 20164 7666 3486 34366 23651
Agenda papers of 141st Meeting of SLBC-Punjab Page 66 The Segment wise position is placed as Annexure-31 {Page 149}.
The house may discuss.
Item No. 32 (i) Agriculture Advances through Term Loan.
The Position of Term Loan to agriculture sector is as under:-
(Amt. `in crores)
Outstanding under Agriculture Outstanding under Term Loan Advances
No. of Accounts Amount No. of Accounts Amount
1634651 70760 518802 13359
Thus Term Loan to agriculture constitutes 18.87% of total agriculture advances. The position is placed as Annexure-32 {Page 150}.
This is for information of the house.
Item No. 33 Approval of Crop Season for the State of Punjab.
The Crop Season for the State of Punjab was last approved in the 89th meeting of SLBC, held on 22.09.2004. The crop season for each crop which means the period up to which harvesting of the crops raised takes place, would be as determined by State Level Bankers Committee in each state.
We propose the following crop duration for the approval of the house which has been prepared in due consultation of the State Agriculture Department:-
Agenda papers of 141st Meeting of SLBC-Punjab Page 67 Name of Crop Crop Season Crop Season (sowing) (Harvesting)
(short duration) Wheat, Mustard Seeds Oct-Nov April-May Paddy, Cotton, Maize, April-May Oct-Dec. Ground Nut Sunflower January/February April-May Sugar Cane Feb-March Dec.-February
For the purpose of these guidelines, "long duration" crops would be crops with crop season longer than one year and crops which are not "long duration crops" would be treated as Short Duration Crops. The bankers would apply the above revised norms and adhere to the above Harvesting Crop Seasons while deciding ‘Due Date’/’Overdue Period’ under NPA norms in case of Direct Agriculture Advances. The house may approve.
Item No.34 Solar Pumpset Scheme of Ministry of New Renewable Energy.
As per the directions of Ministry of New Renewable Energy convener bank has requested all the member banks to allocate target of minimum one solar pump per rural branch during 2017-18. The progress of banks in financing solar pump during 2017-18 is as under:-
Agenda papers of 141st Meeting of SLBC-Punjab Page 68 (Amt `in lacs.)
Target for the Number of Solar Pump Amount F/Y 2017-18 Financed during quarter Disbursed ending June-2017 since 01.04.2017 3180 32 66
(Bank-wise detail as per Annexure-33) {Page 151}
Member Bank are requested to take steps for achievement of targets under the scheme.
Item No.35 Farmers’ Club Programme.
The cumulative progress achieved in formation of Farmers’ Clubs in Punjab as at 30.06.207 is as follows:-
Farmers club Farmers Club Farmers Club Cumulative target for approved upto launched position as 2017-18 June-2017 during 2017- on 18 30.06.2017 Not informed Nil Nil 2865
During the financial year 2017-18, Commercial banks in Punjab have launched/ established 118 new Farmers’ Clubs.
The House may review the progress.
Item No.36 National Horticulture Board & National Horticulture Mission
Agenda papers of 141st Meeting of SLBC-Punjab Page 69 The summary of the progress achieved in LOI cases of National Horticulture Board as on 30.06.2017 is as follows:-
(Amount ` in Lacs) Year LOI Issued Cases disbursed Subsidy Released 2013-14 22 21 622.62 2014-15 50 10 616.70 2015-16 77 17 702.24 2016-17 15 43 778.23 2017-18 0 0 0.00
The House may review the progress.
Item No. 37 Advances to Industrial Sector
Item No. 37(i) Credit to Micro, Small & Medium Enterprises (MSME)
Reserve Bank of India vide circular RPCD.SME & NFS.NO. BC.90/ 06.02.31/2009-10 dated 29th June, 2010 read with extant instructions contained in para 1.3 and para 2.1.3 of the Master Circular on lending to Micro, Small and Medium Enterprises (MSME) banks are advised to ensure that:-
40% of total advances to MSE sector should go to micro (manufacturing) enterprises with investment in plant & machinery upto `10 lakh and micro (services) enterprises having investment in equipment up to ` 4 lakh;
20% of total advances to MSE sector should go to micro (manufacturing) enterprises with investment in plant & machinery above `10 lakh and up to ` 25 lakh and micro (services) enterprises with investment in equipment above `4 lakh and up to ` 10 lakh. (Thus 60% of MSE advances should go to micro enterprises).
Agenda papers of 141st Meeting of SLBC-Punjab Page 70 In terms of the recommendations of Prime Minister’s Task Force on Micro, Small & Medium Enterprises (MSMEs) under Chairmanship of Shri TKA Nair, the banks have been advised as under:-
Achieve a 20% Year on Year growth in credit to micro and small enterprises to ensure enhanced credit flow, The allocation of 60% of MSE advances to the micro enterprises Achieve a 10% annual growth in number of micro enterprise accounts. It is further advised that banks should open more SME focused branch offices at different MSE clusters which can also act as Counseling Centers for MSEs. Each Lead Bank of a district may adopt at least one MSE cluster.
(Amount ` in crore) Particulars June-2016 June-2017 Accounts Amount Accounts Amount Micro Enterprises 432518 19895 542230 20117
Small Enterprises 82402 21071 93417 20454 Micro & Small 514920 40966 635647 40571 Enterprises (MSE) Share of advances Not Applicable 49% Not 49.58% to Micro Applicable Enterprises / MSE Medium 8589 5236 7276 6300 Enterprises (ME) MSME 432518 19895 642923 46871 (Bank-wise performance is as per Annexure-34 & 34(i) {Page 152-153}.
Observations
In the State of Punjab, banks have provided credit to the tune of ` 40571 crore to 635647Micro & Small units up to June-2017 as against ` 40966 crore to 514920 units as at June-2016. The annual growth in number of micro enterprises accounts is 25.36 % against the target of 10%.
Agenda papers of 141st Meeting of SLBC-Punjab Page 71 The YoY growth of credit to MSEs has decreased by 0.96% against the target of 20%.
The share of advances to micro enterprises to total MSE as at June-2017 is 49.58% against stipulated level of 60%.
The Controlling Heads of Banks are requested to take further steps for enhancing MSEs outstanding as also the share of advances to Micro Enterprises from Micro & Small Enterprises so that the stipulated level of 60% is achieved.
Item No. 37.i (a) Financing of New Units
As per the policy package announced by Hon’ble Finance Minister, each Urban & Semi Urban bank branch is to provide financial assistance to at least 5 new units under Tiny, Small & Medium industry in a year.
The position of financing of New Units up to June-2017 is given below:- (Amount ` in Crore) Institution Number New SME Units New SME of U/SU Financed Accounts Branches Number Amount Opened Per Branch Commercial Banks 3708 24079 2909 6.49 RRBs 77 705 8 9.16 Total 3785 24784 2917 6.55 (Bank-wise performance is as per Annexure 34(ii) {Page 154}
Observations:
Agenda papers of 141st Meeting of SLBC-Punjab Page 72 During the period ended June-2017, 3785 Urban/ Semi Urban branches of banking system in Punjab have financed 24784 new accounts under SME sector.
The per branch new SME account comes to 6.55 as against annual target of 5 cases per branch.
The performance is satisfactory.
Item No. 37.i (b) Collateral Free Loans to MSME
The position for the quarter ending June-2017 is summarized below:-
(Amount ` in Lakh) Period New MSEs loans Out of which collateral free loans upto ` 10 lakh Quarter No. of Amount No. of units Amount ended units June-2015 22093 60213 20101 39942 (91%) (67%) June.2016 40455 50550 38958 49017 (96%) (97%) June.2017 31988 84466 29541 78812 (92%) (93%) (Bank-wise information is as per Annexure-34(iii) {Page 155}
Banks have provided loans up to ` 10 lakh to 31988 MSE units during the quarter ended June-2017, out of which collateral free loans have been provided to 29541 units which means the coverage is 92%.
As per extant guidelines, all loans upto ` 10 lacs to SME are mandatorily to be given without taking any collateral security.
Agenda papers of 141st Meeting of SLBC-Punjab Page 73 The house may review.
Item No. 37.i (c) Position of NPA in MSME advances
The relevant data in this regard for quarter ended June-2017 is placed below:- (Amt . in ` crore) Number of Amount of Out of 2, %age of Out of Out of 5, %age MSME Loan MSME Loan NPA NPA 2, MSME NPA of NPA accounts outstanding outstanding under loan outstanding in outstanding MSME granted colleter Loan collater al free al free MSME
1 2 3 4 5 6 7
642923 46870 5558 11.86 3848 657 17.07
(Bank-wise detail as per Annexure-34(iv) {Page 156} The House may discuss. Item No. 37.i (d) Review of Growth in MSE Accounts
The relevant data in respect of Commercial Banks for quarter ended June-2017 is placed below:- (Amt . in ` lacs) MICRO ENTERPRISES MICRO & SMALL Accounts ENTERPRISES No. of New accounts % Credit Credit % Accounts opened during growth Outstanding provided growth as on the Financial in No. of as on during in 31.03.2017 year upto Accounts 30.06.2017 the Year credit. June-2017 upto June.17 501928 55358 11 39192 8476 22 (Bank-wise detail as per Annexure-34(v) {Page 157}
Observations:
During the period under review the Commercial Banks in the State opened 55358 new accounts of Micro Enterprises showing growth of 11% in the number of accounts opened during this fiscal year.
Agenda papers of 141st Meeting of SLBC-Punjab Page 74
Banks in the State have provided fresh credit to the tune of `8476 crores to MSE during the period under review, thus showing a growth of 22 %. This is for information of the House.
Item No. 37.i (e) Position of Sick MSEs.
The position of sick SME units as at June-2017 is as follows:- (Amt. ` in Crores) SME units SME units classified as Units under Units where identified as sick nursing viability as at 30.06.2017 decision yet to be taken Unit Amt. Viable Non viable Uni Amt Unit Amt. s Uni Amt Unit Amt. ts . s ts . s 16763 1927.89 375 21.99 16277 1876.83 177 5.46 111 29.02 (The bank-wise data is available on Annexure-35 {Page 158} Item No. 37.i (f) Credit Guarantee Fund Scheme for Micro & Small Enterprises
The comparative position of coverage under the scheme is as follows:-
(Amount ` in lakh) Cumulative Coverage Cumulative Coverage during 2017-18 Position As on 31.03.2017 (Upto June-2017) as at June-2017
Accounts Amount Accounts Amount Accounts Amount 61843 324134 2011 12268 63854 336403 (Bank-wise performance is as per Annexure-36) {Page 159}
Observations:
The banks, up to June-2017, have covered 63854 MSE units amounting to ` 336403 lakh under the Credit Guarantee Fund Scheme.
Agenda papers of 141st Meeting of SLBC-Punjab Page 75 Upto the period ended June-2017, banks have covered 2011 cases under the scheme amounting to `12268 lakh.
The house may review the performance.
Item No. 38 Standing Advisory Committee on MSME- Rationalization of Mortgage Registration Charges.
The 21st meeting of Standing Advisory Committee on MSME held on March 3, 2017 at RBI, Chennai and at action point no. 11 of the said meeting, it has been decided that "IBA to prepare a compendium of mortgage registration charges prevailing in all States and provide it to the SLBC convenor banks so that the committee may take up the matter with their respective State Government for rationalisation of charges."
Convener Bank vide their e-mail dated 18.04.2017 sent the compendium of mortgage registration charges prevailing in all the States/UTs to Director, Institutional Finance & Banking and have requested to take up the matter with concerned department to know the view point of the State Government for rationalization of Mortgage Registration charges in the State of Punjab.
The representative of the Department of Institution Finance & Banking is requested to apprise the latest position in the matter.
Item No.39 Recovery of Banks' Dues - Pending Recovery Certificates under State Recovery Acts
Agenda papers of 141st Meeting of SLBC-Punjab Page 76 The position as at June-2017of pending Recovery Certificates filed under State Recovery Acts is given below:- (Amt. ` in lac) S. Particulars No. of RCs Amount No. i Cases settled during the 595 1768.52 quarter ii Total pending cases 1539 5287.41 iii Out of (ii) above, cases 139 667.96 pending for less than six months iv Out of (ii) above, cases 338 464.18 pending for more than six months but less than one year. v Out of (ii) above, cases 1062 4155.27 pending for more than 1 year. (District-wise & Bank-wise position is as per Annexure 37 {Page 160-161}
Observations
As many as 1539 cases filed under State Recovery Acts involving a sum of ` 5287.41 lakh are lying pending with Recovery Officers. 1062 RCs with amount outstanding to the tune of ` 4155.27 lac are pending for more than 1 year. The pendency in respect of RCs for more than One year is mainly in respect of Districts of Amritsar, Bathinda, Fazilka, Ludhiana, Muktsar & Tarn Taran and mainly of PNB, SBI, & Punjab Gramin Bank.
Lead District Managers are requested to attend the revenue officers meetings and discuss the pending cases and take steps for settlement of pending recovery cases.
Item No. 40 Delay in taking possession of assets by Chief Metropolitan Magistrates/District Magistrates under section 14 of SARFAESI Act, 2002.
Agenda papers of 141st Meeting of SLBC-Punjab Page 77 The Bank-wise position of pending cases under SARFASAI in the State of Punjab under as on June-2017 is as under:-
(Amt ` in Lacs)
No. of Pending Cases Cases pending Amount with Metropolitan for more than Involved Magistrates/District one Month Magistrates 150 150 29715.59
(Bank-wise Position is as per Annexure 38) {Page 162} (District-wise position is as per Annexure 38(i) {Page 163-169}
Directorate of Institutional Finance & Banking has already requested all the District Magistrates in the State of Punjab to accord due priority to these cases and if required Revenue Officer may be authorized for taking help of the police wherever necessary for the purpose. However, police may not investigate the matter at their level as there is no such provision in the said Act. In such cases, police is mainly to assist the District Magistrate or the officer authorized as aforesaid to take possession of the secured assets.
Member Banks/LDMs are requested to take note of the above instruction of the department and take steps for settlement of pending cases under SARFAESI Act.
Item No.41 Dairy Entrepreneurship Development (DEDS) Scheme.
Dairy Entrepreneurship Development is a central sector scheme for generation of self employment opportunities in the dairy sector, it is
Agenda papers of 141st Meeting of SLBC-Punjab Page 78 covering activities like improvement in milk production, procurement, preservation, transportation, processing and marketing of milk. The performance under the scheme upto q.e. June-2017 is as under:-
(Amt. ` in Lacs) Targets under Achievements up %achievement DEDS to June-2017 For 2017-18 Not allocated by 18184 N.A. Deptt (Bank wise progress is as per Annexure 39) {Page 170}
The representative of the Dairy Development Department is requested to deliberate.
Item NO. 41 Yearly Calendar of holding SLBC meetings
Calendar for the year 2017-18 was placed in the 140th meeting of SLBC which was approved by the house. The 142nd SLBC as per the approved calendar is scheduled to be held on 15th November 2017 (Wednesday).
The schedule of other activities relating to convening of SLBC meetings as conveyed by RBI is reiterated for the information of members as under:-
S.No. Activity To be completed by (Date) 1. Preparation of calendar of SLBC 15th of January every year meetings and intimation to all concerned of the cut off dates of submission of data and dates of
Agenda papers of 141st Meeting of SLBC-Punjab Page 79 meetings as per dateline given below:- 2. Reminder regarding the exact date 15 days before the end of the of meeting and submission of data quarter by banks to SLBC 3. Dead line for receipt of data by 15 days from the end of the SLBC Convener Bank quarter 4. Distribution of agenda cum 20 days from the end of the background papers quarter 5. Holding of SLBC Meeting Within 45 days from the end of the quarter 6. Forwarding the minutes of the Within 10 days from the holding meeting to all stakeholders the meeting 7. Follow up of action points emerged To be completed within 30 days from the meeting of forwarding the minutes for review in the next meeting
Banks and LDMs are requested to ensure submission of data duly checked as per above schedule.
This is for information of the house.
Any other issue with the permission of the Chair
Agenda papers of 141st Meeting of SLBC-Punjab Page 80 ITEMS FOR INFORMATION OF THE MEMBERS
Item No.43 Basic Banking Accounts and issuance of GCCs
The progress achieved by banks in opening of Basic Banking Accounts and issuance of GCCs up to June-2017in Punjab State is as follows:-
(Amount ` in Lakh)
Basic Banking Accounts GCCs Outstanding Opened Number Amount Number Amount
11285257 723853 196493 310439
(Bank wise progress under Basic Banking Accounts is as per Annexure 40) {Page 171}
(Bank wise progress under issuance of GCCs is as per Annexure 40(i) {Page 172}
Observations
Banks during the quarter ended June-2017 have opened 727254“Basic Banking Accounts” having balance of ` 30215 lakh.
Banks during the quarter ended June-2017, banks have issued 19072 GCCs amounting to ` 24637 Lakh.
In view of the importance of “Financial Inclusion” the Controlling Heads of banks are requested to issue instructions to the concerned quarters for bringing the underserved section of the society to the bank’s fold by opening of “Basic Banking Accounts” and/or issuing of cards under GCC scheme.
Agenda papers of 141st Meeting of SLBC-Punjab Page 81 Item No 44 Providing Saving-cum-OD Account Facility to other families living in Rural Areas having no Land
Department of Financial Services, Ministry of Finance, Govt. of India advised certain action points with regard to lending under Priority Sector and one of the action point was that each bank will work out a scheme if none exists, for giving Saving cum OD Account to other families which do not have any land and live in the Rural Area. This account should have an OD limit of ` 10,000/- against the personal guarantee of the villager and the villager should be able to use the bank account for Savings or meeting the requirements of consumption purposes on a need based basis and use the OD.
Controlling heads of all the banks to kindly take steps to implement the above facility as desired by the Ministry of Finance.
Item No.45 Progress of Agro Food Processing Industries.
The performance under the scheme upto q.e. June-2017is as under:-
(Amt. ` in Lacs) Advances made during Cumulative figures the quarter June-2017 up to June-2017 No. of Amount No. of A/cs Amount A/cs 829 70028 829 70028 (Bank wise progress is as per Annexure 41) {Page 173}
This is for information of the house.
Agenda papers of 141st Meeting of SLBC-Punjab Page 82 Item No.46 Swarojgar Credit Card Scheme
The progress up to June-2017under the Scheme is as under:-
(Amt. ` in Lac)
Particulars Commercial RRBs Coop. Total Banks Banks Annual Target (Nos.) 2500 1000 1500 5000 Pro-rata target 625 250 375 1250 No. of SCCs Issued 59 0 12 71 Amount Disbursed 12 0 12 24 (Bank-wise progress is as per Annexure-42) {Page 174}
The analysis of the data reveals that against the quarterly target of 1250 Swarojgar Credit Cards (SCCs), Banks up to June-2017 have issued 71 cards amounting to `24 lacs.
The house may review the progress please.
Item No. 47 Kisan Credit Card (KCC) Scheme
The progress achieved by banks in implementing Kisan Credit Card scheme up to 30.06.2017 is given below:-
Agenda papers of 141st Meeting of SLBC-Punjab Page 83 (Amt. ` in crores) Period Sanctioned Disbursed Outstanding No. of Amount No. of Amount No. of Amount KCCs KCCs KCCs Commercial Banks 2006-07 127378 1922.72 126600 1991.76 125885 1968.40 2007-08 132795 2740.04 132217 2705.51 130283 2610.29 2008-09 165774 3717.19 165218 3601.61 164644 3536.68 2009-10 148942 3660.91 147827 3572.18 147453 3562.37 2010-11 208279 5286.39 196436 5162.14 168840 2477.68 2011-12 238586 8347.89 237801 8138.17 235003 7930.88 2012-13 284701 11276.01 284076 10819.74 212615 8747.40 2013-14 333958 18662.62 333186 18489.25 293747 14203.93 2014-15 288364 20649.10 288250 19795.64 362032 18218.58 2015-16 347069 21151.50 344281 20133.70 223255 14995.16 2016-17 263828 14839.91 262901 15155.59 318409 14602.41 Since 3325842 120284.27 3247196 117792.54 1188582 54090.84 inception up to June17 Cooperative Banks 2006-07 33937 205.78 33937 205.78 33937 205.78 2007-08 35494 601.51 35494 601.51 35494 601.51 2008-09 18570 157.57 18111 139.62 18111 139.61 2009-10 16216 749.47 16216 749.47 16216 749.47 2010-11 22417 332.44 22415 282.78 14241 175.27 2011-12 8095 149.25 8077 148.87 8075 148.02 2012-13 17521 239.31 17521 239.31 17521 239.31 2013-14 15804 192.45 15804 192.45 15804 192.45 2014-15 13840 128.08 13840 128.08 13840 128.07 2015-16 10357 93.06 10357 93.06 10461 79.25 2016-17 6428 65.19 6428 65.19 6428 65.19 Since 1005125 7894.04 1005103 7843.95 960354 7229.55 inception up to June-17 Total 4330967 128178.31 4252299 125636.49 2148936 61320.39 since inception (Bank-wise progress up to June-17 is as per Annexure-43) {Page 175}
Agenda papers of 141st Meeting of SLBC-Punjab Page 84 Highlights
From 1st April 2017 to 30th June 2017, the Commercial Banks have sanctioned 79305 Kisan Credit Cards amounting to `3289.17 crores and disbursement has been completed in 79163 cases to the extent of `3216.73 crores. In addition to this, during the same period, Cooperative Banks have sanctioned 546 Kisan Credit Cards amounting to `2.72 crores.
Since inception of the scheme, Commercial and Cooperative Banks jointly have sanctioned kisan credit cards to 4330967 farmers amounting to ` 128178.31 crores in the State, out of which disbursement has been made to farmers to the tune of ` 125636.49 crores. On cumulative basis, there are 2148936 outstanding KCCs amounting to `61320.39 crores as at 30.06.2017.
This is for information of the House.
Item No.47(i) KCC-ATM cum Debit Cards position.
The position of KCC outstanding and the number of ATM Debit Card issued to the KCC holders as on 30.06.2017 is as under:-
KCC outstanding ATM-cum Debit No. Of KCC holders as on June-2017 card issued up to without ATM June-2017 cards. 2148936 1499322 649614
(Bank wise position is as per Annexure-43(i) {Page 176}
This is for information of the house.
Agenda papers of 141st Meeting of SLBC-Punjab Page 85 Item No. 48 Golden Jubilee Rural housing Finance Scheme
The progress achieved under the scheme up to 30.06.2017 is given below:-
(Amount ` in lac) During quarter ended Cumulative up to June-2017 June-2017 Sanctioned Disbursed Sanctioned Disbursed No. Amt. No. Amt. No. Amt. No. Amt. 1140 3773 1139 3164 1140 3773 1139 3164 (Bank-wise position is given as per Annexure 44) {Page 177}.
Observations:
During the quarter ended June-2017, under Golden Jubilee Rural Housing Scheme, banks have sanctioned loans to 1140 beneficiaries amounting to ` 3773 lac and disbursement has been completed in 1139 cases to the tune of ` 3164 lac under the Scheme.
This is for information of the members.
Item No. 49 Implementation of Nayak Committee Recommendations
As per Reserve Bank of India guidelines for assessing working capital limits of village, tiny and other SSI units requiring fund based limits up to ` 5 crore, banks have to adopt procedure based on Nayak Committee guidelines, i.e. sanction of working capital limits @ 20% of the projected turnover.
Agenda papers of 141st Meeting of SLBC-Punjab Page 86 The performance data of banks in implementing Nayak Committee recommendations during the quarter ended June-2017 is given below:- (Amt. ` in crore) Sr. Particulars Previous quarter Current quarter No. ended March- ended June-2017 2017 No. Amount No. Amount a) Loans sanctioned to SSI 7350 529.28 8474 405.37
b) Out of (a) above, loans 7201 427.48 8393 390.98 sanctioned as per Nayak Committee Norms. (Bank-wise performance is as per Annexure-45 {Page 178}
Highlights
During the quarter ended June-2017, banks have sanctioned loans amounting to ` 405.37 crore to 8474 SSI units. Out of these, loans amounting to ` 390.98 crore have been sanctioned to 8393 SSI units as per Nayak Committee Norms which constitutes 96% cases. In remaining cases, the borrowers were not willing to avail the credit limits as per Nayak Committee Recommendations, due to the turnover of current assets being high and/or higher level of creditors.
This is for information of the House.
Item No. 50 Financing of Tenant Farmers/Oral Lessees and Share Croppers.
NABARD has informed that Andhra Pradesh State Govt. has recently promulgated an ordinance titled "Andhra Pradesh Land Licensed Cultivators Ordinance 2011” to facilitate financing of tenant farmers, oral lessees and share croppers by financial institutions. The ordinance envisages issuance of ‘Loan and Other Benefits Eligibility Cards’ to tenant farmers, oral lessees and share croppers to access credit from the Public Financial Institutions and to claim benefits of
Agenda papers of 141st Meeting of SLBC-Punjab Page 87 input subsidy, crop insurance compensation for damage to crop and for matters connected therewith or incidental thereto.
Such an initiative would lead to smoothening the process of access to the formal credit delivery system by tenant farmers/oral lessees/share croppers, etc. thereby helping the JLG programme to scale new heights.
Director, Agriculture Department Government of Punjab have informed that the case has been sent to Financial Commissioner (Revenue), Govt. of Punjab, for implementation of Act in the State.
The representative of Department of Agriculture/IF&B is requested to apprise the house latest position in the matter.
Item No. 51 National Handicapped Finance and Development Corporation (NHFDC)
Ministry of Social Justice & Empowerment, Government of India as informed that NHFDC functions as an apex Institution for promoting economic development activities and self - employment ventures for the benefit of persons with Disabilities (PwDs). The detailed information on schemes and programmes of NHFDC is available on website www.nhfdc.nic.in.
NHFDC has recently tied-up with 3 Public Sector Banks (Bank of Baroda, Andhra Bank & IDBI Bank) and 24 Regional Rural Banks for flow of collateral free concessional credit (interest rate of 4-8% per annum) to PWDs for self employment under credit guarantee scheme of Government of India. These banks will also extend education loans to eligible students with disabilities for higher education in India or abroad at an interest rate of 3.50 – 4% per annum only. Other members banks are requested to sign similar agreement with NHFDC for flow of concessional credit to PWDs.
Agenda papers of 141st Meeting of SLBC-Punjab Page 88 Controlling Heads of these Public Sector Banks are requested to send the progress to the Convener Bank.
Item No. 52 Government Sponsored Subsidy Schemes under farm & non farm sector.
In order to create infrastructure and increase capital formation in agriculture and SSI, the Government of India has launched various schemes, wherein the Govt. of India also provides subsidy. NABARD is nodal agency for implementation of all such schemes. The progress up to 30.06.2017 made under different schemes conveyed by NABARD is placed below:- (Amt. `in lakh) S.No. Scheme Case Financial Bank Subsidy s Outlay Loan Sanctioned 1 Cold 132 17102 10160 3152 Storage 2 Rural 1546 164540 119208 20653 Godowns 3 ACABC 10 84 75 27 4 CLCSS 434 NA 16889 2537 5 AMI 2034 99224 69998 24104 6 Solar Light 53 32 15 12 & Solar Water Heater 7 Solar 55 298 194 115 Water Pump Scheme 8 Solar Light 137 1275 782 208 & Water Heater Total 4401 282555 217321 50808
Agenda papers of 141st Meeting of SLBC-Punjab Page 89
Cold Capital Investment Subsidy Scheme (CSISS) for Storage construction /renovation / modernization of cold storages Rural CISS for Rural Godowns Godowns
ACABC Agri Clinic Agri Business Centers
CLCSS Credit Linked capital Subsidy Scheme for Technology Upgradation. AMI Agriculture Marketing Infrastructure
NPOF CISS for Commercial Production Units of Organic Inputs under National Project of Organic Farming.
This is for the information of the members.
Agenda papers of 141st Meeting of SLBC-Punjab Page 90