MINUTES OF THE 137TH MEETING OF SLBC Held on 21.03.2014
137th meeting of SLBC, Tamil Nadu was held at Chennai on 21st March, 2014. List of participants is furnished as an annexure:
Welcome Address:
Shri.Atul Agarwal, Executive Director, Indian Overseas Bank, welcomed the participants to the 137th meeting of SLBC, Tamil Nadu. He has highlighted the various special SLBC meetings held after the 136th meeting of SLBC held on 23.12.2013. He has advised the Lead Banks to extend necessary support to SLBC to carry out the proposed study / survey on the functioning of Business Correspondents engaged by various banks in Tamil Nadu.
Inaugural Address:
In his inaugural address, Shri.M.Narendra, Chairman & Managing Director, Indian Overseas Bank and Chairman, SLBC, Tamil Nadu welcomed the participants and informed the forum that the performance upto the third quarter of the year 2013-14 is to be reviewed in the 137th meeting of SLBC.
Highlight of performance of banks in Tamil Nadu during 2013-14:
Chairman, SLBC highlighted the achievements of the banking system in Tamil Nadu. He has expressed his happiness that the State’s CD ratio continues to be above 100%. He has also informed the forum that Deposits have increased by 16.38 percent and Credit increased by 14.93 percent on year on year basis. Further he informed that the priority credit stood at 42.64 percent, Agricultural advances stood at 18.90 percent and Advances to weaker sections stood at 12.09 percent as of December, 2013 which are above the targeted level.
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He also expressed his happiness on the achievement under various parameters under ACP and congratulated the bankers for such commendable performance. He listed the achievements under ACP upto the quarter ended December, 2013. Chairman, SLBC informed the forum that banks have achieved 101 percent of target under ACP. He further informed that achievement under Farm Sector was 102%, 98% under MSE, 105%, 93% and 111% under Education, Housing and others respectively.
Chairman SLBC was very happy to inform the forum that banks in Tamil Nadu have covered under Financial Inclusion, all the allotted 7816 villages with population less than 2000. With this our State has achieved 100% coverage of Financial Inclusion in the State.
He has requested the member banks to widen the domain of inclusion by opening no-frill accounts and also provide affordable credit to holders of these no-frill accounts, so that objective of the financial inclusion is fulfilled.
1. Agriculture:
Chairman, SLBC has informed the forum that the State has achieved Rs.50594.42 crores up to December, 2013 against the credit plan of Rs.65481.25 crores under agriculture for the year 2013-14. He has also informed that during Hon’ble Union Finance Minister’s meeting with Heads of Banks held on 05.03.2014 the following action points emerged: a) Government has earmarked Rs.8.00 lakh crores credit flow to Agriculture in the budget for 2014-15. b) While lending to short term agricultural loans is good, the share of investment credit is comparatively low, which need to be stepped up. c) Capital formation will take place only if term loans are financed. d) Activities like drip irrigation, solar power units are to be given priority. e) Joint Liability Groups are to be promoted for the purpose of investment credit like dairy, poultry, farm machinery, minor irrigation etc.
Chairman, SLBC informed the forum that NABARD in their recently released State Focus Paper for Tamil Nadu has projected an outlay of Rs.78789 crores under Agriculture for 2014-15. He has requested the member banks to focus on investment credit.
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2. Educational Loans:
Chairman, SLBC informed the forum that the banks in the State have achieved 90% under amount and 85% in no. of accounts till December, 2013.
He further advised that the detailed guidelines are expected on the recently announced Government of India’s moratorium period for educational loans availed up to 31.03.2009 and outstanding as of December, 2013. This will assist the banks to reduce their NPA and also will help the students to repay their dues without much burden.
3. Self Help Groups(SHGs):
Chairman, SLBC informed the forum that as of December, 2013 banks have achieved only 57% of the credit linkage target of Rs.6000 crores for 2013-14. The following are the main reasons for low credit dispensation:
a) Sanctioning amount lower than recommended. b) Additional dosages are not being sanctioned. c) Under reporting the sanctioned / disbursed details whenever officials from Government call on branches. d) Part / stage release in cash credit accounts are not reported. e) Delay in processing / sanctioning.
He requested the member banks to double their efforts and instruct their branches to sanction all the pending applications immediately and achieve 100% before March,2014.
4. Financial Literacy and Credit Counselling Centres(FLCCC):
Chairman, SLBC informed the forum that SLBC had printed Financial Literacy posters and circulated to all the banks/ RSETIs/FLCCCs. Now, SLBC estimated a requirement of 6400 Financial Literacy Guides and 6.96 lac Financial Literacy Diaries to be printed and circulated in the State. He also added that NABARD has given the necessary in principle approval for reimbursement of cost of printing and SLBC has already started the process.
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Chairman, SLBC appealed to the State Government to address the following issues:
1. Enumeration of SHG in the State and their registration with TNCDW. 2. Extension of Revenue Recovery Act to commercial banks for recovery of chronic NPAs. 3. Village wise enumeration of farmers and providing the list to banks. 4. Digitalistion of land records and registration of online charge and integration of State Registry with Central Registry set up under SARFAESI, Act 2002. Chairman, SLBC acknowledged the support received from RBI, Government of India, Government of Tamil Nadu & NABARD.
Keynote Address:
ShriT.Udhayachandran, I.A.S., Secretary (Expenditure), Government of Tamil Nadu observed the following in his keynote address:
1. The role played by all banks in achieving various targets and the amount of credit flow is commendable. 2. Even though the performance is commendable, there are certain areas which are to be addressed. 3. Though there is an improvement in absolute terms in the performance over December 2012, there is a drop in percentage terms in certain parameters. 4. There is a slight decrease in CD ratio when compared to December, 2012 level. 5. There is a decrease in Micro Credit disbursement when compared to last year. However there is a slight increase in weaker section advances. 6. The NPA is comparatively high in education and MSE sectors. While this could be attributed to the general slowdown in the sectors, the reason for higher level of NPA under Micro Credit is a matter of concern. 7. Government of Tamil Nadu has launched new schemes like NEEDS & UYEGP. The data indicates that the performance under these schemes is not satisfactory.
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8. It is quite interesting to note that a study is going to be conducted by SLBC to analyse the functioning of banking correspondents. It is a welcome study. Economic & Political weekly recently published a report on a similar study conducted at Andhra Pradesh. 9. During the study factors like a) Qualification of the Business Correspondents b) Commission paid by different banks to BCs c) Ceiling fixed for BCs to operate by different banks d) Radius of operation of each BC e) No. of transactions done by BCs in a month f) Feedback from the customers, are to be included.
Special Address:
Shri.Anandrao Vishnu Patil, Director, Ministry of Finance, Government of India in his special address, appreciated the performance of banks, LDMs, controlling offices for achieving most of the financial targets. He also appreciated that all the identified villages under Financial Inclusion are covered by Banks in Tamil Nadu. Director, DFS was happy to note that SLBC is conducting a study / survey to assess the functioning of Business Correspondents in the State. He has advised SLBC to include the points suggested by Secretary (Expenditure) in the survey format.
Director, DFS observed that though there is an increase in the quantum of loans disbursed under Agriculture and other sectors, there is a slight drop in percentage terms. Government of India has planned a credit flow of Rs.8.00 crores during 2014-15 for agricultural loans. Though there is a significant increase in the short term loans there is a decline under investment credit. This needs to be addressed immediately.
He has advised the banks to guard against double reporting of data. He appreciated that the weaker section advances are above the national norm of 10%. However he has advised the banks to take care to achieve the targets in all the backward / minority concentrated districts to avoid regional imbalances.
Director, DFS expressed his happiness about the establishment of RSETIs and FLCCCs by 4 Lead Banks in all their lead districts in the State. He advised that
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RBI- Financial Literacy materials like posters, guides and diaries printed and circulated by SLBC should be used effectively by all rural branches / FLCCCs in conducting Financial Literacy Camps.
He also advised the banks/LDMs to review the performance of Business Correspondents periodically and convene meetings at district level or Zonal level regularly. He appreciated the credit flow to women beneficiaries which is above the national norms. He further advised the Department of Agriculture / AIC to organise awareness camps on crop insurance in the districts.
Director, DFS observed that credit flow to Micro sector is only 47% against the national norm of 60%. Performance under PMEGP is also not up to the mark and it should be addressed immediately by the member banks and all the pending applications are to be processed immediately.
He also advised that NPA figures under MSE, Education and Micro Credit are causing concern. He has requested that, help and co-operation of State Government to be extended to banks in recovering NPAs.
Dr.J.Sadakkadulla, Regional Director, Reserve Bank of India, Chennai mentioned the following in his special address:
1. It is very heartening to note that Government of India and Government of Tamil Nadu are taking special interest in the SLBC matters and rendering all support to banks. 2. Micro Insurance schemes should be taken to the people. It is a priority area and the Insurance Companies should take initiative towards this. 3. RBI will be calling shortly the 4 lead Banks along with Department of Rural Development for a meeting on effective utilisation of Business Correspondents. 4. RBI in their circular dated 31.01.2014 emphasised the need for continuous three phased approach regarding Financial Literacy campaigns. 5. The LDOs from RBI will be participating in such meetings. There will be a follow up meeting after a fortnight and the third and final phase will be held after 2 months.
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6. RBI issued a circular on 02.12.2013 on the revised General Purpose Credit card. It does not prevent bank from issuing any Credit Card to a person to whom General Purpose Credit Card has been issued already. 7. At present the sub targets under DRI, Women in weaker sections & minorities are all included in the overall target for Weaker Section. Banks should ensure that the above category beneficiaries are adequately supported. 8. Minutes of the previous meeting of SLBC should be a part of the next agenda.
The Regional Director, RBI appreciated the performance by banks in achieving various targets.
After the addresses of the dignitaries, the agenda was taken up for discussion by Shri.S.Balachander, General Manager, IOB and convenor, SLBC, Tamil Nadu.
Convenor, SLBC advised the forum about the action taken on the action points of 136th meeting, held on 23.12.2013.
Action Taken Report for the 136th meeting of SLBC
1. Scheme for Rehabilitation of Manual Scavengers (SRMS):
Convenor, SLBC informed the forum that the following banks are yet to submit the joint verification report despite repeated reminders.
1. State Bank of India, 2. State Bank of Mysore, 3. State Bank of Travancore , 4. Bank of India, 5. Canara Bank, 6. Corporation Bank, 7. Central Bank of India, 8. Punjab National Bank, 9. Syndicate Bank, 10. Union Bank of India, 11. Vijaya Bank, 12. Catholic Syrian Bank, 13.ICICI Bank, 14.South Indian Bank, 15. Tamilnad Mercantile Bank, 16.Tamil Nadu State Apex Co-op Bank
He requested the above banks to submit their joint verification report before 15.04.2014 to SLBC for onward submission to Govt. of India.
Action: Banks
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2. Performance of Banks under Direct Linkage to SHGs – Inclusion of Cash Credit figures in the achievement data
Convenor, SLBC requested the banks to report the SHGs disbursement data after inclusion of details of disbursements through Cash Credit and send the cumulative disbursement (both term loan and cash credit) data from 01.04.2013 on monthly basis to TNCDW/NABARD.
Action: Banks
3. Coverage of all villages with population below 2000 before 31.01.2014.
Convenor, SLBC informed the forum that all the 7816 villages with population <2000 have been covered by the member banks through Business Correspondents, Branch model, Satellite branches and Mobile van model. He conveyed his appreciation to the member banks for 100% coverage of villages under Financial Inclusion.
He requested the member banks that a minimum of 5% of covered FI villages (each bank) through BCs need to be converted into brick and mortar branches.
Action: Banks
4. Collection of deposits by “Pengal Palnokku Kootamaippu” from Self Help Groups
LDM, Salem has submitted a report dated 14.03.2014 wherein it is mentioned that the PPK is registered as a Society under Tamil Nadu Societies Registration Act, 1975. The LDM is of the opinion that the “savings” collected by PPK from the members of SHGs amount to “deposits” only.
SLBC has forwarded a copy of the report to RBI for their necessary action in this matter. Secretary (Expenditure) advised TNCDW to take up with the District Collector.
5. Awareness campaign on crop insurance schemes to be conducted among the farmers in more number of districts in addition to the 6 districts already identified by Dept. of Agriculture, Govt. of Tamil Nadu:
Convenor, SLBC once again requested the Department of Agriculture and AIC to arrange for the awareness campaigns in all the districts and to inform the
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schedule in advance to SLBC for sending the information to Banks and LDMs for active participation.
Action: Dept. of Agriculture / AIC
AGENDA No: 1
The forum confirmed the minutes of the 136th meeting of the State Level Banker’s Committee held on 23.12.2013.
AGENDA No: 2
New Issues
1. Department of Fisheries, Government of Tamil Nadu’s Scheme for financing Tuna Long Liners
Secretary (Expenditure), Govt. of Tamil Nadu informed that State Government had recently launched a scheme for Tuna liners which is a very important and ambitious scheme to assist the sensitive sector of Fishermen community. Further, he informed that the State Govt. looks at taking the entire fishermen community to the next level. With that particular aim, this scheme has been conceptualized and launched. He requested the banks to support the scheme and actively involve implementing the scheme.
Director, Dept. of Fisheries, Government of Tamil Nadu has informed the forum that Tamil Nadu is having 1776 km coastal line consisting 13 marine districts and 906 villages. Further, he informed that due to the pressure in the inshore sea water for harvesting the fishes, State Govt. decided to diversify the fishing activity to off shore water i.e. deep sea fishing, and launched the scheme. He also explained elaborately about the processing methods of tuna fish and the potential available for tuna fishing, demand, marketing and importance of tuna.
He informed the forum that each Tuna liner costs Rs. 60.00 lacs, of which State Govt. is providing a subsidy of 50 % i.e. Rs. 30 lacs. Further, he informed that the Dept. of Fisheries has received 271 applications and it will be processed and forwarded to the banks shortly. He requested the banks to support the scheme actively.
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Chairman of SLBC requested the Dept. of Fisheries to scrutinise the applications with due diligence and fix the target to all banks and send the applications to the banks early.
Director, Ministry of Finance, GOI informed the forum that the scheme is very good for bank finance. He has also advised the banks to implement the scheme actively.
The scheme was approved by the forum.
Action: Banks/Dept. of Fisheries
2. Equity Grant and Credit Guarantee Fund Scheme for Farmer Producer Companies of Government of India
Convenor, SLBC informed the forum that the scheme of Equity Grant and Credit Guarantee Fund Scheme for Farmer Producer Companies is like CGTMSE and it will be very useful for banks to cover the risk. Further, he informed that SLBC has already organized a special meeting wherein the officials from SFAC have made a presentation on the scheme to the member banks. He requested the banks to percolate the scheme to the branches and popularize the scheme at the gross root level.
CGM, NABARD, informed the forum that this scheme has been announced in the Union Budget last year and NABARD also associates with SFAC to implement the scheme. Further, she informed that Farmers Clubs are assisted by the banks so long wherein NABARD is also helping to them and many Farmers Clubs are now registered as a federation. She also informed that if these federations are upgraded as farmer producer companies, banks can take an advantage to finance to them as there is 85 % credit coverage is available.
CGM, NABARD informed the forum that they are initiating, identifying and sponsoring the federations, if bank financial assistance given, it will help to boost their investment credit. She also pointed out that SFAC also financing to Farmers Producer Companies for preparation of Equity Grant Application and Detailed Project Reports (DPR). She requested the banks to actively participate to finance in the scheme.
Director, Dept. of Financial Services, GOI informed the forum that Secretary, SFAC already written about the scheme to CMDs of all banks. Action: Banks
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3. Taking possession of securities under SARFAESI ACT 2002 through the District Magistrates (District Collectors)
Convenor, SLBC requested the State Government to advise the District Collectors for speedy disposal of the applications filed by the banks before them under SARFAESI Act 2002 so that the banks can able to recover NPA immediately.
Action: State Government
4. Rajiv Rinn Yojana (RRY)
Convenor, SLBC informed the forum that district-wise target for 2013-14 has already been advised by SLBC to Lead District Managers and instructed the LDMs to sub allot the target to banks in their districts. He requested the member banks to issue necessary guidelines to their branches and achieve the allotted target.
Representative from NHB informed that the nodal agency for RRY scheme implementation is Tamil Nadu Slum Clearance Board.
Representative from Municipal Administration Dept. informed the forum that nodal agency for RRY scheme implementation for the year 2013-14 is National Housing Board and Tamil Nadu Slum Clearance Board. Further, he informed that the RRY target achieved by both NHB and Tamil Nadu Slum Clearance Boards for 2013-14, since they have already collected applications and forwarded to the banks.
He also informed that Tamil Nadu Slum Clearance Board in slums in urban areas and Commissionerate, Municipal Administration in urban areas other than slums are nodal agency for 2014-15 onwards.
Action: Banks/ LDMs/ NHB/ Tamil Nadu Slum Clearance Board/ Municipal Administration
5. “Prohibition of Employment as Manual Scavengers and their Rehabilitation Act, 2013” – Scheme for Rehabilitation of Manual Scavengers (SRMS)
General Manager, TAHDCO informed the forum that this scheme is re introduced by the Central Government and the Dept. of Municipal Administration is in the process of survey. Further he informed the forum that
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the rehabilitation activity will be undertaken by TAHDCO once the survey completed.
Representative from Municipal Administration informed the forum that format for survey is already finalized and survey will be completed soon after completion of Lok Sabha election.
Action: TAHDCO/Municipal Administration
6. Standardised Financial Literacy Material Provided by Reserve Bank of India
Convenor, SLBC informed the forum that Financial Literacy posters were already printed by SLBC and circulated to the controlling office of the banks for onward distribution to their rural branches. Further, he informed that SLBC is in the process of printing of 6400 copies of Financial literacy Guide and 6.96 lacs Financial Literacy Diary and they will be circulated to the banks shortly. He requested the member banks to instruct their branches to conduct outdoor financial literacy camps using the financial literacy materials.
He thanked NABARD for funding the whole process of printing of financial literacy material.
Action: Banks/ SLBC
7. VIP references regarding opening of bank branches in the state of Tamil Nadu
Convenor, SLBC informed that VIP reference is the matter of concern for SLBC when there is no response from the member banks and Lead District Managers. He requested the Banks and Lead District Managers to submit the updated position on the branch opening to SLBC immediately.
Action: Banks/LDMs
8. Centrally Sponsored Schemes of Integrated Development of Small Ruminants and Rabbits (IDSRR) – Delay in submission of claims to NABARD.
Convenor, SLBC requested the member banks to instruct their branches to ensure timely submission of claims to NABARD.
Action: Banks
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9. Pending applications of Scheduled Caste beneficiaries under various Government sponsored schemes- Meeting with National Commission for Scheduled Castes
Convenor, SLBC informed the forum that National Commission for SC has conducted a series of meetings at the district level in which bank branches and LDMs have participated in the meeting and National Commission for SC was satisfied with the response given by the banks.
He requested the member banks to avoid any complaints from National Commission for SC and also requested the banks to respond the letters of National Commission for SC immediately. He also requested the member banks to issue suitable instruction to their branches.
Action: Banks
10. Study on the functioning of Business Correspondents engaged by banks in Tamil Nadu by SLBC
Convenor, SLBC informed the forum that study of functioning of Business Correspondents is an idea mooted by RBI. Further, he informed that General Manager, RBI has taken very active role in the special meeting conducted by SLBC with major four banks and analyzed the functioning of business correspondents.
He requested the member banks, Lead District Managers to extend the cooperation to SLBC for conducting a meaningful survey and makes the Tamil Nadu project as a model project for the country.
General Manager, RBI requested the forum to fix the time frame for survey. The forum decided that due to the yearend work for the banks, the survey may be undertaken from 3rd week of April 2014 to June 2014.
Action: Banks/ LDMs
AGENDA No: 3 Review on Banking Developments in Tamil Nadu in Key Parameters as of December 2013
The forum noted that year on year incremental deposits & credit growth was 16.38% and 14.93 % respectively over December 2012. The CD ratio has slightly
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decreased from 121.79% as of December 2012 to 120.28 % as of December 2013. The share of agricultural advances was 18.90 % against the national norms of 18%.
Chairman, SLBC advised the forum that percentage of CD ratio, priority sector advances, Agricultural advances; Micro credit and DRI loans are low compare to the previous year. He requested the member banks to improve their portfolio in these sectors.
Lead District Officer, RBI requested the forum to discuss as to why DRI advances are not picking up. He also pointed out that district co-ordinators of some Banks are not participating in the DCC/DLRC meeting regularly and their co-operation with lead bank of the district is very poor.
Secretary (Expenditure) Govt. of Tamil Nadu informed that the central Govt. have linked the DRI scheme for housing loan purpose under Indira Awas Yojana (IAY) , and State Govt. has also came up with idea to link the DRI scheme for construction of Chief Minister’s Solar powered Green house. He requested the member banks to lend in this segment.
General Manager, RBI suggested that awareness campaign may be conducted by line departments, District authorities and banks among the targeted group, so that banks will lend more under DRI.
Forum noted that percentage of agricultural advances is very low in Coimbatore i.e less than 18%. Secretary (Expenditure) Govt. of Tamil Nadu that this may be due to the high industrial exposure when compared to agricultural advances out of the total advances. CGM, NABARD pointed out that CD ratio in Theni, Ariyalur and Dharamapuri Districts are high compared to Kancheepuram district.
GM RBI informed the forum that this is mainly because of the fact that units located in Kancheepuram District are financed by banks located in Chennai District which is reported in Chennai District’s achievement.
Chairman, SLBC requested banks to report the disbursement details in respect of Kancheepuram district correctly. Secretary (Expenditure) Govt. of Tamil Nadu explained that CD ratio is less in Kancheepuram district as deposits are more than credit.
Action: Banks
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AGENDA No: 4
REVIEW OF PERFORMANCE UNDER ANNUAL CREDIT PLAN
2013 – 2014: (APRIL 2013 TO SEPTMBER 2013)
The forum took on record the final achievements under ACP 2013-14 up to September 2013. The banks in Tamil Nadu have achieved 99% under Farm Sector, 87 % under Non farm sector and 95 % under other priority sector.
AGENDA No: 5
REVIEW OF PERFORMANCE UNDER ANNUAL CREDIT PLAN 2013-14 APRIL 2013 TO DECEMBER 2013
The forum took on record the achievements for the half year ended April 2013 to December 2013 under ACP 2013-14. The banks in Tamil Nadu have achieved 102 % under agriculture, 98 % under MSE sector, 105 % under education, 93 % under housing, 111 % under other priority sector and 98 % under non priority sector.
Director, Dept. of Financial Services, GOI advised the SLBC to discuss in the next meeting about the banks, who have not achieved their ACP target, so that such banks can be accelerated to achieve their allotted target.
Action: Banks/SLBC
AGENDA No: 6
Micro & Small Enterprises (MSE) sector
The Convenor, SLBC informed the forum that a sum of Rs. 14115.94 Crores & Rs. 15428.03 Crores was disbursed from April 2013 to December 2013 to Micro & Small Enterprises respectively. Convenor, SLBC advised the member banks to speed up credit flow achieve 60% norms.
Convenor, SLBC informed the forum that RBI has taken lot of initiatives for the development of MSE sector in the State and has conducted several Town Hall meetings in Ambur, Madurai etc. wherein an interface was arranged with bankers, State Government, Industrialists and RBI.
Action: Banks
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AGENDA No: 7
Prime Minister’s Employment Generation Programme (PMEGP)
Representative from KVIC informed the forum that as on date 31.69 crores of margin money have achieved against the target of 58.40 crores, of which 132 and 6 projects were financed in this scheme to SC and ST respectively. He also informed that the performance in Ariyalur, Thiruvarur and Nagapattinam districts is very low.
Lead District Officer, RBI informed that representatives of KVIC and KVIB are not participating in the district level meeting regularly so that the performance of the scheme could not be reviewed at the district level meetings.
Secretary (Expenditure), Govt. of Tamil Nadu advised KVIC and KVIB to ensure that the representatives of KVIC and KVIB regularly participate in all the district level meetings with necessary particulars.
Secretary(Expenditure) requested the bankers to take care of the districts like Perambalur, Ariyalur, Nagapattinam, Thiruvarur and ensure proper credit flow in all sectors to ward of the regional imbalances if any.
Representative from DIC informed the forum that performance of DIC under PMEGP is very good and they have got sanctioned 1243 projects with tune of 29.52 crores which is ahead of the target of 23.35 crores. He also informed that loan has disbursed for 871 projects, 20.50 crores.
Chairman, SLBC advised the banks to actively involve in this scheme and dispose all the pending applications immediately.
Action: Banks/ KVIC/ KVIB
AGENDA No: 8
Performance under New entrepreneur-cum-Enterprise Development Scheme (NEEDS) Representative from DIC informed the forum that against the target of 1000 beneficiaries and subsidy component of 100 crores, DIC has recommended 1219 applications with subsidy of 125 crores. DIC has received the provisional sanction for 728 cases with subsidy component 76.87 crores. He requested the member banks to give provisional sanction immediately to enable them to send the beneficiaries for the compulsory EDP training for one month.
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Secretary (Expenditure), Govt. of Tamil Nadu pointed out that the pending applications in the scheme are more in Cuddalore, Kancheepuram Pudukottai, Thanjavur, Vellore and Villupuram.
Secretary (Expenditure), Govt. of Tamil Nadu and Chairman, SLBC advised the banks to concentrate in these districts and instruct their branches to dispose all the pending applications immediately.
Action: Banks
AGENDA No.9
Rural Self-Employment Training Institutes (RSETIs)
Chairman, SLBC advised the banks to endeavour to obtain A /AA grade in all their RSETIs. He also advised the banks to inform SLBC the grades obtained by their RSETIs for placing the matter in the upcoming SLBC meeting. He advised the banks to maintain 70% of the settlement rate i.e trained candidates and self employment as per national norms.
Representative from TNCDW informed the forum that as per the guidelines of Monitoring Cell of RSETIs, TNCDW has engaged a retired State Government official as State Project Co-ordinator to monitor and mentoring the RSETIs in the state. He has also advised that under NRLM Rs.2.13 crores allotted for RSETIs for providing training to BPL candidates. Further, he informed that SBI RSETIs have only submitted the claim proposal and remaining banks RSETIs are yet to submit the claims. Chairman, SLBC advised the banks to submit the claims to TNCDW immediately.
Chief Manager, SBI informed the forum that land allotment is yet to be made in Thoothukudi District. He also informed that initially a land was offered in the Collectorate, Thoothukudi but however now there is a hesitation issue to offer the land. He requested the State Govt. to look in the matter.
Secretary (Expenditure) Govt. of Tamil Nadu informed the forum that they will impress upon the District collectors to offer suitable land to RSETIs.
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Director, Ministry of Finance, Govt. of India advised SLBC to submit the status report of land allotment to State Govt., so that the allotment of land can be done immediately.
Action: RSETIs/ Lead Banks/ State Govt./ SLBC
AGENDA No.10
Financial Literacy & Credit Counseling Centers (FLCCC)
Convenor, SLBC advised the member banks to instruct their rural branches to conduct Financial Literacy Campaigns every month using the financial literacy materials and a consolidated report should be submitted to RBI / SLBC.
GM, RBI advised the FLCCCs and banks to conduct the Financial Literacy in line with the DCC/ DLRC meeting dates, so that the Lead District Officer, RBI also participates in the camps.
Chairman, SLBC advised the banks to submit the outcome of the camps like account opened, credit disbursed, deposits mobilized etc., to SLBC.
Action: Banks
AGENDA No.11
Progress under Financial Inclusion in the state:-
Chairman, SLBC appreciated the banks for coverage of all the 7816 villages in the state. Chairman advised the banks to take it forward in very successful manner.
GM, Reserve Bank of India advised the member banks to submit the revised plan duly incorporating the 5% of brick and mortar branches in their allotted villages.
Action: Banks
AGENDA No: 12
Ultra Small Branches:-
The Convenor, SLBC informed the forum that banks have opened 3915 Ultra Small Branches in the State of Tamil Nadu as on 28.02.2014. He advised the
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member banks to complete establishment of USBs in the remaining villages, wherever BCs are engaged as per the guidelines of Ministry of Finance.
Action: Banks
AGENDA No:13
Financial Inclusion and Green Initiatives – Electronic transfer of Benefit Payments:-
Convenor, SLBC advised member banks to submit data on ICT based financial inclusion before 5th of every succeeding month to SLBC without fail for consolidation and outward submission to RBI.
Action: Banks
AGENDA No: 14
Allocation of targets for Education Loans by Government of India:-
The Convenor, SLBC informed the forum that banks have reached the educational loan outstanding of Rs.15250.15 Crores as on 31.12.2013 against the target of Rs.16851.08 Crores (90.49%). The number of accounts remained at
928356 against the target of 1085560 accounts (85.52%).
Convenor, SLBC advised the member banks to achieve educational loan targets assigned by Government of India before 31.03.2014.
Director, DFS, advised Co-operative banks to submit the correct figure of Educational Loan outstanding and NPA, since the report shows 975 NPA under educational loan.
Action: Banks/Apex Co-operative Bank
AGENDA No: 15
Review of performance of Educational Loans for the quarter ended December, 2013:-
The forum took note that banks in Tamil Nadu have disbursed 91613 educational loans to the tune of Rs.1438.81 Crores during April 2013 to December 2013, of which Engineering/Medical courses account for 66637 amounting to Rs.850.99
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Crore, 2474 loans for study abroad amounting to Rs.334.60 crores and 22502 loans to others to the tune of Rs.253.21 Crores.
Out of the 91613 educational loans granted to the tune of Rs.1438.81 Crores, SC/ST, Minority Communities & Women account for 14796 loans amounting to Rs.212.28 Crores, 10304 loans amounting to Rs.138.07 Crores and 25594 loans to the tune of Rs.367.73 Crores respectively.
Action: Banks
AGENDA No: 16
Swarna Jayanti Shahari Rozgar Yojana (SJSRY):-
The representative from Municipal Administration informed the forum that subsidy utilisation for the programme for the year 2012-13 have achieved 100% under USEP and 95% under USWP programmes. Further, he informed that the year 2013-14 the allotment of subsidy of 50% received and remaining amounts are yet to be received from them. He also informed that achievement under USEP is 30% and UWSP is 25% as of now, and applications have already been forwarded to the banks.
Convenor, SLBC advised the member banks to dispose all pending applications.
Action: Banks
AGENDA No: 17
Bank finance under Housing Scheme:-
The forum noted that banks in Tamil Nadu have disbursed Rs.4560.42 Crores to the housing sector (upto Rs.25.00 lakhs) from April 2013 to December 2013.
Convenor SLBC advised member banks to submit data to SLBC in time without fail.
Action: Banks AGENDA No 18
Golden Jubliee Rural Housing Finance Scheme (GJRHFS)
The forum noted that banks in Tamil Nadu have disbursed 1402 loans amounting to Rs.5036.13 lacs from April 2013 to December 2013.
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AGENDA No: 19 Credit Flow to Women
The forum noted that the share of credit flow to women in the State constitute 7.24 % of total Bank Credit as against the national norm of 5 % as on 31.12.2013.
AGENDA No:20
Credit Flow to Minority Communities
The forum noted that the achievement under credit flow to Minority Communities as on 31.12.2013 is 11.62 % against the targeted level of 15 % as per the guidelines of Ministry of Finance. Convenor, SLBC requested the member banks to increase the share of credit flow to Minority Communities to reach the desired target level of 15%.
Action: Banks
AGENDA No:21
Kisan Credit Card Scheme (KCC)
The Convenor, SLBC informed the forum that banks in Tamil Nadu have issued 22.96 lakh Kisan Credit Cards to the tune of Rs. 15550.81 Crores from April 2013 to December 2013.
Director, DFS, MOF advised the member banks to issue ATM enabled Kisan Credit Card to all the eligible borrowers and report to SLBC.
Chairman, SLBC advised Indian Bank to verify and confirm the correctness of data in respect of No. of KCC issued to SLBC. Convenor, SLBC advised all the member banks to ensure 100 % coverage of eligible loans under crop insurance scheme.
Action: Banks/ Indian Bank
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AGENDA No: 22
Self Help Groups (SHGs)
Representative from TNCDW informed the forum that the banks have achieved 87% amounting Rs.5196 crores as on 15.03.2014 under direct linkage to SHGs against the 2013-14 target of Rs. 6000 crores. He informed the forum that the banks are reporting the SHG disbursement details without including the cash credit figures. He requested the member banks to verify their data and submit afresh duly incorporating the cash credit figures.
Secretary (Expenditure) Govt. of Tamil Nadu informed the forum that poor performance is observed in Theni, Dharmapuri, Cuddalore, Thiruvarur, Tiruppur, Erode, Nagapattinam and Ariyalur districts. He advised TNCDW to clarify that why performance in Dharmapuri is very low when compared to Krishagiri District, since profile of Dharmapuri district is similar to that of Krishanagiri district like, SHG Population, good bank network , similar non mahalir thittam SHGs and high rate of recovery.
Representative of TNCDW replied that repeat loans are not given to SHGs in Dharmapuri district, this is the reasons for poor performance in the district.
Secretary (Expenditure) Govt. of Tamil Nadu advised the team of banks and TNCDW officials to look in the matter and sort out this issue immediately. He also requested the banks to verify their software and ensure to report the figures duly incorporating Cash Credit figures to TNCDW.
DGM, IOB informed the forum that executives from Central Office has visited in Thanjavur, Tiruchirapalli and Nagapattinam districts and impressed upon the branch mangers of IOB to lend more loans to SHGs.
Representative from TNCDW informed the forum that due to visit under taken by IOB, there is an increase in SHG disbursement in these districts. He acknowledged the support given by IOB in this regard.
Action: Banks/ LDMs /TNCDW
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Agenda No: 23
Progress Report on Economic Development Schemes implemented by TAHDCO
General Manager, TAHDCO informed the forum that the banks are keeping pending 13773 applications for a long time. He informed the forum that out of 13773 pending applications, 5527 applications relating to 2012-13 and 8246 applications relating to 2013-14. He requested the member banks to dispose all pending applications where subsidy has been received by the banks immediately.
Secretary (Expenditure) Govt. of Tamil Nadu pointed out in the forum that the performance under land purchase scheme is very poor. He advised TAHDCO to look in the matter and concentrate to provide assistance in the delta districts, since the scope for land purchase scheme there is high.
Convenor, SLBC requested the member banks to actively involve themselves in the implementation of the schemes of TAHDCO and dispose all the pending applications on priority basis immediately.
Action: Banks / TAHDCO
AGENDA No: 24
Review of NPA Accounts in Priority Sector Lending – December 2013
Secretary (Expenditure) Govt. of Tamil Nadu pointed out that percentage of NPA in micro credit is high with State Bank of India. He advised the State Bank of India to take up with TNCDW and recover the micro credit NPA.
DGM, SBI replied that they have already informed the details of defaulted Self Help Groups and sponsored NGOs to TNCDW and district authorities. Further, he informed that they have also requested assistance from State Government to recover the NPA.
DGM, IOB informed the forum that NPA under micro credit increased due to breaking the group by the members and forming another groups. These groups avail fresh loans from some other banks and leave the earlier loan unpaid.
CGM, SBI informed the forum that the splitting of the SHGs and formation of new groups are the main concerns for NPA. She requested the State Govt. to enumerate and compulsorily register the SHGs members and NGOs and make
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available the details of SHGs to the banks. She also informed the forum that SBI has with come out the OTS scheme for SHGs with the discount of 30 to 40% of the outstanding loan up to 31.03.2014.
Representative from TNCDW informed that under NRLM, the registration of the member profile in online is compulsory. Further, he informed that the registration of the SHGs members in online portal in all the districts are being done, at present 70 to 80% registration is over. He informed that this will help in avoiding duplication.
He informed the forum that National level, Tamil Nadu is in 2nd position in respect of SHGs disbursement and also NPA. He also informed that they have conducted study and found that NPA under SHGs is higher in non mathi SHGs. He informed the forum that TNCDW already requested the banks to share their SHGs NPA details for mathi and also Non mathi SHGs, so far SBI only submitted, he requested the banks to submit their NPA details to TNCDW immediately.
Regional Director, RBI requested TNCDW to complete the registration 100% and banks should maintain the NPA level at less than 2 % in NPA under micro credit.
Secretary (Expenditure), Govt. of Tamil Nadu advised TNCDW/ Banks/ LDMs to bring the details of SHGs quality of lending , target , achievement along with NPA level and discussed in the meeting and keep informed to the district collector, so that the remedial measures can be taken immediately.
Director, DFS, MOF advised that Lead District Manager and banks to represent with details of NPAs in the DCC meeting to District Collector and Tahsildar to invoke recovery action.
General Manager, Pandyan Grama Bank informed that under NRLM scheme interest subvention is not available to SHGs financed through PLF. He requested the Government to consider interest subvention to PLF also. DGM, IOB informed the forum that as PLF loans are mainly lending for SHGs only, the interpretation can be that interest subvention is available for such loans also. He suggested that there is no need of representation to Ministry of Rural Development, Govt. of India, and decision can be taken by State Govt. itself.
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Secretary (Expenditure), Govt. of Tamil Nadu advised TNCDW to refer the matter with Finance Dept. Govt. of Tamil Nadu to sort out this issue at the State level.
Action: Banks/TNCDW/ State Government
Agenda No. 25
Success Story
The Convenor, SLBC appreciated Indian Bank and Indian Overseas Banks for sharing the success stories with SLBC. He requested the banks and State Govt. to share their success stories with SLBC like the ones shared by Indian Bank, and IOB.
Action: Banks/ State Govt.
Table Agenda
1. Bank-wise, District-wise Performance under New entrepreneur-cum- Enterprise Development Scheme (NEEDS) and Unemployed Youth Employment Generation Programme (UYEGP)
The Convenor, SLBC requested the member banks to dispose all pending applications immediately.
Action: Banks
2. National Horticulture Board – Revised procedure for Letter of Intent (LOI).
Deputy Director, NHB informed the forum that first time NHB is providing 100 % advance subsidy from 09.12.2013 onwards to all crops, floriculture, honey bee, cold storage, ripening chamber but this subsidy should be kept 3 years under frozen account. He also informed that 100% advance subsidy is given by NHB based on the bank’s loan sanction copy, appraisal note, term loan account statement and affidavit from the beneficiary.
He informed the forum that from 01.04.2014 onwards the subsidy percentage for floriculture is increased from 25% to 50% and for cold storage it remains at 40 % i.e 1.80 crores subsidy.
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He also explained the forum that the revised procedure for issuance of Letter of Intent (LOI).
He requested the member banks to make use of NHB subsidy scheme to lend more under horticulture sector.
Other issues:
1. Representative from Dept. of Animal Husbandry informed the forum that the current year achievement under poultry development scheme is only 25%. She requested the member banks to dispose all the pending applications immediately. She also informed the banks that SLBC already circulated the bankwise details of pending applications to the concerned bank. She has also informed the forum that 60% of loans under this scheme have been given by IOB and thanked IOB for the same.
Representative from Karur Vysya Bank informed the forum that the beneficiary is insisting the bank to credit the subsidy amount to their SB account. He requested Dept. of Animal Husbandry issue cheque with loan account number.
Action: Banks/Dept. of Animal Husbandry
2. Representative of TABCEDCO informed the forum that the proposal of banks signing an MOU with them as their sub-channelising agents for implementation of the educational loan scheme of NBCFDC.
Convenor SLBC advised that this matter was taken up in several meetings and even a special SLBC meeting was organised to discuss this issue. He also advised that the onerous clause in the agreement that “even if the party does not repay banks have to repay the loan to TABCEDCO” is not acceptable to the bankers. This fact was already advised to TABCEDCO.
The meeting ended with a vote of thanks proposed by Shri. M. Elangovan, General Manager, Central Bank of India, Chennai.
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STATE LEVEL BANKERS’ COMMITTEE, TAMIL NADU CONVENOR: INDIAN OVERSEAS BANK
ACTION TAKEN REPORT FOR THE ACTION POINTS OF 137TH SLBC MEETING
1 Self Help Groups:
Representative of TNCDW informed Member Banks have submitted the the forum that banks are reporting disbursement details to TNCDW SHGs disbursement details without for the year 2013-14 after duly including the cash credit figures. incorporating the cash credit Convenor, SLBC requested the banks to component also. TNCDW reported submit the disbursement details duly an achievement of Rs. 6035.56 incorporating the cash credit crores bank SHG linkage against components also. the target of Rs. 6000.00 crores.
2 Coverage of FI villages with the All the 7816 villages with population population below 2000 category: <2000 have been covered by the member banks through Business General Manager, RBI advised the Correspondents, Branch model, banks to ensure that minimum 5% of Satellite branches and Mobile van brick and mortar branch should be model. opened in their allotted villages. He also advised the banks to submit the Out of 7816 FI villages, banks have revised roadmap duly incorporating 5 % opened brick and mortar branches of villages for opening of brick and in 136 villages which is 1.74%. The mortar branch. The roadmap should be member banks are in the process of submitted in the prescribed format to conducting survey of the identified SLBC for consolidation and submission villages to identify the viability of to RBI. opening brick & mortar branches.
SLBC is following up with member banks to ensure achievement of the desired 5% level. The subject is placed in the DCC meetings and the banks are requested to complete the survey and other formalities at the earliest.
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3 Financial Literacy Camps:
Convenor, SLBC requested the banks to There are 2621 rural branches in instruct their rural branches to the State. Each branch is expected conduct Financial Literacy Campaign to conduct 12 Financial Literacy every month and submit the camps in a year. Accordingly the consolidated progress details to SLBC. total number of camps to be conducted in a year would be 31452 camps.
Banks have reported that 2801 camps have been conducted by the rural branches of the banks and 60310 persons participated in the camps during 2013-14. The Financial Literacy Guides and Diaries are under printing and will be circulated to member banks shortly, which will be used for conducting the Financial Literacy camps effectively. Hence the same can be conducted regularly every month
4 Taking Possession of securities under SLBC on 02.04.2014 requested the SARFAESI Act,2002 Requesting State Govt. to advise the District assistance of District Collectors: Collectors to initiate immediate action on the applications filed The Chief Judicial Magistrates in Tamil before them by banks which will Nadu are restrained by an order of the help the banks in recovery of NPA. Madras High Court from providing assistance to the authorized officer of Reply from State Government is the bank in taking possession of the awaited. securities charged to the bank under Section 14 of SARFAESI Act, 2002. In view of the Madras High Court decision, banks in Tamil Nadu are filing applications before District Collectors (District Magistrates) as provided in the Act, for assistance in taking possession of the securities. Member banks have reported that many such applications are pending for a long time.
Chairman, SLBC requested the State
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Government to advise the District Collectors (District Magistrates) for speedy disposal of applications filed by banks to assist in taking possession of securities of the defaulters charged to the banks under Section 14 of SARFAESI Act, 2002.
5 Extension of Interest subvention under NRLM to PLF: SLBC on 02.04.2014 requested the General Manager of Pandyan Grama TNCDW for getting the necessary Bank represented that the interest approval from the authority in subvention benefit under NRLM is not State Government to continue the available for Panchayat Level interest subvention for PLFs under Federations and requested that the NRLM. same may be extended to PLF also.
6 Study on the functioning of Business The sub-committee of SLBC in its Correspondents engaged by banks in meeting dated 22.05.2014 fixed Tamil Nadu by SLBC: time frame to complete the survey before June, 2014. General Manager, RBI requested the forum to fix the time frame for survey. It was also decided in the meeting that in each district the team comprising of LDO of RBI, DDM of NABARD and LDM will conduct the survey using the survey formats provided to them by SLBC and send the completed survey formats to SLBC for consolidation.
The survey is in progress in all the 8 identified districts.
Rural7 Rural Self-Employment Training SLBC collected the details of land Institutes (RSETIs): allotment for the 31 RSETIs from Director, Ministry of Finance, Govt. of the 4 Lead Banks. India advised SLBC to submit the State Govt. Has so far allotted the status report of land allotment by land for 13 RSETIs. The details are State Govt., so that the allotment of placed in the agenda No.21. land can be done immediately.
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8 Kisan Credit Card Scheme (KCC)
Director, DFS, MOF advised the Banks have reported that they have member banks to issue ATM enabled issued 1,03,387 ATM enabled KCC Kisan Credit Card to all the eligible cards out of the total number of borrowers and report to SLBC. 15,13,488 KCC accounts sanctioned during the year 2013-14.
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AGENDA NO: 1 138th SLBC
CONFIRMATION OF THE MINUTES OF THE EARLIER MEETING
The minutes of the 137th State Level Bankers’ Committee Meeting convened on 21.03.2014 (already circulated vide SLBC letter dated 28.03.2014) may be confirmed.
NEW ISSUES
AGENDA NO: 2 138th SLBC
Tamil Nadu Government’s Dr.Muthulakshmi maternity benefit scheme- Request not to transfer the accounts of beneficiaries to ‘Dormant’ category
Banks are required to transfer accounts to ‘Dormant’ category if there are no operations in the account for a specific period.
The beneficiaries of Dr.Muthulakshmi maternity benefit scheme are entitled for cash assistance of Rs.12000/- from Government each for two live births. The accounts remain generally without any transaction except for the grant received from the Government. As a result such accounts become dormant over a period of time.
The beneficiaries find it difficult to receive the government grant to the account during the birth of the second child as the accounts are transferred to dormant category as there are no transactions after receiving the grant for the first child.
The Director of Public Health & Preventive Medicine vide his letter 09.04.2014 requests that the accounts may be maintained alive till request for closure is received from the beneficiaries. A copy of the letter from Director of Public health is provided as annexure.
The forum may deliberate on this issue.
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AGENDA NO: 3 138th SLBC
New Entrepreneur cum Enterprise Development Scheme (NEEDS)- Target for the year 2014-15
The Principal Secretary/ Industries Commissioner and Director of Industries and Commerce vide his letter dated 20.05.2014 communicated the targets for 2014-15 under the Tamil Nadu Government’s New Entrepreneur cum Enterprises Development Scheme (NEEDS).
The district wise targets are given in the annexure. The Lead District Managers are advised to allocate bank wise targets in their respective districts and place the same in the ensuing DCC meeting.
The member banks are requested to issue necessary guidelines to all their implementing branches and to process the applications in time.
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AGENDA NO: 4 138th SLBC
Tentative Target under Prime Minister’s Employment Generation programme (PMEGP)-2014-15
The State Office of Khadi & Village Industries Commission vide their letter dated 22.04.2014 advised the tentative target under Prime Minister’s Employment Generation Programme (PMEGP). The bank wise/district wise / district wise SC/ST targets are enclosed as annexure.
The member banks are requested to advise all their implementing branches to co-ordinate with KVIC/DIC/KVIB and to process the applications in time. The Lead District Managers are advised to place the district wise targets in the ensuing DCC meetings and follow up with member banks for speedy disposal of applications.
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AGENDA NO: 5 138th SLBC
Weavers’ Credit Card- Target for 2014-15:
Director of Handloom and Textiles, Government of Tamil Nadu vide his letter dated 15.05.2014 advised the district wise target for the year 2014-15 under Weavers’ Credit Card based on the total target of 25000 cards fixed by Government of India.
The Lead District Managers are advised to allocate bank wise targets in their respective district and place the same in DCC for approval. On receiving allocation from LDMs the member banks are requested to issue necessary guidance to the implementing branches to process the applications in time.
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AGENDA NO: 6 138th SLBC
Transfer of ownership and permit of Autorickshaws financed by banks
Bankers are extending finance for purchase of Autorickshaws in the entire State. The vehicles are hypothecated to the financing banks and the autorickshaw owners execute necessary documents in favour of the banks to that effect.
SLBC received reports from member banks that many such loans have been classified as Non Performing Assets due to non payment of installment and interest. Banks are taking possession of such vehicles after exhausting all possible steps for normal recovery.
When the bank proposes to transfer the ownership and the permit to the successful bidder in the auction, the Regional Transport Authorities insist for the appearance of the owner of the Auto and sign the transfer form. This procedure results in very low quote for the seized vehicles in auction as the successful bidders are expected to pay a heavy amount to the original owner for transfer of permit.
The member banks request that the transfer of both the ownership of the vehicle and permit to be done on application by financing bank alone without insisting the appearance and signature of the original owner (defaulter borrower).
The State Government is requested to consider the request of the banks and to issue necessary instructions to the Regional Transport Authorities.
This will definitely encourage the banks to go in for more number of loans to Autorickshaws and other commercial vehicles.
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AGENDA NO: 7 138th SLBC
Standardised Financial Literacy Material provided by Reserve Bank of India- Financial Literacy Diary & Guides
Reserve Bank of India, advised SLBC to print and circulate the Financial Literacy diary & guide provided by them to all the Rural Branches, Financial Literacy Centres, Rural Self Employment Training Institutes for conducting Financial Literacy Camps by rural branches of all the commercial banks in the State.
SLBC has already estimated the requirement for the State. There is a requirement of printing 6400 copies of Financial Literacy Guide and 6,96,000 copies of Financial Diaries for the purpose of conducting Financial Literacy Camps by Rural branches /FLCs/ RSETIs. NABARD has given in principle approval for printing the same.
The tender has been floated and the successful bidder has been advised to print the material. The bank wise requirement has been estimated based on the number of their rural branches in the state and the printer has been advised to dispatch the material to all the banks.
Member banks will be receiving the material from the printer shortly. The member banks are requested to acknowledge the receipt of the material allotted for them and to circulate the same to all their rural branches, FLC, RSETI etc.
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AGENDA NO: 8 138th SLBC
Study on the functioning of Business Correspondents engaged by banks in Tamil Nadu by SLBC:
Reserve Bank of India, Chennai advised SLBC to submit a detailed report on the functioning of Business Correspondents in Tamil Nadu.
There are 12261 unbanked villages under different population categories identified and allotted to various banks by SLBC for coverage under Financial Inclusion. Nearly 95% of the above villages are covered through Business Correspondent model only. The rest of the villages are covered through Brick & Mortar branches, Satellite branches, mobile van banking etc.
The second meeting with officials from 4 Lead Banks and Reserve Bank of India was convened on 22.05.2014. It was decided to conduct a survey/study with the following as the members of the study team:
1. Lead District Officer, RBI 2. District Development Manager, NABARD 3. Lead District Manager of the respective District
The study will be conducted in the following eight districts
1. Trichy 2.Tirunelveli 3.Dharmapuri 4. Cuddalore 5. Tiruppur 6. Dindigul 7. Ariyalur 8. Thoothukudi
It has also been decided to select a random sample of BCs / customers/ branches by the Lead District Managers and District manager, NABARD for conducting the study / survey.
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It was decided that the study will be conducted in all the 8 districts before 18.06.2014 and the survey formats will be mailed to SLBC for final consolidation. SLBC has to prepare a report and to submit to RBI before end of June, 2014.
The Lead Banks are requested to advise their Lead District Managers to complete the study as per the timeline if not already done, in co ordination with LDO of RBI and DDM of NABARD of the respective district. The member banks are requested to instruct their branches in the above districts about the study and advise them to extend necessary co-operation to the team to conduct the study / survey.
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AGENDA NO: 9 138th SLBC
Issuance of Loan Eligibility Certificates to lease land/tenant/oral lessee farmers in the lines of Andhra Pradesh land Licensed Cultivators Act, 2011
NABARD convened a meeting of Commercial Banks at Mumbai on 15.04.2014 to discuss the Agriculture Lending – Road map for 2014-15. In the above meeting the Andhra Pradesh model of issuance of Loan Eligibility Certificates (LEC) to the lease land/tenant/oral lessee farmers was discussed and all other states were advised by NABARD to replicate this model, as it is beneficial to the tenant/lease cultivators. The LEC is issued under Andhra Pradesh land Licensed Cultivators Act, 2011.
SLBC vide its letter dated 07.05.2014 has requested the State Government to explore the possibility of enumeration of such lease land/tenant/oral lessee farmers in Tamil Nadu and to issue them with similar Loan Eligibility Cards as in the case of Andhra Pradesh.
The State Government is requested to examine the request.
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AGENDA NO: 10 138th SLBC
Adoption of ‘Bhoomi’ project of Karnataka in Tamil Nadu:
Computerisation of Land Records has been done under ‘Bhoomi Project’ of Karnataka, which has a provision for mutation management, updation, maintenance of Record of Rights. Head Office of NABARD vide their letter requested State Government of Tamil Nadu to implement online record maintenance of land records as done in Bhoomi Project.
The above subject was also discussed in NABARD’s meeting with commercial banks held on 15.04.2014, wherein the SLBC convenor banks were advised to place an agenda in the SLBC meeting for discussing the matter.
An agenda point was placed in the 130th meeting of SLBC, Tamil Nadu, held on 28.06.2012 requesting the State Government to computerize all land records and also to enable online creation of charge while availing loans from banks.
The forum may discuss on this issue.
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AGENDA NO: 11 138th SLBC
Mission for Integrated Development of Horticulture (MIDH) - Revision of guidelines:
National Horticulture Board, Chennai vide their letter dated 28.05.2014 forwarded a copy of the circular issued by National Horticulture Board, Gurgaon advising revised guidelines under Mission for Integrated Development of Horticulture (MIDH).
As per the revised guidelines the credit in the projects from North Eastern States and for organizations in the public sector, autonomous bodies including cooperatives, registered societies/trust and public limited companies who can meet the remaining share of project cost out of their own resources has been delinked from the current Financial Year 2014-15, such proposals have to be appraised by the following identified agencies:
S.No Proposal from Appraising Agencies 1 North Eastern states North Eastern Development Finance Corporation(NEDFI), NABCONS, Nationalised Commercial Banks 2 Cooperative sector NCDC & Nationalised Commercial Banks 3 Public Sector NABARD/NABCONS, Nationalised organizations and Commercial Banks Autonomous Body 4 Regd. Societies/Trust and Nationalised Commercial Banks & public Sector Enterprises NABCONS
The members are advised to take note of the revised guidelines. A copy of NHB letter is enclosed as annexure.
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AGENDA NO: 12 138th SLBC
Farmer Producer Organisations / Farmer Producer Companies/ Venture Capital Assistance Scheme
The year 2014 is identified and promoted as “Year of Farmer Producer Organisations” by Department of Agriculture and Cooperation by Government of India. A state level meeting of Producers Cooperatives/ Farmer producer Organisations/Farmer Producer Companies and bankers was held on 09.05.2014 at NABARD, Regional Office, Chennai.
In the above meeting the following aspects were discussed: 1. Banks to develop customized loan products for Producer Organisations and extend adequate credit under SFAC scheme. 2. An agenda to be included in the DCC/SLBC meetings to create awareness about the PO among the bankers. 3. Banks to take advantage of SFAC’s Credit Guarantee Funds for financing Producer Organisations.
Many Banks have evinced interest in financing Producer Organisations and wanted the list of such Farmer Producer Organisations / Farmer Producer Companies in Tamil Nadu for their immediate reference.
SFAC, Chennai has provided the list of Farmer Producer Organisations / Farmer Producer Companies to SLBC for circulation among the member banks which is given as annexure. The member banks are requested to examine the requests for financial assistance to the Farmer Producer Organisation / Farmer Producer Companies.
The list of pending proposals under Venture Capital Assistance provided by SFAC, Chennai is enclosed. Member banks are requested to process the pending proposals at the earliest.
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List of Farmer Producer Companies in Tamil Nadu
S.No District Farmer Producer Companies 1. MADURAI AHARAM TRADITIONAL CROP PRODUCER COMPANY LIMITED (UO1111TN2005PTC057948) 18 KENNET CROSS ROAD,ELLIS NAGAR, MADURAI CITY PIN 625 010TAMILNADU,INDIA TEL: +91 452 2607762 FAX: +91 452 2300 369 EMAIL: [email protected] PUDUR KALANJIAM HAND MADE PAPER PRODUCER COMPANY LIMITED (U21093TN2004PTC054106) 26, RAJIV GANDHI I STREET, LOORTHU NAGAR, II STREET, K PUDUR,MADURAI Tamil Nadu 625007
VASIMALAIAN AGRI FARMERS PRODUCER COMPANY LIMITED (U01403TN2011PTC083285) 5-248, VASI NAGAR, THOTAPPANAYAKKANOOR, USILAMPATTI, MADURAI TAMIL NADU 625532
2 VILLUPURAM BHARAT MULTI PRODUCTS PRODUCER COMPANY LIMITED (U01403TN2011PTC082894) 3/1, K K ROAD, (KALVI ULAGAM) VILLUPURAM TN 605 602
3 SIVAGANGAI CHETTINAD PRODUCER COMPANY LIMITED (U93000TN2010PTC074592) 112. P.R.N.P STREET, PALLATHUR - 630107 KARAIKUDI, SIVAGANGAI DIST +91 - 4565-283050 EMAIL: [email protected]
SINGAMPUNARI COIR REGENERATION KALANJIAM PRODUCER COMPANY LIMITED (U74999TN2008PTC070213) 10-6-32/1 G H ROAD, BHARATHI NAGAR, SINGAMPUNARI, SIVAGANGAI DIST TAMIL NADU 630502
4 THANJAVUR EAST COAST PRODUCER COMPANY LIMITED (U01400TN2011PTC081289) NO. 9/15, K.P.M COLONY, SUBBIAH PILLAI STREET,PATTUKOTTAI, THANJAVUR, TAMILNADU-614 601
5 ERODE ERODE PRECISION FARM PRODUCER COMPANY LIMITED (U51909TZ2008PTC014802) NO. 42, HOSPITAL ROAD, SIVAGIRI, ERODE DISTRICT, ERODE - 638 109, TAMIL NADU, INDIA +(91)-(4204)-240668 +(91)-9843165959
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ULAVAN PRODUCER COMPANY LIMITED (U01119TZ2012PTC018496) 204, BHAVANI MAIN ROAD, ERODE-TAMIL NADU 63800
TURMERIC INDIA PRODUCER AGRICULTURE COMPANY LIMITED, (U01404TZ2012 PTC018915) RAGUPATHY NAICKEN PALAYAMERODE,638002 TAMILNADU,INDIA
6 CHENNAI INTEGRATED PRIMERY PRODUCER COMPANY LIMITED (U01400TN2012PTC085592) NEW NO.5, OLD NO.43, NAVARATHNA GARDENS, 2ND STREET, EKKATTUTHANGAL, CHENNAI, TAMIL NADU NOBLE HERBAL DRUGS CONSORTIUM PRODUCER COMPANY LIMITED (U01117TN2008PTC068106) NO.3, PUZHAL, KAVANGARAI, KANNAPASAMY NAGAR, SIDDIKIYA STREET, CHENNAI, TAMIL NADU 600066
SMALL AND MARGINAL AGRICULTURE (INDIA) PRODUCER COMPANY LIMITED ( U01100TN2011PTC083514) FIRST FLOOR, NO.23, WEST PARK ROAD, SHENOY NAGAR,CHENNAI, TAMIL NADU-600030. [email protected]
7 NILGIRIS JUST CHANGE INDIA PRODUCER COMPANY LIMITED (U51909TZ2006PTC012462) POST BOX.2, THOTTAMOOLA, GUDALUR, THE NILGIRIS DIST TN-643 212 +91-4262-261562 +91-4262-261504 [email protected]
8 RAMANATHAPURAM KALANJIAM BIO-ENERGY PRODUCER COMPANY LIMITED (U01119TN2004PTC054291) MUTHUKULATHUR ROAD, KALANJIA NAGAR, KOTTAIMEDU - KAMUTHI , RAMANATHAPURAM,TAMIL NADU 623604
RAMANAD PESTICIDE FREE CHILLIES PRODUCER COMPANY LIMITED (U01119TN2004PTC053894) D-F, SANTHANA VILAS ILLAM, KAMUDHI ROAD, MUDUKULATHUR, RAMNAD DIST, TAMIL NADU- 623704
9 CUDDALORE KALANJIAM MILK PRODUCER COMPANY LIMITED (U01403TN2009PTC071221) PLOT NO 100 102 AYEKUPPAM VILLAGE ADDRESS 2 : KULLANCHAVADI POST CITY : CUDDALORE STATE : TAMIL NADU PIN : 607301, Email Id : [email protected]
PORTO NOVA WOMEN CASHEW PRODUCER COMPANY LIMITED (U01110TN2012PTC084986)
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VIDIYAL NAGAR, CHINNOOR PUDUPETTAI VILLAGE, PARANGIPETTAI, CUDDALORE,TAMIL NADU-608502
10 KANNYAKUMARI KANYAKUMARI CASHEW CLUSTER PRODUCER COMPANY LIMITED (U15316TN2012PTC085422) 9-3/1, THETTIVILAI, NEAR DEVIKUMARI WOMEN COLLEGE, KUZHITHURAI ,KANNYAKUMARI,TN 629 163 [email protected]
NANJIL AGRICULTURAL PRODUCER COMPANY LIMITED (U01400TN2012PTC084381) 58A, RAJAVOOR, THECKOOR, MARUNGOOR,KANNYAKUMARI,TAMIL NADU-629 402. [email protected]
11 NAMAKKAL KOLLIMALAI MOOLIGAI PRODUCER COMPANY LIMITED (U51909TZ2006PTC012503) CHINNA KOILUR, VALLAPPUR NADU, KOLLI HILLS, NAMAKKAL DISTRICT, TAMIL NADU
KONGU WEAVERS PRODUCER COMPANY LIMITED (U91110TZ2004PTC011305) 151 ARASANKADU ANANGURPANANGATTUPALAYAM, DEVANANKURICHI POST TIRUCHENGODE NAMAKKAL, TN- 637 209 [email protected]
SRI ARUL MURUGAN FARM PRODUCER COMPANY LIMITED (U51101TZ2011PTC016752) 3/167-B PACHAGOUNDAN VALASU, NEAR PETROL BUNK SOLASIRAMANI, PARAMATHI VELUR, NAMAKKALTAMIL NADU-637210
12 THIRUCHIRAPALLI MANAMEDU HANDLOOM TEX CONSORTIUM PRODUCER COMPANY LIMITED (U17214TN2010PTC074504) 10/7, SRIRAM COMPLEX, THURAIYUR BYE-PASS CORNER, MUSIRI,THIRUCHIRAPALLI, TAMIL NADU, 621211 THATHIENGARPETTAI PRECISION FARM PRODUCER COMPANY LIMITED, (U01400TN2014PTC094762) SOUTH MUDALIAR STREET, NO.3, WARD NO.4, DOOR NO.58, THATHIENGARPETTAI,MUSIRI TALUK-621214 TRICHY, TAMIL NADU, INDIA 13 KARUR NACHALUR FARMERS PRODUCER COMPANY LIMITED (U01400TN2012PTC086262) 37/4 , VALLUVAR NAGAR , NACHALUR POST, NANGAVARAM VIA, KULITHALAI TALUK, KARUR TAMIL NADU-639 110 [email protected] NADAYANUR AGRICULTURAL PRODUCERS COMPANY LIMTED, (U01403TN2013PTC092594) 52A, SOTTAIYUR,NADAYANUR,KARUR-639117 TAMILNADU,INDIA
14 NAGAPATTINAM NAGAI AGRICULTURAL PRODUCER COMPANY LIMITED (U01404TN2010PTC075763) NO.5, METTU BUNGALOW, NEW BEACH ROAD, KADAMBADI, NAGAPATTINAM,TAMIL NADU-611 001
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NAGAI MILK PRODUCER COMPANY LIMITED (U01131TN2010PTC075759) NO.5, METTU BUNGALOW, NEW BEACH ROAD, KADAMBADI, NAGAPATTINAM ,TAMIL NADU-611 001 [email protected]
POOMPUHAR CAUVERY DELTA FARMERS PRODUCER COMPANY LIMITED (U01110TN2010PTC076513) 584.A MANTHAKARAI, NEAR TNCSC, MAIN ROAD, POOMPUHAR VILLAGE, POOMPUHAR POST, NAGAPATTINAM,TAMIL NADU- 609105
UNITED SMALL SEA FISHERMAN PRODUCER COMPANY LIMITED (U05000TN2011PTC082318) NO. 208, NAMBIYAR NAGAR, AMMAN KOIL STREET, NAGAPATTINAM, TAMIL NADU- 611001
VEDHAM CASHEW PRODUCER COMPANY LIMITED (U01400TN2012PTC086088) PANDARATHAN KADU, PUSHPAVANAM, VEDARANYAM TALUK, NAGAPATTINAM,TAMIL NADU-614809
CAUVERY FARMERS PRODUCER COMPANY LTD., (U01400TN2014PTC094830) NO.1A/1, THIRUVARUR ROAD,KILVELUR,611104 NAGAPATTINAM DISTRICT,TAMILNADU AKSHYA CASHEW PRODUCER COMPANY LIMITED (U01403TN2012PTC086124) NO 300, KASIM NAGAR, PUTUR, SIRKALI TALUK ,NAGAPATTINAM,TAMIL NADU 608 109 [email protected]
15 THIRUVARUR NANNILAM AGRARIAN PRODUCER COMPANY LIMITED (U01400TN2012PTC084893) NO.199, SOUTH STREET, KOTHTHAVASAL, NANNILAM, TIRUVARUR, TAMIL NADU-609 503 [email protected]
16 PERAMBALUR PACHAIMALAI HERBAL PRODUCER COMPANY LIMITED (U85190TN2007PTC064760) NADUPPATHAI,KULATHUKADU, ARUMBAVOOR POST,VEPPANTHATTAI TALUK, PERAMBALUR, TAMIL NADU- 621103, [email protected]
17 THIRUVALLUR PAZHAVERKADU JEEVAJYOTHI FISHERWOMEN LIVELIHOODS AND SERVICES PRODUCER COMPANY LIMITED (U05005TN2009PTC072942) JAMEELABAD ROAD, JAMEELABAD VILLAGE, PAZHAVERKADU POST, THIRUVALLUR,TAMIL NADU-601205. [email protected]
18 THENI PERIYAKULAM COIR CLUSTER KALANJIAM PRODUCER COMPANY LIMITED (U01403TN2009PTC070744) COIR SOCIETY COIR COMPLEX, SATHANKOVIL PIRIVU SENGULATHUPATTI, PERIYAKULAM, THENI, TAMIL
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NADU-625601 [email protected]
CUMBUM VALLEY FRUITS AND VEGETABLES PRODUCER COMPANY LIMITED (U01120TN2010PTC076198) HOUSE NO 2 J - 1, WARD 31, L.F.ROAD, GANDHI NAGAR, CUMBUM, TAMIL NADU
19 DINDIGUL REDDIARCHATRAM SUSTAINABLE AGRICULTURE PRODUCER COMPANY LIMITED (U01403TZ2010PTC016029) RENGA FARM, KANNIVADI PO, DINDIGUL, TAMIL NADU-624705 [email protected]
AYAKUDI GUAVA AND FRUITS PRODUCER COMPANY LIMITED, (U01110TZ2014PTC20136) NO.7,SANTHAI PETTAI, DINDIGUL ROAD,OLD AYAKUDI POST,PALANI(TK) DINDIGUL-624613,TAMILNADU.
ODDANCHATRAM MURUNGAI PRODUCER COMPANY LIMITED (U01110TZ2014PTC020178) NO.10/74F,NAGA COMPLEX, OPP. POLICE STATION, IDAYAKOTTAI, DINDIGUL-624704TAMILNADU 20 COIMBATORE TAMILNADU PRECISION FARM PRODUCER COMPANY LIMITED (U01409TZ2010PTC015897) OLD NO; 22, NEW NO; 32, OM GANESH NAGAR, VADAVALLI, COIMBATORE, TAMIL NADU 641041
VELLAIANGIRI UZHAVAN PRODUCER COMPANY 1A, RAMASAMY ILLAM, RELIANCE NAGAR, ALANDURAI, COIMBATORE-641101, TAMILNADU 21 SALEM THIRUVALLUVAR FARMERS PRODUCER COMPANY LIMITED (U01403TZ2012PTC018691 DOOR NO.4/79 B1, MAIN ROAD, THUMBAL POST, ATTUR TALUK, SALEM, TAMIL NADU 636114 22 DHARMAPURI DHARMAPURI DISTRICT MINOR MILLET FARMER PRODUCER COMPANY LIMITED (U01111TZ2014PTC020138) 2/132, GOWRICHETTI PATTI,DILIYANOOR, PENNAGARAM TALUK,DHARMAPURI-636813 TAMILNADU 23 VIRUTHUNAGAR RAJAPALAYAM PRECISION FARMERS PRODUCER COMPANY LIMITED, (U01403TN2013PTC 091326) 8B,SUBBURAJA MADAM STREET, RAJAPALAYAM - 626117 TAMILNADU,INDIA.
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Venture Capital Assistance Pending Cases of Tamil Nadu
Sl. Project Bank Name Activity VCA Status No (Rs.in lakhs) 1. M/s.Bnazrum Agro Export pvt Ltd, Corporation Bank Gherkins 75.00 Reply awaited from bank/promoters Dindigul 2. M/s. Selvam Agro Products, State Bank of India Coconut Oil 11.76 Reply awaited from bank Tiruppur Extraction
3. M/s.Yogic Foods Private Limited State Bank of Coconut 37.87 Reply awaited from bank Travancore 4. M/s.Fruzyme Bio-tech India Pvt State Bank of India Food Processing 23.84 Ltd, Tiruppur (Papain powder Reply awaited from bank from Papaya) 5. M/s.Aqua Agri Processing Pvt.Ltd Oriental Bank of Aqua Agriculture 75.00 Reply awaited from bank/promoters Commerce 6. M/s.Prasmo Agri, Thiribuvanam, Indian Overseas Kappaphycus 100 Not registered & informed to Thanjavur Bank bank/promoter
7. M/s. Kadeshwara Oil Mill, State Bank of Coconut Oil 22.53 Not registered, asked to file in Tiruppur Travancore extraction prescribed format
8. M/s. Rengamani Industries, Canara Bank Corn Flakes 33.00 Not registered & informed to Perambalur Manufacturing bank/promoter
9. M/s. Farm Pack Coconut Pvt. Ltd, Indian Overseas Coconut Oil 21.50 Not registered & informed to Pattukottai Bank bank/promoter
Total 400.50
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AGENDA NO: 13 138th SLBC
Target for SHG credit linkage for the year 2014-15 / Guidelines on recovery camps and reducing SHGs NPA
Tamil Nadu Corporation for Development of Women Ltd has advised a target of Rs.6000 Crores for SHG credit linkage for the current year (2014-15).
District-wise Credit linkage Targets advised by TNCDW are furnished in the Annexure.
TNCDW also advised the draft guidelines on recovery camps and recovery / upgradation of SHGs NPA. The details are enclosed as annexure which has already been circulated to all member banks & Lead District Managers by SLBC vide its letter dated 29.04.2014.
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AGENDA No: 14 138th SLBC
REVIEW ON BANKING DEVELOPMENTS IN TAMILNADU IN KEY PARAMETERS AS OF MARCH 2014
KEY PARAMETERS (Amount in Crores)
March March Growth over March Parameters 2013 2014 2013
No. of Branches 8041 8841 800 Deposits 444585.54 508231.14 63645.60 14.32% Advances 533519.70 605563.11 72043.41 13.50% CD Ratio 120.00% 119.15% Investments 4825.31 6114.42 1289.11 26.71% Credit + Investment to Deposit 121.09% 120.35% Ratio Priority Sector Advances 211055.69 242988.28 31932.59 15.13% % of Priority Sector Advances 46.98% 45.54% to Total Advances Agricultural Advances 98247.23 107667.51 9420.28 9.59% % of Agricultural Advances to 21.87% 20.18% Total Advances Micro & Small Enterprises 68574.35 86885.80 18311.45 26.70% (MSE) Of which Micro enterprises 28979.17 37076.60 8097.43 27.94% Micro Credit 4011.45 3946.11 (65.34) Education 14040.01 15145.93 1105.92 7.88% Housing 26182.64 29342.93 3160.29 12.07% Advances to Weaker Sections 55449.80 69471.50 14021.70 25.29% % of Weaker Section Advances 12.34% 13.02% to Total Advances DRI Advances 104.27 108.65 4.38 % of DRI Advances to Total 0.02% 0.02% Advances
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BRANCH NETWORK
As at the end of March 2014, the total number of Bank Branches in Tamil Nadu increased to 8841 from 8041 in March 2013. Group wise spread of Bank branches in Tamil Nadu as of March 2013 and March 2014 are given below:
Name of the Group Mar 2013 Mar 2014 Variation
State Bank Group 1152 1221 69 Nationalised Banks 4315 4695 380 Other Public Sector Banks 74 87 13 Private Sector Banks 2102 2399 297 RRBs 374 417 43 Foreign Banks 24 22 -2 TOTAL 8041 8841 800
DEPOSIT GROWTH
Deposits of the Banks in Tamil Nadu have increased from Rs.444585.54 crores as of March 2013 to Rs.508231.14 crores as of March 2014, registering an increase of Rs.63645.90 crores. The year on year incremental deposit growth is 14.32%.
CREDIT EXPANSION
The total advances increased from Rs.533519.70 crores as of March 2013 to Rs.605563.11 crores as of March 2014, an increase of Rs.72043.41 crores. The incremental growth is 13.50%.
CD RATIO
The Credit Deposit Ratio of the Banks in Tamil Nadu slightly decreased from 120.00% as of March 2013 to 119.15% as of March 2014.
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PRIORITY SECTOR ADVANCES
The percentage of priority sector advances is 45.54% as of March 2014 as against the national norm of 40%.
The share of Priority Sector Advances have slightly decreased from 46.98% as of March 2013 to 45.54% as of March 2014.
AGRICULTURAL ADVANCES
The aggregate of agricultural advances extended by Banks in Tamil Nadu have increased from Rs.98247.23 crores as of March 2013 to Rs.107667.51 crores as of March 2014, thus registering an increase of Rs.9420.28 crores in absolute terms and 9.59% in percentage terms. The percentage of Agricultural sector advances to total advances is 20.18% as of March 2014 as against the national norm of 18%.
MICRO & SMALL ENTERPRISES (MSE)
The advances to Micro & Small Enterprises sector (MSE) during the period under review have witnessed an increase by Rs.18311.45 crores, from Rs.68574.35 crores as at March 2013 to Rs. 86885.80 crores as at March 2014. The incremental growth is 26.70%.
EDUCATION LOAN
Educational Loans have increased from Rs.14040.01 crores in March 2013 to Rs.15145.93 crores as of March 2014. The increase of Rs.1105.92 crores under Educational Loans represents a growth rate of 7.88%.
HOUSING LOAN
The outstanding under Housing Loans has increased from Rs.26182.64 crores as of March 2013 to Rs.29342.93 crores in March 2014. The increase of Rs.3160.29 crores under housing loan represents a growth rate of 12.07%.
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ADVANCES TO WEAKER SECTIONS
The advances to Weaker Sections increased from Rs.55449.80 crores as of March 2013 to Rs.69471.50 crores as at the end of March 2014, registering a growth rate of 25.29%. At this level, advances to Weaker Sections constitute 13.02% of the total credit against the national norm of 10%.
DRI ADVANCES
The outstanding advances under DRI has increased from Rs.104.27 crores as of March 2013 to Rs. 128.24 crores as of March 2014.
The percentage of DRI advances to total advances is 0.02%.
PERFORMANCE OF COMMERCIAL BANKS UNDER THE STIPULATED NATIONAL NORMS ARE AS UNDER: (Amount in Crores) National Norms for Achievement for March 2014 March 2014 Particulars % Target % Amount Amount Priority Sector Advances to 40.00% 213407.88 45.54% 242988.28 Total Advances Agricultural Advances to Total Advances 18.00% 96033.55 20.18% 107667.51 Weaker Section Advances to Total Advances 10.00% 53351.97 13.02% 69471.50
The share of Priority Sector advances stands at 45.54% as against the National Norm of 40%. The percentage of Priority Sector Advances to total Advances has shown a marginal decline from 46.98 % as at the end of March 2013 to 45.54% as at the end of March 2014.
The percentage of Agri Advances to total advances has shown marginal decline from 21.87% as at the end of March 2013 to 20.18% in March 2014.
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CREDIT + DEPOSIT RATIO
CD Ratio as of March 2014 is as follows:
(a) Banks excluding Co-operative Banks : 119.15%
(b) Including Co-operative Banks : 118.62%
Target for the year ended March 2015
Particulars National Norms in Target for 2014- percentage 15 (Amt. in crores) Priority Sector 40% 242225.24 Advances Agricultural advances 18% 109001.36 Weaker Section 10% 60556.31 Advances
DISTRICTWISE PERFORMANCE OF COMMERCIAL BANKS IN TAMILNADU
A comparative analysis of the performance of the Commercial Banks in Tamil Nadu indicates the following:
Ariyalur district has the highest CD ratio at 215.83% followed by Theni district (207.69%) & Dharmapuri district (197.19%).
All the districts in the state except Kancheepuram district have achieved the desired CD ratio of 60% or more.
Agricultural advances to total advances is below 18% norm in Coimbatore district which is 12.66%.
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REVIEW OF OPERATIONS OF CO-OPERATIVE BANKS IN TAMILNADU AS AT THE END OF MARCH 2014
As at the end of March 2014, there were 855 branches of Co-operative Banks (both, District Central Co-operative Banks and State Agricultural and Rural Development Banks) in Tamil Nadu. The details are furnished for the information of the members.
Classification of Branches March 2013 March 2014 Rural 258 276 Semi-Urban 212 225 Urban 203 203
Metro 148 151 TOTAL 821 855
(Amount in Crores) March Particulars March 2013 2014 Deposits 25627.17 30969.96 Advances 33840.92 34014.24 Investments 7930.69 10139.13 CD Ratio 132.05% 109.83% Credit + Investment to Deposit Ratio 163.00% 142.57%
(Amount in Crores) S. March March No. Particulars 2013 2014 1 Agricultural Advances 4828.75 11553.66 Of which, Direct Advances 349.34 6147.21 2 Micro & Small Enterprises 2565.07 1472.10 3 Education 2.56 2.65 4 Housing 171.94 221.51 5 Micro Finance & Others 450.28 1456.19 TOTAL PRIORITY SECTOR ADVANCES 8018.60 14706.11
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ADVANCES UNDER SPECIAL PROGRAMMES / SCHEMES / SECTORS
(Amount in crores) March March Particulars 2013 2014 Total Advances to Weaker Sections 8091.18 7028.03 Of which, Advances under SC/ST 1996.73 997.57
NPA POSITION IN PRIORITY SECTOR ADVANCES – March 2014 (Amount in crores) As of March 2014 Sector NPA % of NPA Amount i) NPA in Housing loans 9.99 4.51% iii) NPA in Agriculture Loans 305.99 2.65% iv) NPA in Loans to MSE 13.62 0.93% v) NPA in Loans to Micro Credit 69.74 4.79% vi) NPA in over all Priority Sector Lending 399.34 2.71%
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Districtwise Statistical data on the operation of Commercial Banks – Outstanding as at the end of March 2014
No. of Branches State % of Spon. Sl. % of Agri. Micro Edu WS SC/ Name of the District Deposits Advances CDR PSA Agri. MSE Orgs. Housing DRI No. PSA Adv. Credit cation Adv. ST Adv. For R SU U M Total SC/ST 1 CHENNAI 0 0 0 1326 1326 260105.67 319219.44 122.73 53049.74 18.99 7989.26 2.86 35333.59 155.53 0.00 1727.85 7843.51 22142.03 1.21 1938.17 2 ARIYALUR 39 25 0 0 64 984.56 2124.99 215.83 1927.48 116.59 1442.08 87.23 113.99 77.35 0.00 210.17 83.89 1011.04 2.72 305.44 3 COIMBATORE 118 197 322 0 637 40024.31 50384.19 125.88 20011.93 44.30 5721.01 12.66 9120.46 144.56 0.00 938.35 4087.55 3689.15 4.12 235.42 4 CUDDALORE 93 82 50 0 225 8078.76 8746.53 108.27 7279.44 94.98 5120.30 66.81 861.22 164.13 0.00 502.42 631.37 2251.89 5.04 718.37 5 DHARMAPURI 52 67 0 0 119 2010.05 3963.71 197.19 3784.21 107.10 2605.65 73.74 526.48 88.12 0.00 347.39 216.57 1144.61 3.18 153.26 6 DINDIGUL 104 91 55 0 250 4912.35 7639.96 155.53 6199.57 88.85 4087.28 58.58 1174.31 88.83 0.00 404.67 444.48 1933.70 3.60 303.53 7 ERODE 108 119 72 0 299 9472.74 12765.08 134.76 9095.58 76.45 4618.08 38.82 2702.10 90.73 0.00 681.91 1002.76 1690.53 3.58 50.37 8 KANCHEEPURAM 164 196 171 0 531 23870.43 13058.01 54.70 6751.59 49.93 2441.43 18.06 2095.60 198.53 0.00 479.93 1536.10 1240.75 5.50 444.53 9 KANYAKUMARI 71 111 61 0 243 7689.30 10295.47 133.89 7893.96 85.43 5335.54 57.74 1221.69 126.03 0.00 590.22 620.48 2286.76 4.57 246.58 10 KARUR 64 71 0 0 135 3375.37 5045.70 149.49 3951.13 90.83 2000.22 45.98 1168.79 64.29 0.00 297.81 420.02 513.05 3.80 143.74 11 KRISHNAGIRI 74 98 0 0 172 4665.96 6180.98 132.47 5045.20 96.71 3112.78 59.67 1067.24 163.06 0.00 259.48 442.64 1291.84 2.38 312.44 12 MADURAI 90 62 218 0 370 15345.33 16522.69 107.67 11033.94 73.77 5420.62 36.24 3154.34 231.52 0.00 754.29 1473.17 2381.91 5.03 895.76 13 NAGAPATTINAM 80 79 0 0 159 4381.36 3944.32 90.03 3401.96 95.78 2281.63 64.23 519.69 115.30 0.00 253.86 231.48 819.27 3.61 263.15 14 NAMAKKAL 81 110 0 0 191 5100.07 8511.08 166.88 5352.31 81.47 2961.27 45.08 1486.96 70.74 0.00 399.67 433.67 1007.33 2.25 219.29 15 NILGIRIS 24 86 0 0 110 3033.80 2085.83 68.75 1627.54 85.53 916.78 48.18 186.18 78.59 0.00 238.50 207.49 714.74 1.67 129.18 16 PERAMBALUR 41 36 0 0 77 1344.91 2337.11 173.77 1985.44 96.16 1490.84 72.21 246.69 18.22 0.00 130.06 99.63 410.41 0.18 324.45 17 PUDUKOTTAI 118 40 19 0 177 2890.74 4725.73 163.48 4342.59 106.82 2858.37 70.31 834.96 109.52 0.00 287.49 252.25 2071.22 5.12 124.71 18 RAMANATHAPURM 72 75 0 0 147 2645.65 3511.49 132.73 3144.66 98.87 2127.31 66.88 543.54 40.68 0.00 222.57 210.56 1622.66 3.69 887.27 19 SALEM 102 106 125 0 333 10449.78 13855.10 132.59 9537.74 80.86 4486.05 38.03 3308.63 253.56 0.00 732.89 756.61 1583.00 3.44 405.39 20 SIVAGANGA 119 107 0 0 226 4734.87 5178.27 109.36 4664.84 104.46 3067.50 68.69 798.10 119.15 0.00 351.90 328.19 1560.64 4.44 225.68 21 THANJAVUR 102 87 90 0 279 8699.25 8960.48 103.00 7026.67 85.95 4022.19 49.20 1574.78 106.13 0.00 631.91 691.66 1703.11 5.59 458.81 22 THENI 43 107 0 0 150 2511.80 5216.66 207.69 4789.35 101.46 3169.51 67.14 927.43 141.91 0.00 299.90 250.60 1402.95 3.52 648.82 23 THIRUVANNAMALAI 74 64 32 0 170 3370.79 4312.57 127.94 3165.41 96.19 2064.08 62.72 594.72 120.25 0.00 239.66 146.70 822.72 3.69 193.14 24 TIRUPPUR 78 120 89 0 287 9065.23 15188.07 167.54 9404.28 66.90 3432.73 24.42 4571.29 171.23 0.00 584.16 644.87 1212.28 4.02 149.46 25 TIRUCHIRAPPALLI 101 103 143 0 347 14275.43 13318.85 93.30 8629.20 71.50 4061.17 33.65 2556.00 158.98 0.00 604.01 1249.04 2400.16 4.32 702.62 26 TIRUNELVELI 116 139 85 0 340 10184.28 9958.72 97.79 7578.16 84.05 4282.50 47.50 2014.65 90.63 0.00 547.86 642.52 2501.77 3.18 480.05 27 TIRUVALLUR 87 130 116 0 333 14806.77 11990.10 80.98 5968.99 68.12 1931.58 22.04 1933.07 218.77 0.00 644.01 1241.56 1251.92 3.30 183.39 28 TIRUVARUR 70 75 0 0 145 3082.40 2839.75 92.13 2133.09 77.38 1327.94 62.14 372.89 57.27 0.00 162.81 212.18 290.51 2.53 108.63 29 TUTICORIN 84 62 64 0 210 7727.34 7848.06 101.56 5706.86 89.44 2639.30 41.37 1438.56 68.38 0.00 242.24 1318.38 1174.59 2.39 354.30 30 VELLORE 129 130 64 0 323 8938.83 8902.70 99.60 6394.27 82.44 3583.09 46.20 1316.73 192.53 0.00 543.38 758.54 1947.88 2.52 252.62 31 VILLUPURAM 133 106 0 0 239 4288.36 7050.47 164.41 5967.40 99.53 4423.37 73.77 654.52 133.06 0.00 492.63 263.82 1764.54 1.95 538.08 32 VIRUDHUNAGAR 87 107 33 0 227 6164.65 9881.00 160.28 6143.75 65.56 2646.05 28.24 2466.60 88.53 0.00 341.93 600.64 1632.54 2.51 295.62 TOTAL 2718 2988 1809 1326 8841 508231.14 605563.11 119.15 242988.28 45.54 107667.51 20.18 86885.80 3946.11 0.00 15145.93 29342.93 69471.50 108.65 12692.27
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AGENDA No: 15 138th SLBC
REVIEW OF PERFORMANCE UNDER ANNUAL CREDIT PLAN 2013 – 2014: (APRIL 2013 TO DECEMBER 2013)
The tentative Annual Credit Plan achievement from April 2013 to December 2013 for the year 2013-14 was placed in the 137th SLBC Meeting held on 21.03.2014.
Now, the final Annual Credit Plan achievement for the period from April 2013 to December 2013 for the financial year 2013-14 for the State of Tamil Nadu is placed below for the information of the forum.
(Amount in Crores) Credit Allocation Credit Disbursed Sector % of achievement April 2013 to December 2013 Farm Sector 49745.32 50488.29 101
Non Farm Sector 13577.06 13005.54 96
OPS 15093.36 15223.95 101
Total 78415.74 78717.78 100
The details of progress made during April 2013 to December 2013 under ACP 2013-14 District-wise/bank-wise/activity-wise is furnished in the annexure for information.
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AGENDA No: 16 138th SLBC
REVIEW OF PERFORMANCE UNDER ANNUAL CREDIT PLAN 2013-14 APRIL 2013 TO MARCH 2014
As per quick information report obtained from the Lead District Managers, banks in Tamil Nadu disbursed credit (both priority and non priority) of Rs. 126412.30 crore against proportionate plan allocations of Rs. 121874.50 crore representing 104% achievement under ACP for the year 2013-14.
The consolidated sector-wise achievement is given below.
(Number of accounts in actual and Amt. in Thousands)
% of Target from April 2013 Achievement from April achievement Sr to March 2014 2013 to March 2014 from April 2013 No Sub-Sector to March 2014
No. Number Amount Number Amount Amt. (%) (%) Priority Agriculture & allied - 1 Direct 11520272 615591751 10758067 669872725 93 109 Agriculture & allied - 2 Indirect 391658 39220733 360434 35495848 92 91 Agriculture & allied - 3 Sub Total=1+2 11911930 654812484 11118501 705368573 93 108 4 MSE 985725 193265160 987149 196474707 100 102 5 Education 274359 30117577 291435 31305508 106 104 6 Housing 196577 51110048 160838 50344551 82 99 7 Others 1129183 121192490 1024851 114646811 91 95 Priority Total 14497774 1050497759 13582774 1098140150 94 105 Non Priority 8 Heavy Industries 82 8650000 82 9877920 100 114 9 Medium Industries 672 32230408 1008 32848847 150 102 10 Education 1216 1940498 2593 1796805 213 93 11 Housing 3649 11623164 3866 7498870 106 65 12 Others 1832206 113803217 1821732 113960410 99 100 Non Priority Total 1837825 168247287 1829281 165982852 100 99 Grand Total (Priority 15 + Non Priority) 16335599 1218745046 15412055 1264123002 94 104
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Sector wise performance
A. Farm Sector (Agriculture and Allied Activities- Direct & Indirect)
The performance under Farm Sector is satisfactory with 108% for the year 2013-14. 26 districts have achieved 100% or more under Farm Sector.
B. MSE Sector – Industries
Performance of Banks in Tamil Nadu under MSE Sector works out to 102% of the proportionate plan allocation for the year 2013-14. 18 districts have achieved 100% or more under MSE Sector.
B. Other Priority Sector (Education, Housing & Others)
Performance of Banks in Tamil Nadu under education, housing & others works out to 104%, 99% & 95% of the proportionate plan allocation for the year 2013- 14.
The details of 1. Districtwise / Sector-wise disbursement (LBS MIS II) and 2. district-wise /Sector-wise achievement against the target (LBS MIS III) from April 2013 to March 2014 under ACP is enclosed as annexure.
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AGENDA: 17 138th SLBC
ANNUAL CREDIT PLAN 2014-15
The consolidated Annual Credit Plan for the financial year 2014-15, based on the District level ACP prepared by LDMs, for the State of Tamil Nadu is placed below for the approval of the forum (reported in LBS MIS I format prescribed by RBI).
The credit plan for the year 2014-15 envisages a total credit flow of Rs.139940.76 crores under PRIORITY and NON PRIORITY sectors. The sector-wise details are given below: (Number in actual/ amt. in thousands) Sr. Yearly Targets under No Sector Sub-Sector ACP Number Amount 1 Agriculture & allied - Direct 11382231 715467183 2 Agriculture & allied - Indirect 478814 47167116 Agriculture & allied – 3 Sub Total = 1+2 11861045 762634299 4 Priority MSE 1040754 225456452 5 Education 226756 33999557 6 Housing 145550 58019767 7 Others 1160222 126804390 8 Sub-total = 4+5+6+7 2573282 444280166 Total (Priority) 14434327 1206914465
9 Heavy Industries 40 6200000 10 Medium Industries 841 37039062 11 Education 873 2204412 Non- 12 Housing 4247 10506108 Priority 13 Others 1782564 136543580 Subtotal=9+10+11+12+13+14 14 (Non Priority) 1788565 192493162 15 Grand Total =3+8+14 16222892 1399407627
Banks in Tamil Nadu have projected an outlay of Rs.76263.43 crores under agriculture sector (an increase of 16.47% over 2013-14 target) which is Rs.6163.43 crores higher than the target of Rs 70,100 crores fixed by NABARD for 2014-15 based on the budgetary allocation.
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Active involvement of all the Banks in Tamil Nadu is sought for the successful implementation of the Annual credit plan 2014-15. Various Departments and agencies of the Government are also requested to extend support in filling up the infrastructure gaps, if any.
The District-wise / Sector-wise plan for 2014-15 is enclosed as annexure.
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AGENDA No: 18 138th SLBC
MICRO & SMALL ENTERPRISES (MSE) SECTOR
Credit flow to MSE Sector from April 2013 to March 2014 is furnished in the annexure. Credit flow to Micro and Small Enterprises amount to Rs.18591.68 crores & Rs 20775.23 crores respectively.
The MSE disbursement made from April 2013 to March 2014 is Rs.39366.91 crores. The share of advance to Micro Enterprises to total MSE upto March 2014 is 47.23%.
Member Banks should speed up the flow of credit to Micro Enterprises so that the 60% norm could be achieved.
The share of Micro Enterprises in credit flow to MSE are furnished in the annexure (Bank-wise).
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AGENDA No: 19 138th SLBC
PRIME MINISTER’S EMPLOYMENT GENERATION PROGRAMME (PMEGP)
KVIC, Chennai vide their letter dated 15.04.2014 has advised the target & achievement for 2013-14 under PMEGP Loan Scheme, as given below:-
(Rs. in Lakhs) Name of Target Achievement the Projects Margin Emp Projects Margin Emp Agency Money Money KVIC 1241 1490.91 9928 552 1385.48 8020 KVIB 1241 1490.91 9928 406 865.40 4759 DIC 1655 1987.88 13240 623 1555.11 8553 Total 4137 4969.70 33096 1581 3805.99 21332
Achievement under the scheme is low compared to the target. Member banks are requested to speed up the sanction / disposal of the pending loan applications immediately and achieve 100%.
KVIC have furnished the share of SC/ST/ Women on PMEGP scheme performance for the year 2013-14. The details are given below.
Share of SC (Rs in Lacs) Year Projects Margin Project Cost Bank Loan Money 2013-14 239 369.89 1039.68 987.70
Share of ST (Rs in Lacs) Year Projects Margin Project Cost Bank Loan Money 2013-14 5 7.57 21.63 20.55
Share of Women (Rs in Lacs) Year Projects Margin Project Cost Bank Loan Money 2013-14 720 1319.08 3768.80 3580.36
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Agenda No: 20 138th SLBC
PERFORMANCE UNDER NEW ENTREPRENEUR-CUM-ENTERPRISE DEVELOPMENT SCHEME (NEEDS) & UNEMPLOYED YOUTH EMPLOYMENT GENERATION PROGRAMME (UYEGP)
The details of bank-wise/ district-wise performance under NEEDS implemented by Dept. of Industries and Commerce, Govt. of Tamil Nadu during the financial year 2013-14 as of April 2014 are furnished in the annexure.
The performance of Unemployed Youth Employment Generation Programme (UYEGP) of Govt. of Tamil Nadu bank-wise/ district-wise along with social category wise for the financial year 2013-14 is furnished in the annexure.
The member banks are requested to actively involve themselves in the implementation of these schemes and dispose all the pending applications immediately.
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AGENDA No: 21 138th SLBC
RURAL SELF-EMPLOYMENT TRAINING INSTITUTES (RSETIS)
All the Four Banks having Lead District responsibilities have opened RSETIs in the lead districts allotted to them (Total 30 RSETIs).
In addition, IOB has opened a RSETI at Kothagiri in Nilgiris District to impart skill training to Tribal People of the Nilgiris District.
Performance of the RSETIs during April 2013 to March 2014:
No of training No. of No of persons Total programme No of trained secured Year Number of conducted persons persons employment/se RSETI during April trained Credit lf employment to Mar 2014 Linked
2013-14 31 706 19909 10393 2554
2012-13 31 498 14321 8335 1056
The performance of all the RSETIs for the year 2013-14 along with grade, present status of the land allotment and status of building construction thereon is enclosed as annexure.
All the 31 RSETIs in the State should endeavour to obtain A/AA grade during the current year. The Monitoring Cell of National Academy of RUDSETIs had advised certain parameters to all the RSETIs for grading them. The RSETIs should comply with the requirements to get A/AA grade.
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AGENDA No.22 138th SLBC
FINANCIAL LITERACY & CREDIT COUNSELLING CENTRES (FLCCC)
Four Lead banks namely IOB, Indian Bank, Canara Bank & State Bank of India have established the FLCCCs and are providing the Financial Literacy and Credit Counselling to the public in their lead districts (31 districts). Apart from the above FLCCCs, Bank of India, ICICI Bank Ltd and Pandyan Grama Bank have established the FLCCC of one each at Chennai and IOB has opened a FLCCC at Kothagiri, Nilgiris District.
FLCCC Progress Report for the year 2013-14 No. of Name of the No. of No of persons Sl. No of Outdoor Bank persons participated in No FLCCC activities Counselled outdoor activities undertaken 1 IOB 13 5178 573 37539 2 Indian Bank 11 4476 160 9555 3 Canara Bank 7 8443 1160 107234 4 SBI 2 1441 78 10692 5 BOI 1 132 0 0 ICICI Bank 6 1 599 12 1930 Ltd Pandyan 7 2 365 29 1445 Grama Bank TOTAL 37 20634 2012 168395
As instructed by Reserve Bank of India, SLBC has printed the Standardised Financial Literacy Posters and sent already to the Controlling Offices of Banks to distribute the same to their rural branches. SLBC is in the process of printing of Financial Diaries/ Guides and it will be circulated shortly.
All the member banks are advised to instruct their rural branches/FLCCCs in the state to conduct the outdoor Financial Literacy Camps with focus on financially excluded people at least once a month as per RBI notifications dated 06.06.2012 & 31.01.2013 and submit the progress details to LDMs / SLBC to review the same in DCC/ SLBC meetings.
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AGENDA No.23 138th SLBC
PROGRESS UNDER FINANCIAL INCLUSION IN TAMIL NADU AS ON 31.03.2014
SLBC identified 4445 unbanked villages in Tamil Nadu with a population of 2000 and above as per census 2001 and allotted to various banks. All the 4445 villages have been provided banking facilities under Financial Inclusion by 31.03.2012.
SLBC identified 7816 unbanked villages in Tamil Nadu with a population of below 2000 and allotted to various banks. All the 7816 villages have been provided banking facilities under Financial Inclusion drive, well ahead of the deadline proposed by RBI/Govt. of India which was March 2016.
All the villages in the State are provided with a banking connection and Tamil Nadu becomes the numero uno State in the country in financial inclusion.
Member banks are requested to ensure that their Business Correspondents are active in their allotted villages and provide the banking facility to all the people in their allotted villages.
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AGENDA NO.24 138th SLBC
FINANCIAL INCLUSION & GREEN INITIATIVES – ICT BASED FINANCIAL INCLUSION
As advised by RBI the statistical data (in a prescribed format) on ICT based Financial Inclusion from member Banks in Tamil Nadu is collected by SLBC and submitted to RBI.
All the member Banks are requested to furnish the data before 5th of every succeeding month to SLBC, as the consolidated statement has to be submitted to RBI before 7th.
The progress made by the Member Banks under Financial Inclusion as of March 2014 is furnished in the Annexure.
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ICT Based Financial Inclusion – Statistical Data POSITION AS ON 31.03.2014
At the beginning of At the end of the the month month 01.03.2014 (31.03.2014) Sl. Particulars No. Number Amt. O/s. Number Amt. O/s. (Rs.in (Rs.in Lacs) Lacs) 1 Number of Villages covered under ICT 12151 12261 based FI Number of No-frills 2a accounts 13933608 77329.04 14084328 81936.17
Overdrafts in no- 2b frills accounts 344048 2060.14 346700 2152.41
3 GCCs 250314 61579.37 575746 354275.51 4 KCCs 2924481 1831274.75 3238054 1899353.03 5 BCs/BFs 10632 10694 6 FLCCs 37 37 7 Smart Cards issued 5613551 5945139 8 Smart card transactions number 20751194 124649.48 23389014 141954.21 volume
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AGENDA NO.25 138th SLBC
PERFORMANCE ON EDUCATIONAL LOANS AS OF MARCH 2014
The total educational loan outstanding target for Tamil Nadu is Rs 16851.08 Crore with a physical target of 1085560 accounts for the year 2013-14 assigned by Ministry of Finance, Government of India.
Banks have reached the educational loan outstanding of Rs.15509.08 crores against the target of Rs.16851.08 crore and No. of accounts is 933398 against 1085560 accounts as of March 2014. The percentage of achievement in loan amount and number accounts is 92.04% and 85.98% respectively. Bank-wise educational loan outstanding as of March 2014 is enclosed.
Ministry of Finance, Govt. of India advised SLBC to submit the educational provisional data for the state by 10th of succeeding month of each quarter. They have also advised to submit final data of each quarter by the end of succeeding month.
All member Banks are requested to advise their provisional data on educational loans in the following format on 5th of every succeeding quarter and also submit the final data before 20th of every succeeding quarter to enable SLBC to send the progress report to Ministry of Finance.
Name of the State : Tamil Nadu Progress report for the Month of ______
Name of the Bank Educational loan O/S No. of Amount Outstanding Accounts (Rs in crore)
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STATE LEVEL BANKERS' COMMITTEE, TAMIL NADU CONVENOR : INDIAN OVERSEAS BANK
PROGRESS REPORT ON EDUCATIONAL LOAN AS ON 31.03.2014 (Rs in Crore) Target for Position as on % of 2013-14 31.03.2014 Achievement Sl. No. of Amount No. of Amount No. of Amt. No Bank A/Cs O/S A/Cs O/S A/Cs O/S Public Sector Banks 1 Allahabad Bank 3824 74.06 3493 68.77 91.3 92.9 2 Andhra Bank 7337 125.62 6243 116.17 85.1 92.5 3 Bank of Baroda 22013 343.2 19174 311.32 87.1 90.7 4 Bank of India 37340 577.2 31054 539.56 83.2 93.5 5 Bank of Maharashtra 1537 29.02 1760 37.46 114.5 129.1 6 Canara Bank 130898 2077.15 134225 2066.82 102.5 99.5 7 Central Bank of India 48152 653.52 34091 614.25 70.8 94.0 8 Corporation Bank 20018 348 18314 330.81 91.5 95.1 9 Dena Bank 2359 40.79 2050 35.91 86.9 88.0 10 Indian Bank 212471 3542.35 157164 2830.14 74.0 79.9 11 Indian Overseas Bank 192063 2542.27 174943 2560.44 91.1 100.7 12 Oriental Bank of Commerce 4602 85.78 4169 85.39 90.6 99.5 13 Punjab National Bank 18128 293.76 16078 278.41 88.7 94.8 14 Punjab & Sind Bank 236 4.38 195 3.29 82.6 75.1 15 State Bank of B & J 2336 28.79 937 23.68 40.1 82.3 16 State Bank of Hyderabad 1973 46.7 1224 33.25 62.0 71.2 17 State Bank of India 210841 3295.69 165904 3005 78.7 91.2 18 State Bank of Mysore 5052 118.62 4051 96.1 80.2 81.0 19 State Bank of Patiala 533 12.6 626 14.11 117.4 112.0 20 State Bank of Travancore 17064 354.41 14230 258.75 83.4 73.0 21 Syndicate Bank 32657 538.82 29712 514.18 91.0 95.4 22 UCO Bank 17882 320.7 15886 288.29 88.8 89.9 23 Union Bank of India 34769 533.98 31659 504.17 91.1 94.4 24 United Bank of India 1277 29.21 1434 36.71 112.3 125.7 25 Vijaya Bank 6046 98.18 5825 95.12 96.3 96.9 26 IDBI 1480 30.95 2026 40.4 136.9 130.5 Total 1032890 16145.75 876467 14788.50 84.85 91.59
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STATE LEVEL BANKERS' COMMITTEE, TAMIL NADU CONVENOR : INDIAN OVERSEAS BANK
PROGRESS REPORT ON EDUCATIONAL LOAN AS ON 31.03.2014 (Rs in Crore) Target for Position as on % of 2013-14 31.03.2014 Achievement Sl. No. of Amount No. of Amount No. of Amt. No Bank A/Cs O/S A/Cs O/S A/Cs O/S B Private Sector Bank 1 Axis Bank Ltd. 556 7.97 7584 18.42 1364.03 231.12 2 Catholic Syrian Bank Ltd. 1342 22.6 1272 20.98 94.78 92.83 3 City Union Bank Ltd. 9335 137.96 8079 138.48 86.55 100.38 4 Dhanalakshmi Bank Ltd. 509 7.86 507 7.77 99.61 98.85 5 Federal Bank Ltd. 1546 22 1599 24.63 103.43 111.95 6 HDFC Bank Ltd. 1244 21.73 1094 13.39 87.94 61.62 7 ICICI Bank Ltd. 1621 9.73 1818 11.56 112.15 118.81 8 Indus Ind Bank Ltd. 58 0.65 70 0.92 120.69 141.54 9 ING Vysya Bank 432 5.75 434 5.37 100.46 93.39 10 Jammu & Kashmir Bank Ltd. 84 0.86 22 0.86 26.19 100.00 11 Karnataka Bank Ltd. 1127 26.72 1240 27.84 110.03 104.19 12 Karur Vysya Bank Ltd. 8702 121.46 8082 125.88 92.88 103.64 13 Kotak Mahindra Bank Ltd. 1 0.22 2 0.03 200.00 13.64 14 Lakshmi Vilas Bank Ltd. 7631 98.23 6369 87.11 83.46 88.68 15 South Indian Bank Ltd. 3116 35.39 6691 71.03 214.73 200.71 16 Tamilnad Mercantile Bank 11430 151.92 10173 140.86 89.00 92.72 Sub Total (B) 48733 671.05 55036 695.13 112.93 103.59
C Regional Rural Banks 1 Pandiyan Grama Bank 1692 20.48 1283 16.18 75.83 79.00 2 Pallavan Grama Bank 773 10.73 612 9.27 79.17 86.39 Sub Total ( C ) 2465 31.21 1895 25.45 76.88 81.54
D Cooperative Banks 1472 3.07 0 0 0.00 0.00 Sub Total (D) 1472 3.07 0 0 0.00 0.00
GRAND TOTAL(A+B+C+D) 1085560 16851.08 933398 15509.08 85.98 92.04
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AGENDA No: 26 138th SLBC
REVIEW OF PERFORMANCE OF EDUCATIONAL LOANS FROM APRIL 2013 TO MARCH 2014 (2013-2014)
A) The details of educational loans granted by member banks are furnished in the annexure.
As per the reports received, 113446 loans to the tune of Rs.1845.92 crores have been granted during April 2013 to March 2014 of which loans for Engineering/Medical courses account for 82883 amounting to Rs.1186.93 Cr, 2950 loans for study Abroad amounting to Rs.357.88 Cr and 27613 loans to Others, to the tune of Rs.301.11 Cr.
Out of 113446 Educational loans granted to the tune of Rs. 1845.92 crores, SC/ST, Minority Communities & Women accounts for 17879 loans amounting to Rs.274.82 Cr, 12206 loans amounting to Rs.177.57 Cr and 30615 loans to the tune of Rs.489.62 Cr respectively.
B) As per the details received from the Member Banks, the status of loan applications received / sanctioned / rejected / pending are as under. Bank-wise data is enclosed in annexure.
(Amount in Crores)
Loan Loan Loan Applications Education Loans Applications Applications Received Sanctioned Rejected Pending No. Amount No. Amount No. Amount No. Amount 115330 1899.59 113446 1845.92 1358 35.70 526 17.97
Member Banks are requested to expedite disposal of pending loan applications.
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AGENDA No: 27 138th SLBC
SWARNA JAYANTI SHAHARI ROZGAR YOJANA (SJSRY)
SJSRY Programme consists of two special schemes namely (i) Urban Self- Employment Programme (USEP) and (ii) Urban Women Self-Help Programme (UWSP).
The progress made under SJSRY for the programme year 2013-14 as on 30.04.2014 is furnished below: (Amount in Lacs) SJSRY- SJSRY- NO. PARTICULARS TOTAL USEP UWSP 1 No. of Applications sent to Banks 1474 2124 3598 2 No. of Applications sanctioned 1263 2112 3375 4 No. of Applications Pending 211 12 223 5 Subsidy allotted 1654.62 1654.62 3309.24 6 Subsidy sanctioned 1026.19 924.00 1950.19 7 Subsidy pending 628.43 730.62 1359.05 8 % of subsidy utilization 62% 56% 59%
Subsidy utilization level for the programme year 2013-14 as on 30.04.2014 is 62% & 52% under USEP and UWSP scheme respectively. Member banks are requested to dispose all the pending applications immediately.
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Agenda No: 28 138th SLBC
BANK FINANCE UNDER HOUSING SCHEME
As per the feed- back received from member banks, disbursement to the tune of Rs. 6780.08 crores has been made to the housing sector from April 2013 to March 2014.
The Bank wise disbursement details from April 2013 to March 2014 is furnished in the Annexure.
Break-up of the portfolio on the basis of loan size is as follows:-
(Amount in Lacs) Disbursement made from April’13 to March’14
Particulars No. Amount Limit Upto Rs.5 Lacs 34524 54054.78 Limit above Rs.5 lacs - upto Rs.10 22170 153808.19 Lacs Limit above Rs.10 Lacs - upto Rs.15 15808 164377.13 Lacs Limit above Rs.15 Lacs - upto 17141 305767.84 Rs.25 Lacs Total 89643 678007.94
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BANK FINANCE UNDER HOUSING SCHEME – DIRECT HOUSING FINANCE from APRIL 2013 TO MARCH 2014
(Amount in Lacs) Disbursement made from Sl. Name of the Bank April 2013 to March 2014 No. No. Amount 1 Allahabad Bank 288 2413.11 2 Andhra Bank 1398 13987.00 3 Bank of Baroda 1267 11821.15 4 Bank of India 2212 21293.39 5 Bank of Maharashtra * 45 349.00 6 Canara Bank 6707 73398.00 7 Central Bank of India 1422 11179.19 8 Corporation Bank * 4408 25601.95 9 Dena Bank 204 1644.00 10 Indian Bank 7712 60415.10 11 Indian Overseas Bank 5639 60128.00 12 Oriental Bank of Commerce 275 3386.00 13 Punjab National Bank 537 5598.23 14 Punjab & Sind Bank 68 1051.28 15 Syndicate Bank 1476 11522.00 16 UCO Bank 848 10029.00 17 Union Bank of India 2680 22408.33 18 United Bank of India 194 2403.86 19 Vijaya Bank 578 4877.45 20 IDBI Bank Ltd. 1922 13973.91 21 Axis Bank Ltd. 0 0.00 22 Catholic Syrian Bank 61 1284.14 23 City Union Bank Ltd. 1975 7486.52 24 Dhanalakshmi Bank Ltd. 87 989.95 25 Federal Bank Ltd 693 4947.28 26 HDFC Bank Ltd. 2652 38308.77 27 ICICI Bank Ltd. 2122 18405.00 28 Indus Ind Bank Ltd. 285 1953.94
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(Amount Rs in Lacs) Disbursement made from Sl. Name of the Bank April 2013 to March 2014 No. No. Amount 29 Ing Vysya Bank Ltd. 64 2760.37 30 Jammu & Kashmir Bank Ltd. 30 361.89 31 Karnataka Bank Ltd., 310 3148.75 32 Karur Vysya Bank Ltd. 1383 15087.64 33 Kotak Mahindra Ltd 253 908.69 34 Lakshmi Vilas Bank Ltd. * 229 1893.71 35 South Indian Bank Ltd. 8904 11777.03 36 Tamilnadu Mercantile Bank 2605 16583.64 37 Yes Bank 0 0.00 38 Pandyan Grama Bank 65 466.00 39 Pallavan Grama Bank 116 501.71 40 State Bank of Bikaner & Jaipur 188 1136.05 41 State Bank of Hyderabad 1847 17064.00 42 State Bank of India 24411 162142.33 43 State Bank of Mysore 290 3607.37 44 State Bank of Patiala 175 1801.20 45 State Bank of Travancore 620 6306.00 46 Ratnakar Bank 1 67.00 47 Bharathiya Mahila Bank Ltd 0 0.00 48 TN State Apex COOP Bank Ltd 397 1539.01 GRAND TOTAL 89643 678007.94
*Data not received for March 2014
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AGENDA No: 29 138th SLBC
GOLDEN JUBILEE RURAL HOUSING FINANCE SCHEME (GJRHFS)
As per the feedback received from the member banks, 1311 loans amounting to Rs.7009.30 lacs have been disbursed under Golden Jubilee Rural Housing Finance Scheme for the quarter ended March 2014 as shown below:
(Amount in Lacs) Scheduled Scheduled Others Total Particulars Castes Tribes No. Amt. No. Amt. No. Amt. No. Amt. Total Loans disbursed 185 841.51 130 777.69 996 5390.10 1311 7009.30 during the Quarter
Member Banks are requested to furnish the details of housing loans under Golden Jubilee Rural Housing Finance Scheme on quarterly basis to SLBC.
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AGENDA No: 30 138th SLBC
CREDIT FLOW TO WOMEN
Government of India and Reserve Bank of India have advised banks to strengthen the credit flow to women and ensure that their share in Bank Credit is increased to the desired level of 5% or more.
The details of performance of the Banks in Tamil Nadu under credit flow to women entrepreneurs as of March 2014 are furnished below:
(Amount in Crores) Disbursement made Outstanding position as during the year S.No PROGRAMME of March 2014 2013-14 Accounts Amount Accounts Amount 1 NRLM 237719 6035.56 400496 5244.90 2 PMEGP 720 35.80 6379 104.05 3 SJSRY 1187 13.81 14501 74.12 4 DRI 8606 15.86 29970 55.89 5 MSE 75379 1110.88 335815 5863.97 6 AGRICULTURE 977045 6046.36 2517465 18152.97 7 HOUSING 5834 643.64 66714 4883.50 8 EDUCATION 28456 311.57 210248 2958.99 6 OTHERS 360034 2485.28 1867241 18797.77 TOTAL 1694980 16698.76 5448829 56136.16
At the level of Rs. 56136.16 crores, advances to women constitute 9.27% of total Bank credit as against the national norm of 5%.
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AGENDA No: 31 138th SLBC
CREDIT FLOW TO MINORITY COMMUNITIES
As per the feedback received from the member banks, 304169 Loans amounting to Rs.2576.45 crores were disbursed to Minority Communities during the quarter ended March 2014 as shown below:-
(Amount in Rs. Crores) Disbursement during the quarter ended Sl. Name of the March 2014 No. Community All Banks Public Sector Banks Account Amount Account Amount 1 Muslim 145375 1203.67 50488 582.96 2 Christian 155895 1339.25 49824 650.40 3 Sikh 303 3.86 256 2.59 4 Zorastrian 218 1.68 174 1.27 5 Neo Buddist 273 3.47 152 1.76 6 Jains 2105 24.53 2104 24.14 Total 304169 2576.46 102998 1263.12
Total outstanding advances to Minority Communities by all banks stood at Rs.26781.85 crores as of March 2014. Details are furnished below.
(Amount in Crores) Sl. Name of the Outstanding Position as of No. Community March 2014 All Banks Public Sector Banks Account Amount Account Amount 1 Muslim 1223321 12960.42 772615 10218.63 2 Christian 1308135 13383.82 763440 9975.18 3 Sikh 2436 88.18 2044 79.94 4 Zorastrian 6914 84.94 6707 82.02 5 Neo Buddist 1881 24.55 1202 13.06 6 Jains 13142 239.93 13126 239.26 Total 2555829 26781.84 1559134 20608.09
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The bank wise outstanding position on specified minority communities as of March 2014 is enclosed as an annexure (Public Sector Banks).
Ministry of Finance, Govt. of India has advised that the share of credit flow to minority communities of Public Sector Banks (PSB) should be 15% of the Priority Sector Advances.
Public Sector Banks are requested to increase their Minority Sector Lending outstanding to achieve the target fixed by Ministry of Finance.
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OUTSTANDING ADVANCES TO SPECIFIED MINORITY COMMUNITIES BY PUBLIC SECTOR BANKS – AS Of MARCH 2014 (Amount in Crores) PRIORITY O/s. of % of SECTOR advances to Minority S.NO NAME OF THE BANK ADVANCES Minority Communities AS ON Communities to PSA 31.03.2014 31.03.2014 STATE BANK OF BIKANER & 1 JAIPUR 159.56 11.39 7.14 2 STATE BANK OF HYDERABAD 592.12 87.40 14.76 3 STATE BANK OF INDIA 32825.81 5495.98 16.74 4 STATE BANK OF MYSORE 771.90 9.11 1.18 5 STATE BANK OF PATIALA 570.19 15.61 2.74 6 STATE BANK OF TRAVANCORE 3155.11 255.02 8.08 7 ALLAHABAD BANK 1016.34 41.57 4.09 8 ANDHRA BANK 2006.01 162.72 8.11 9 BANK OF BARODA 5583.99 625.28 11.20 10 BANK OF INDIA 5407.20 402.12 7.44 11 BANK OF MAHARASHTRA 791.62 40.77 5.15 12 CANARA BANK 26724.11 1370.12 5.13 13 CENTRAL BANK OF INDIA 6458.57 1694.01 26.23 14 CORPORATION BANK 9328.37 498.71 5.35 15 DENA BANK 711.11 67.00 9.42 16 IDBI BANK LTD. 4000.51 173.91 4.35 17 INDIAN BANK 24229.06 2855.09 11.78 18 INDIAN OVERSEAS BANK 28302.91 4526.97 15.99 19 ORIENTAL BANK OF COMMERCE 1465.97 127.40 8.69 20 PUNJAB & SIND BANK 90.27 0.62 0.68 21 PUNJAB NATIONAL BANK 3501.72 205.79 5.88 22 SYNDICATE BANK 5742.07 645.09 11.23 23 UCO BANK 3057.26 399.95 13.08 24 UNION BANK OF INDIA 5908.11 642.18 10.87 25 UNITED BANK OF INDIA 644.69 0.67 0.10 26 VIJAYA BANK 2128.40 253.63 11.92 TOTAL PUBLIC SECTOR BANKS 175172.98 20608.09 11.76
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AGENDA No: 32 138th SLBC
KISAN CREDIT CARD SCHEME (KCC)
Reserve Bank of India has advised that investment credit requirements of farmers viz. allied and nonfarm activities may also be covered under the Scheme. All KCC Holders have to be covered under Personal Accident Insurance Scheme (PAIS).
Reserve Bank of India has issued guidelines on the revised Kisan Credit Card Scheme to all the Banks vide their letter dated 11.05.2012.
As per the progress report submitted by Member Banks, during the period from April 2013 to March 2014, Banks in Tamil Nadu have issued 1513488 Kisan Credit Cards to the tune of Rs.12967.54 crores. The total number of ATM enabled KCC cards issued is 107387. The details are furnished in the annexure.
Progress in issuance of ATM enabled revised Kisan Credit Card is slow. All member banks are requested to issue ATM enabled Kisan Credit Card and furnish the progress report on monthly basis to SLBC in the following format.
Name of the Bank : Month :
Of which Total No.of Amount of Cumulative No. Cumulative Number of ATM KCC issued Loan Disbursed ATM enabled Amount of loan enabled KCCs during the during the KCCs issued Disbursed issued during Month month (Rs in Lacs) the month (Rs in Lacs)
CROP INSURANCE
All member banks are requested to ensure 100% coverage of crop loans sanctioned to notified crops in notified areas under crop insurance scheme.
AIC is requested to provide data relating to coverage of crop loans under crop insurance to SLBC to review the progress.
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AGENDA No: 33 138th SLBC
SELF HELP GROUPS (SHGs) /NRLM:
As per the data provided by TNCDW, credit disbursement to SHGs by banks amount to Rs.6035.56 Crores for the year 2013-14 against the yearly (2013-14) target of Rs 6000.00 crores. The percentage of achievement is 101%.
The District wise / Bank-wise performance to Self Help Groups for the year 2013-14 is furnished in the Annexure.
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AGENDA No: 34 138th SLBC
PROGRESS REPORT ON ECONOMIC DEVELOPMENT SCHEMES IMPLEMENTED BY TAHDCO
The details of performance under various economic development schemes implemented by TAHDCO during the financial year 2013-14 as of March 2014 are furnished in the annexure.
So far banks have sanctioned 18670 loans against the yearly target of 19420 under the economic development scheme.
The Member Banks are requested to actively involve themselves in the implementation of these schemes and dispose all the pending applications immediately.
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AGENDA No: 35 138th SLBC
TAMIL NADU GOVERNMENT’S SCHEME FOR POULTRY DEVELOPMENT
Tamil Nadu Government’s Scheme for poultry development for the year 2013- 14, Banks have sanctioned 894 loan applications out of 1267 applications. The details of bank-wise/ district-wise performance under Scheme for Poultry Development implemented by Dept. of Animal Husbandry during the financial year 2013-14 are furnished in the annexure.
The member banks are requested to actively involve themselves in the implementation of the scheme and dispose all the pending applications immediately.
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AGENDA No: 36 138th SLBC
REVIEW OF NPA ACCOUNTS IN PRIORITY SECTOR LENDING – MARCH 2014
The position of NPA under categories of Priority Sector Advances as of March 2014 is furnished below.
NPA POSITION
(Amount in Crores) As of March 2014 S Particulars Amount % of NPA No. 1 NPA in Housing loans 598.23 2.05% 2 NPA in Education loans 1308.75 8.64%
3 NPA in Agriculture Loans 3073.92 2.86%
4 NPA in Loans to MSE 3734.53 4.35%
5 NPA in Micro Credit 241.59 5.46% NPA in over all Priority 6 9199.92 3.80% Sector Lending
It is observed that NPA position under educational loan as of March 2014 has slightly increased over December 2013. DCCs are also requested to review NPA position every quarter and arrange recovery drives with the help of District Administration for Government sponsored schemes.
The State Government is requested to consider invocation of Revenue Recovery Act to improve recovery, as done in the neighbouring State, Kerala.
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AGENDA No:37 138th SLBC
SUCCESS STORY
One of the recommendations of the High Level Committee on Lead Bank Scheme is “Success stories could be presented in DCC/SLBC meetings to serve as models that could be replicated.
The Success Stories received from Rural Self Employment Training Institute, Namakkal (Sponsor Bank – Indian Bank) & ICICI Bank are enclosed as annexure.
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1. Success Story of Mrs.N.Janaki, Namakkal trained by INDSETI, Namakkal (Indian Bank)
HOPE & PERSISTANCE MADE HER DREAM A REALITY.
Mrs.N.JANAKI Aged 25 yrs, studied M.B.A, Recently married and was looking for an entrepreneur opportunity. At that time she came to know through News paper, about INDIANBANK SELF-EMPLOYMENT TRAINING INSTITUTE, Namakkal, conducting “Mushroom Cultivation” training for unemployed youth and farmers. She made a decision to learn Mushroom Cultivation course.
Mrs.N.Janaki was one of the participants in the Mushroom Cultivation training program from 09-02-2014 to 14-02-2014. She participated with great enthusiasm and interest. She had learnt the mushroom cultivation process very easily. During the course, we had motivated the trainees with business games and field visit with the demand and requirement for Mushroom. We had insisted for the market survey by the trainees themselves. This made the participants to understand their vision & visualize the opportunities available in the market. The above aspects brought a good change in the trainees’ attitude and they were able to participate in the programme whole heartedly.
After completion of the Course, Mrs. N.Janaki was very much committed to start the Mushroom Cultivation. She invested Rs.70,000 from her own funds. Her husband supported her in procurement of raw materials and construction of shed. Mrs.N.Janaki prepared 100 beds of Mushroom. Mrs.N.Janaki is working whole heartedly in the cultivation of Mushroom. Mrs.N.Janaki is producing 4 to 5 kg of mushroom per day and selling it at Rs.120 per K.g. Now Mrs.N.Janaki generates approximately Rs.500 to 700 per day. She is focusing and planning on developing Mushroom cultivation in a big way. She proudly expressed this with gratefulness to INDSETI, Namakkal.
Mrs.N.Janaki in her unit
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2. Success story of Shri.M.Senthil Kumar, Namakkal trained by INDSETI, Namakkal (Indian Bank)
EFFICIENCY SEEKING PAYS THE ROYALTY
Mr.N.SENTHLKUMAR aged 32 yrs, studied 10th Std, married and having 2 children. He was doing salt business, the income generate from the business is insufficient to lead the family. He was looking for an opportunity to show his talent and improve his income level. At this time he came across the advertisement in the News paper, about INDIANBANK SELF-EMPLOYMENT TRAINING INSTITUTE, Namakkal conducting a short time training course for paper bags, envelope making, paper Cup/ paper plate manufacturing. He made a decision to learn paper cup/paper plate through INDSETI.
Mr.N.Senthilkumar was one of the Participants in the Paper bags, envelope making paper cup / Paper Plate Manufacturing training program from 20-08- 2013 To 31-08-2013. He participated with great enthusiasm and interest. He had learnt the production techniques very easily. During the course, we had motivated, detailed about the importance of Market survey the Demand and requirement for Paper cup/ Paper plate/Areca leaf plate and field visit has been provided to impart firsthand knowledge and hands on training. This made the participants to understand their vision & visualize the opportunities available in the market. The above aspects brought a good change in the trainees’ attitude and they were able to participate in the programme whole heartedly.
After completion of the Course, Mr.N.Senthilkumar was very much interested to start the paper plate manufacturing. He invested Rs.150,000 from his own funds. He purchased old computer papers @ the rate of Rs.35 per Kg and making paper plates. He sold the paper plate Rs.80 per K.g. He is able to produce 20 Kgs per day and approximately he generated Rs.700 per day net of his operating expenses. Mr.N.Senthilkumar is working proudly as an entrepreneur in the Paper plate manufacturing and enjoying his business. He proudly expressed this with gratefulness to INDSETI, Namakkal.
Sri S.VIDYA SAGAR, SPC INTERACTING WITH N.SENTHILKUMAR
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3. Success Story of Sri Amman Crafts SHG – Financed by ICICI Bank
Sri Amman Crafts SHG was incorporated on 26-4-2010 and has a vintage of 43months.The SHPI mentoring the above SHG is Social Economic and Environment Development Society (SEEDS) which was formed in the year 2000.
The Animator of Sri Amman Crafts SHG is Ms.P.Bhuvaneswari and the representative is Ms.A.Rajeshwari. Sri Amman Crafts SHG is located in the village Pagalahalli in Dharmapuri District. The Group has 12 members.
Activity: The core activity of the group is Mat Weaving and Handicrafts Making. They weave different types of Mats like Yoga Mat, Table Mat, Screen Mat which they manufacture and export to Finland on a monthly basis.
Background on economic development of the SHG: ICICI has given Sri Amman Crafts SHG a term loan of Rs.3 lakhs in August 2013. The 12 members of the group used to weave mats in a small scale basis. Post availing the loan from ICICI Bank the SHG has increased its production and has availed better infrastructure which gained the confidence of foreign buyers from Finland. Added to this before availing the term loan the members had to borrow money from money lenders for higher interest rates to purchase raw materials but currently they purchase with their own money and don't depend on money lenders.
Ms.Bhuvaneswari the animator has been able to build a tiled house from a hut house with the income from the activity. Another member Ms. Punitha has purchased a bull and a cow which serves as a second income for the member. Few other members have been able to facilitate better education standards to their children by putting them in private matriculation schools from Govt. run primary schools.
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Change of life style: The group members have taken a loan of Rs. 3Lakhs with ICICI Bank. Post taking this loan, the members invested in Mat Weaving and Handicraft business jointly which helped them in steady income generation, due to which the saving of each member has increased from Rs.200 to Rs.400 per month.
Savings as on Date: The group took the loan with ICICI bank during August 2013 when they had a savings of Rs.1.80 lakhs and currently the SHG has a savings of Rs. 2.21lakhs.
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