Chandigarh/ November 18, 2019: 150th meeting of State Level Bankers’ Committee Haryana was held today at Hotel Shivalik View, Sector 17, Chandigarh. Shri TVSN Prasad, IAS, Additional Chief Secretary to Govt. of Haryana, Finance & Planning Deptt was the Chief Guest of the Meeting. Shri L V Prabhakar, Executive Director, Punjab National Bank presided over the meeting.
Shri Sunil Gulati, IAS, ACS, Animal Husbandry and Dairying Deptt., Haryana, Shri Dhanpat Singh, IAS, ACS, Housing Department, Haryana; Shri Anand Mohan Sharan, IAS, Principal Secretary, Urban Local Bodies; Deptt., Haryana; Madam Bhawna Garg, IAS, Dy. Director-General, UIDAI; Ms. Amna Tasneem, IAS, Managing Director, HSFDC, Shri J K Pandey, Regional Director, Reserve Bank of India, Chandigarh; Shri Rajesh Siwach, CGM, NABARD, Regional Office, Haryana; Shri D K Jain, Zonal Manager, Punjab National Bank, Haryana Zone & Convener, State Level Bankers’ Committee, Haryana and Senior Officers of the State Govt. and Controlling Heads of the Banks operating in the State of Haryana were among those who attended the meeting.
Shri L V Prabhakar, Executive Director, Punjab National Bank in his keynote address informed that since the launch of Pradhan Mantri Jan-Dhan Yojana (PMJDY) on 28th August, 2014, banks have opened 70,84,903 accounts up to 30th Sept., 2019 and garnered an amount of Rs 2,583 crore as a deposit under this scheme. Out of the total, 33,33,622 accounts of women have been opened which is 47% of the total accounts opened and Rupay Cards have been issued in 90% of the total accounts opened.
While informing the house about the progress made by banks in 3 Social Security Schemes namely Pradhan Mantri Suraksha Bima Yojana (PMSBY) for accidental death insurance, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) for life insurance cover and Atal Pension Yojana (APY) for old age pension, Shri Prabhakar informed that under PMSBY the banks have enrolled 32,79,692 persons, under PMJJBY enrolled 9,91,009 persons and in Atal Pension Yojana (APY) enrolled 3,35,342 persons up to 30th Sept., 2019. He called upon the bankers and the officials from respective insurance companies to accelerate their efforts to extend the benefits of the scheme to a large number of masses in the State.
While speaking on Pradhan Mantri MUDRA Yojana, Shri Prabhakar said that Pradhan Mantri MUDRA Yojana was launched to “fund the unfunded” by bringing such enterprises to the formal financial system and to extend affordable credit to them. He informed that under MUDRA loans as on 30th September 2019 the banks in Haryana have given a loan of Rs 2279 crores to 235833 persons in the first six months of the current financial year.
Shri Prabhakar informed the house that in the interim Budget 2019-20, the Union Govt announced its decision to extend the facility of Kisan Credit Card (KCC) to Animal Husbandry & Fisheries to help them meeting working capital requirements. In pursuance of the said Budget announcement, Reserve Bank of India in its Notification dated February 03, 2019, has framed guidelines for extending the KCC facility for working capital requirements for activities related to animal husbandry & fisheries. In accordance with the guidelines of RBI, the Scale of Finance has since been approved by the State Level Technical Committee and the same has also been circulated to all banks.
This step for issuing a new and separate KCC for Animal Husbandry & Fisheries will be game-changer especially for boosting milk production in the State of Haryana where-in per capita milk availability is second highest in the country and love for milk is inherent custom and tradition of the people of Haryana. This will prove to be a realistic measure to double the income of farmers by 2022 as envisaged by our Hon’ble Prime Minister.
The Chairman informed that 21 RSETIs (Rural Self Employment Training Institutes)/RUDSETIs are functioning in the state. As of Sept, 2019, 1,23,316 trainees including 43,882 SC/ST persons participated in 4,654 training programs of Skill Development at these RSETIs. 21,326 trainees were financed by the banks to start their enterprises.
While reviewing the performance of the banks for the review period from Sept 2018 to Sept 2019 under various key parameters, Shri Prabhakar informed that the Banking System in the State achieved all the National Goals during the period under review. He informed that the Commercial Banks and RRBs opened 147 New Branches during the review period thus raising the total number of branches to 4915. The Total Deposits of Commercial Banks/RRBs increased to Rs. 4,06,174 Crore as of Sept 2019 from Rs.3,62,537 crore as of Sept, 2018 thus showing an increase of Rs.43,637 Crore or 12%.
The Total Advances during the review period increased to Rs. 2,66,936 Crore registering a growth of Rs.15,921 Crore. Priority Sector Advances gone up from Rs.1,34,920 crore to Rs. 1,41,443 Crore recording an increase of Rs.6,523 or 5% during the review period. Priority Sector Advances to total advances in the State as of Sept 2019 stand at 56% as against the National Goal of 40%. Agriculture Advances increased from Rs.50,399 Crore to Rs.51,368 Crore exhibiting a growth of Rs. 969 Crore or 2% during the review period. The ratio of Agriculture Advances to total advances was 20% as against the National Goal of 18%. Overall CD Ratio as of Sept 2019 for State as a whole was 66% against the National Goal of 60%.
While informing about the “Stand Up India” Programme launched by Hon’ble Prime Minister of India on 5th April 2016, Shri Prabhakar informed that since the inception of the scheme Banks in Haryana has given loans under Stand Up India to 324 beneficiaries amounting to Rs 7272 lakhs.
The overall achievement of banks under Annual Credit Plan 2019-20 up to Sept, 2019 was 91%. The achievement under Agriculture, MSME, and Other Priority Sector was 78%, 136%, and 69% respectively.
He laid focus on educating the borrowers about the timely repayment of bank dues. He also requested the State Govt. to help the banks in the early settlement of pending 26,758 Recovery Certificates filed under HACOMP Act involving an amount of Rs. 853 Crore pending as of Sept 2019. He requested the State Govt. to take necessary steps to improve the recovery as the recovery of advances is the urgent requirement of banks for recycling of funds and for viable banking operations.