MINUTES
OF
133RD MEETING OF
STATE LEVEL BANKERS’ COMMITTEE, PUNJAB
Held on 13.08.2015
AT
HOTEL MOUNT VIEW,
CHANDIGARH
CONVENER:
PUNJAB NATIONAL BANK
STATE LEVEL BANKERS’ COMMITTEE
PUNJAB, CHANDIGARH
Minutes 133rd SLBC Meeting of Punjab
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133RD MEETING OF SLBC PUNJAB
The 133rd Meeting of the State Level Bankers’ Committee, Punjab was held
on 13.08.2015 at Hotel Mount View, Sector-17, Chandigarh to review the
performance of banking system in the State of Punjab for the period ended
June 2015. Shri Parminder Singh Dhindsa, Hon’ble Minister for
Finance, Punjab was the Chief Guest. Shri K V Brahmaji Rao,
Executive Director of Punjab National Bank presided over the meeting.
The list of participants is as per Annexure.
Shri Harpal Singh, Field General Manager, PNB & Convener, SLBC
extended a warm & hearty welcome to Shri Parminder Singh
Dhindsa, Hon’ble Minister for Finance, Punjab, Shri K V Brahmaji
Rao, Executive Director, Punjab National Bank and Chairman of
the meeting, Shri Jaspal Singh, IAS, Secretary (Expenditure)
Government of Punjab, Shri Parveen Kumar Thind, IAS, Director,
I&FB,Government of Punjab. Shri Sudhir Shyam, Director Banking
operations, Department of Financial Services, MoF, GoI,Madam
Rashmi Fauzdar, Regional Director, RBI, Chandigarh and Dr P M
Ghole, CGM, NABARD Regional Office, Punjab.
Shri Harpal Singh, Field General Manager, PNB & Convener, SLBC also
extended a warm & hearty welcome to Senior Officers from State
Government, Banks, Financial Institutions, various Corporations members
from press & media and representatives from LIC , GIC, Oil marketing
companies, Department of Telecommunication .
Shri Harpal Singh in his welcome address, thanked Shri Parminder Singh
Dhindsa Hon’ble Finance Minister Punjab for his benign presence in
the meeting. Shri Singh informed the august house that Shri Dhindsa is
the youngest finance minister of Punjab. He is a great visionary and has
always been contributing to keep the state on the fore front at National
level under various sectors.
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Shri Singh further apprised the house that Punjab State has not only taken
a lead in implementing all the schemes of Govt. of India i.e. PMJDY,
PMSBY, PMJJY & APY but also implemented dream project of Electronic
Benefit Transfer for Government Schemes of Hon’ble Chief Minister
Punjab. With the active support and guidance of the State Government,
Banks have been able to make payment to 92% beneficiaries under social
security schemes under EBT.
Briefing the house about the seeding of Aadhaar number, Shri Singh
informed that Punjab State is at number one position in seeding of Aadhaar
in MNREGA and 2nd in PMJDY amongst all the States in India.
Shri Singh conveyed on behalf of himself and all member banks his sincere
thanks to the State Govt. for their active support and guidance for
implementation of the EBT programme in the State and Madam Keshni
Anand Arora, IAS, Deputy Director General, UIDAI, and his team for
support and guidance by which Punjab State has been able to be at
number one position in Aadhaar seeding. Shri Singh requested all the
member banks to keep this momentum and ensure not only to maintain
these mile stones but to surpass it.
Shri Singh further appraised the house that during the meeting, the
performance of banks in the State of Punjab under key parameters for the
period ended June 2015 would be reviewed besides other important issues
listed in the agenda. He further mentioned that timely submission of
correct SLBC data by stakeholders is a pre-requisite for adhering to the
schedule of meetings. He requested that SLBC data duly
checked/compared with previous data be made available to SLBC
Secretariat by 15th of the close of each quarter.
Shri Singh thanked the bankers and LDMs and urged upon them to
continue with the same spirit in future as well.
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Madam Rashmi Fauzdar, Regional Director, RBI in her address
congratulated all the member banks for achieving National Goals under all
the parameters. She appreciated the performance of banks in Aadhaar
seeding as well as issuing of Rupay cards. In respect of performance of
banks in coverage of villages having population below 2000, she mentioned
that there are still 475 villages which are to be covered by March 2015 are
still uncovered. She advised the banks to cover these villages immediately.
Touching upon the importance of MSME in the economy, she informed that
this component generates 48% of exports. She further briefed the house
that RBI is conducting capacity building programme on MSME in order to
boost this sector. Madam Fauzdar further mentioned that on the study of
revival of sick units by RBI, it has been observed that Branch Manager of
many banks are not aware of the guidelines for declaring any unit as sick
and how to revive it. She desired that staff should be properly sensitized
about all the guidelines relating to sick units. She further mentioned that
RSETIs are not functioning in 5 districts which is depriving the youths in
these districts the facility of training. She requested the State
Administration for immediate allotment of land in 6 districts and make
arrangement for providing rent free accommodation so that RSETIs can be
made functional in these districts.
Shri K V Brahmaji Rao, Executive Director, Punjab National Bank
and Chairman of the meeting in his address apprised the house of
following initiatives taken by RBI On 4th August, 2015 in the third BiMonthly Monetary Policy Statement 2015-2016, RBI announced the
following;


keep the policy repo rate under the liquidity adjustment facility (LAF)
unchanged at 7.25 per cent;
keep the cash reserve ratio (CRR) of scheduled banks unchanged at
4.0 per cent of net demand and time liability (NDTL);
continue to provide liquidity under overnight repos at 0.25 per cent
of bank-wise NDTL at the LAF repo rate and liquidity under 14-day
Minutes 133rd SLBC Meeting of Punjab
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
term repos as well as longer term repos of up to 0.75 per cent of
NDTL of the banking system through auctions; and
Continue with daily variable rate repos and reverse repos to smooth
liquidity.
Consequently, the reverse repo rate under the LAF will remain unchanged
at 6.25 per cent, and the marginal standing facility (MSF) rate and the
Bank Rate at 8.25 per cent.
Shri Rao further apprised the house the background of the financial
Inclusion and congratulated the Banking Fraternity for creating history as “
Most bank accounts opened in one week as part of the Financial Inclusion
Campaign is 18,096,130 from 23rd to 29th August 2014. This achievement
has found its way in Guinness Book of World records. Shri Rao further
informed that PMJDY was successfully implemented in the State of Punjab
with the active support of State Govt. and Punjab became 3rd State in the
country to be declared as fully saturated.
Shri Rao on behalf of himself and all member banks conveyed his sincere
thanks to the State Govt. for their active support and guidance for
implementation of the Prime Minister Jan Dhan Yojana.
Touching upon the announcement of the two insurance schemes pertaining
to the insurance sector namely Pradhan Mantri Suraksha Bima
Yojana(PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY),
Shri Rao apprised that these schemes were launched for creating a
universal social security system for all Indians especially the poor and the
under-privileged. Shri Rao further informed that though a large number of
persons have enrolled yet a large pool of eligible bank account holders
remain untapped due to inadequate awareness and outreach. He urged
that systematic and sustained efforts be made to reach out to such persons
for bridging the gap between current enrollment and the vast untapped
potential. Shri Brahmaji Rao further informed the house that the back drop
of Raksha Bandhan, falling later on 29th August 2015 would be a good
occasion to focus our efforts in facilitating enrolment of a large number of
Minutes 133rd SLBC Meeting of Punjab
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eligible people under PMSBY, PMJJBY and APY in the month of August to
September 2015. He requested all the banks, Insurance Companies and
government officials to mobilize their staff in the state to achieve this
objective.
Shri Brahmaji Rao further briefed the house about the basic ingredients of
Atal Pension Yojna and MUDRA schemes of Govt. of India and requested
the member banks to ensure meticulous compliance of the instructions of
Ministry of Finance for successful implementation of these schemes.
Shri Rao, while presenting the report card of performance of banks,
expressed satisfaction over the achievements of banking system in the
State of Punjab and assured the State Government, Ministry of Finance,
Govt. of India, RBI and other stakeholders, of full cooperation on behalf of
Bankers towards strengthening and uplifting the socio-economic conditions
of the people of the State.
Shri Parminder Singh Dhindsa, Hon’ble Minister for Finance,
Punjab in his address mentioned that he was privileged to be present in
this meeting and thanked all the Bankers for their contribution in the
growth of the economy of the state. He informed that driver of growth of
any economy is Banking Sector and revival of economy depends on the
banking sector. Shri Dhindsa appreciated the role of SLBC and apprised
that uniformity in decision making is possible through this forum. He
expressed satisfaction on the performance of banking sector in the State,
however he desired that CD ratio of the State should be raised to 100%.
Shri Dhindsa showed his concern for increase in NPA level of the banking
sector. He stated that increase in NPA should not be a hindrance and
suggested that sanctioning fresh loan cases should be on merits. Touching
upon the important initiative taken, Shri Dhindsa apprised that state
government has formulated “Punjab Protection of Interest of Depositors
Act” .This act will protect the interests of the depositors resulting in
channelization of more funds in the banking sector.
Thereafter agenda for the meeting was taken for discussion and following
Action points emerged:-
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Item No.1
Confirmation of minutes of 132nd Meeting of State
Level Bankers' Committee (Punjab) held on
14.05.2015.
The House confirmed the e-mailed/circulated minutes of above said
meeting.
Item No. 2
Pradhan Mantri Jan Dhan Yojana- Progress in
opening of accounts, Issuance of Rupay Card
Appointment of Bank Mitras & Aadhaar Seeding.
The progress in opening of accounts under PMJDY and issue of Rupay card
was reviewed and found to be satisfactory. However while reviewing the
progress in appointment of Bank Mitras, the representative of Allahabad
Bank, UCo Bank & Andhara Bank assured the house the pending Bank
Mitras will be appointed within this month. Shri K V Brahmaji Rao,
Executive Director, Punjab National Bank and Chairman apprised
the house that the success of all the schemes will depend on appointment
of Bank Mitras and requested the representatives of the banks who have
not yet appointed the Bank Mitras to appoint the same immediately.
Action: Concerned Banks.
Item No. 2(i) Pradhan Mantri Jan-Dhan Yojna - Over Draft up
to Rs.5,000/- in PMJDY Accounts
The guidelines for providing overdraft in PMJDY accounts were apprised to
the house and member banks were advised to allow overdraft as per the
guidelines of Ministry of Finance.
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Action: MemberBanks.
Item No. 3
Launch of Pradhan Mantri Suraksha Bima
Yojana(PMSBY)and Pradhan Mantri Jeevan
Jyoti Bima Yojana (PMJJBY) & Atal Pension
Yojana (APY)
The house was apprised of the basic ingredients of the schemes and how
the awareness is being created across the state through town hall
meetings. Member banks were requested to give more publicity to the
scheme so that more people can get the benefit of these social security
schemes.
Action: Member Bank.
Item No. 4
Pradhan Mantri MUDRA Yojana (PMMY).
While deliberating on the issue the house was apprised that many banks
have not submitted the targets of MUDRA scheme. As a result house could
not review the performance under the scheme during the meeting. The
chairman of the meeting advised the defaulting banks to submit the the
same within a week to the convener Bank.
Action: Concerned Banks.
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Item No. 4(i) Campaign for social security schemes with a
focus on APY and PMMY.
The house was apprised of the town hall meetings being
conducted for the above two schemes. No action point emerged.
Item No. 5
Pradhan
(PMKVY)
Mantri
Kaushal
Vikas
Yojana
The house was apprised of the basic ingredients of the scheme and
member banks were advised to sensitize the field functionaries for
successful implementation of the scheme of Govt. of India.
Action: Member banks.
Item No. 6
Opening of accounts of Unorganized workers.
Lead District Managers/banks were requested to coordinate with the
Labour department for opening of accounts of unorganized workers. LDMs
were also requested to get in touch with the District Labour officer for
opening of accounts of unorganized workers.
Action: LDMs.
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Item No. 7
Opening of accounts of Sugar Mills- Payment to
farmers through bank accounts
The house was apprised of the instructions of Ministry of Finance for
opening of accounts of farmers so that the payment from Sugar Mills can
go directly in the accounts of the farmers. Member banks were requested
to open the account of those farmers who do not have account to facilitate
direct payment in the account of the farmers.
Action: Member banks.
.
Item No. 8
Telephone Connectivity- Issues faced by Banks/
Bank Mitras.
The house was apprised of the regular meetings being held with DOT and
TSPs of Punjab for resolving the issues of connectivity if any. Member
banks/LDMs were requested to send the connectivity problem if any to the
Convener Bank for resolving the same.
Action: Member Banks/LDMs.
Item No. 9 Issues of Unique Identification Authority of India
(UIDAI)
Minutes 133rd SLBC Meeting of Punjab
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The house was apprised of the recent decision of the Hon’ble supreme
court regarding Aadhaar seeding, however member banks were advised to
continue seeding of Aadhaar number of the people who are interested in
seeding of Aadhaar for successful implementation of all the schemes.
The bankwise/ districtwise pendency in PMJDY, DBT in scholarship scheme,
MGNEREGA as well as State Pension scheme was reviewed and member
banks were advised to clear the pendency in seeding of Aadhaar number
immediately.
Action: Member Banks.
Shri Jaspal Singh, IAS, Secretary Expenditure, Govt. of Punjab, desired that
banks should provide the details of those EBT beneficiaries where Aadhaar
seeding has been done but department has no bank detail. Shri Singh
further desired that whenever any file of beneficiaries is received from the
department bank should immediately seed it through bulk seeding. Shri
Harpal Singh, Field General Manager and Convener SLBC advised the
member banks that in EBT the seeding should be 100% and there should
not be any gap in seeding of Aadhaar number in EBT.
Action: Member Banks.
In respect of problem of authenticity of files being sent to the different
banks it has been decided that department will send the files to SLBC and
Convener Bank will send the files to the concerned bank for seeding the
same.
Action: Concerned Department/ Convener Bank.
Shri Harpal Singh, Field General Manager and Convener SLBC apprised the
house that PNB is paying Rs.5/- as additional amount to Bank Mitras for
seeding of Aaadhar number per account. He requested member banks to
consider giving extra incentive to Bank Mitras for increasing Aadhaar
seeding in accounts.
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Action: Member Banks.
Item No.
10
Status report of issues flagged in the 132nd meeting of
SLBC held on 14.05.2015 Issues raised & latest Status
Item No.
10(i)
Roadmap-Provision of banking Services in Villages
having Population below 2000
The position was reviewed and found to be satisfactory. During the
deliberation in the 2nd steering committee meeting to SLBC, banks which
have not covered the villages were advised by GM, RBI for coverage of the
same by 15.08.2015. Member banks are again advised to ensure coverage
of the remaining villages.
Action: Concerned banks.
Item No. 11 Progress Report of Financial Literacy Centres
(FLCs)
The progress was reviewed and found to be satisfactory. No action point
emerged.
Item No.11(i)
Minutes 133rd SLBC Meeting of Punjab
Opening of Financial Literacy Centres (FLCs) at
block level.
12
While reviewing the progress in opening of FLC at block level, the
following decisions taken in the Sub-Committee meeting on opening of
FLCs at block level held on 03.07.2015 were placed before the house for
approval of the same:
 At centres where Coop. Bank/RRB have opened the FLCs and which
have already been allocated by SLBC to different banks be allocated
to Coop Bank/RRB.
 Matter regarding providing of space at each block be taken up with
the concerned department of the State Govt.
 Minimum remuneration of Rs.10000/- + Rs.500/-per on location
workshop in addition to the workshop expenses be paid to the FLC
counselors as convenyance and other petty expenses with the
condition that minimum on location workshop should be four.
After detailed deliberations with all the major banks it was resolved that:
 Minimum remuneration of Rs.15000/- on all locations to the
counselor + Rs.200/-per on location workshop in addition to the
workshop expenses be paid to the FLC counselors as conveyance and
other petty expenses with the condition that minimum on location
workshop should be eight.
 Lead District Managers to review the progress of Financial Literacy
Centers in each DCC meeting as a regular Agenda item.
 All Banks ensure to open the FLCs at the centers allocated to them
by 30th Sept.2015.
Action: Member Banks.
Shri Jaspal Singh,IAS, (Secretary Expenditure), Govt. of Punjab, apprised
the house that Punjab Government has recently notified the pension
payment scheme by which life certificate of Punjab government pensioners
can be submitted digitally through website jeevanparman.gov.in. He
requested that the this scheme of the Punjab Government should be
popularized through Financial Literacy Centers and network of branches of
all the banks so that people can get benefit of this facility.
Action: Member Banks.
Minutes 133rd SLBC Meeting of Punjab
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Setting up of Rural Self Employment Training
Institutes (RSETIs)
Item No. 13
While reviewing the progress of RSETIs, the house was informed that land
has not been allotted in 6 districts. After detailed deliberations with the
concerned LDMs and department of rural development, Shri Jaspal Singh,
IAS, Secretary Expenditure, Govt. of Punjab expressed his displeasure over
issue which has lingered on and advised that Rural Development
department should identify the land and offer it to the bank for which a
committee should be formed in 6 districts with the BDPO, LDM and BDO of
the district as it members. He further advised that this process of allotment
of land should be finalized by this committee within one month as this is a
long pending issue.
Action: Rural Dev. Deptt.
Shri K V Brahmaji Rao, Executive Director of Punjab National Bank,
and chairman of the meeting expressed concern for low credit linkage of
RSETI trainees. It was resolved that director RSETIs and LDMs should
ensure that the credit linkage should be minimum 70% of the trainees.
Action: Director RSETIs/LSDMs
Item No. 14
Electronic Benefit Transfer (EBT) for
Government Schemes
While deliberating on the pending issues of UIADI, it was desired that in
EBT every bank should ensure that 100% seeding is done. Member banks
are again requested to ensure 100% seeding of EBT beneficiaries.
Action: Member Banks.
Minutes 133rd SLBC Meeting of Punjab
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Item No.15
Guidance on the orders received from Police
Authorities.
While deliberating on the issue, the GM RBI apprised the house that as per
law only Magistrate can issue such orders but in the present case the
orders are issued by Police Authorities and it has to be seen at the local
level whether Magistrate has delegated powers to issue such orders, if yes
than the same has to be complied otherwise matter should be taken up
legally.
Shri K V Brahmaji Rao, Executive Director of Punjab National Bank
and chairman of meeting desired that once the communication from RBI in
this respect is received the matter should be taken up by the Convener
Bank with the local authorities for resolving the issue amicably.
Action: RBI/ Convener Bank.
Item No. 16
Reimbursement of Excess pension paid to the
dependents of deceased pensioners - Pending
issue of Sub-Committee meeting.
While deliberating on the issue the representative of Dy. Director
Institutional Finance and Banking informed the house that the amount can
be reimbursed if it is not later than the year 2010. He requested the
convener bank to provide the complete details for resolving the issue.
Action: Convener Bank/Deptt. of IF&B.
Item No.17
Minutes 133rd SLBC Meeting of Punjab
Non issuance of NEC for 12 years.
15
While deliberating on the issue the representative of revenue department
informed the house that they have again taken up the matter with the DC
Gurdaspur and matter will be resolved shortly.
Action: Revenue Department.
Item No. 18
Measures to computerized Land Records by
State Government.
The house was apprised of the discussions in the 2nd Steering Committee
meeting where it was informed that the State Government is implementing
e-governance to take care of all the issues of computerization of land
record. CGM NABARD informed the house the state should adopt Bhoomi
project of Karnatka Government which is already under consideration of
the State Government. Shri K V Brahmaji Rao, Executive Director of
Punjab National Bank and chairman of meeting observed that concerned
department should expedite the matter in adopting Karnataka Bhomi
Project.
Action: Revenue Department/ Deptt. of IF&B.
Item No.19
Progress under Debt Swap Scheme.
It was observed that the performance under scheme was not satisfactory
and it was desired that banks should lend liberally under the scheme to
achieve the allocated targets. The performance of Pvt. Sector Banks and
Cooperative Banks needs improvement. Member banks were advised to
lend liberally under the scheme.
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Action: All Banks / Convener Bank/Pvt. Sector Banks.
Item No. 20 Review of Performance of Banks (excluding Coop.
Banks) in key areas relating to Deposits, Advances &
Priority Sector Advances.
The performance under key parameters was reviewed and found to be
satisfactory. No action point emerged.
Item No.20.(iv) Credit Deposit Ratio – Implementation of the
Recommendations of Expert Group on CD
Ratio
The revised roadmap for achieving the level of 60% submitted by Lead
District Managers of all these four districts as proposed in the Special SubCommittee meeting have placed before the house and the house approved
the same.
LDMs of these districts were advised to continue with their efforts to
increase their CD Ratios.
Action: LDM Jalandhar /Concerned LDMs.
Item No. 20 iv (i)
Overall CD Ratio
Lead District Managers/Banks were requested to take steps for further
improvement of overall CD ratio as also of branches in rural and semiurban areas.
Action: LDMs/Banks.
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Item
(ix)
No.
20 DRI Advances
The progress was found not up to the mark by the house and it was
desired that banks should lend liberally under DRI Scheme. Performance
of Private Sector banks was not satisfactory. Private Sector banks were
requested to apprise the reason for low progress. Member banks were
advised to lend liberally under the scheme. However it was resolved that
the item may not be reviewed form the next meeting as the same is not
being monitored by RBI.
Action: Member Banks/Convener SLBC.
Item No. 21
Review of National Goals
The Chairman of the meeting advised all the Member Banks to ensure not
only achieving the national goals but to surpass them convincingly.
Item No. 21
Review of National Goals
The Chairman of the meeting advised all the Member Banks to ensure not
only achieving the national goals but to surpass them convincingly. Shri
Rakesh Gupta, GM, PNB, HO, apprised the house that as per RBI revised
guidelines on priority sector, Small and Marginal farmers to be reviewed in
National Goals.
Action: Convener Bank.
Minutes 133rd SLBC Meeting of Punjab
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Item No
22,22(i)
Education Loan Scheme targets& Monthly
progress of education loans.
The performance under education loan scheme was reviewed and Shri K
V Brahmaji Rao,Executive Director Chairman of the meeting advised
banks to hold camps for achieving the targets allocated by Ministry of
Finance. He further advised member banks to lend liberally under the
scheme so that no student is deprived of the education for want of
finances.
Action: All Banks.
Item No.
22(ii) ,
(iii)&(iv)
-Education Loan achievements.
-Progress of Education loans to Women
Students.
-Collateral Free Education Loans & Position of
NPA.
The progress was reviewed and no action point emerged.
Item No. 23
Advances to Minority Communities.
The performance under the parameter was observed and found to be
satisfactory. No action point emerged.
Item No. 23(i) Advances to Women Beneficiaries
The position was reviewed and found to be satisfactory. No action point
emerged.
Minutes 133rd SLBC Meeting of Punjab
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Item
23(ii)
No.
Advances to SC Beneficiaries
The position was reviewed and found to be satisfactory. No action point
emerged.
REVIEW OF GOVT. SPONSORED SCHEMES & PROGRAMMES
Item No.24
Review of Govt. Sponsored Schemes &
Programmes
Item No.24(i)
National Rural Livelihood Mission (NRLM)Implementation in the State of Punjab
The performance under the scheme was reviewed and found to be
satisfactory. The representative of the department informed the house that
they are implementing the scheme in two more block of Bathinda and
Muktsar District . No action point emerged.
Item No.24(ii) Margin Money Target allocation for the year
2015-16 under PMEGP Scheme.
The house approved the targets allocated by the department. Convener
Bank has already district wise targets to LDMs with a request to allocate
the same to the banks in the respective district. LDMs are again requested
to allocate the same to banks and send the same to convener bank.
Action: LDMs
Item No.24(iii) Prime Minister Employment
Programme (PMEGP).
Minutes 133rd SLBC Meeting of Punjab
20
Generation
The performance under the parameter was reviewed and no action point
emerged.
Item No.24 (iv)
National
(NULM)
Urban
Livelihoods
Mission
The house was informed that the present SJSRY scheme will be replaced
by National Livelihood Mission (NULM) scheme. The representative of
SUDA informed that they have formed 206 self help groups and now the
bank accounts of the groups will be opened. He requested the member
banks to facilitate in opening accounts of self help groups. He further
requested the Urban local bodies department to arrange for FLCs camps in
urban area so that more groups under the scheme can be formed.
Action: Deptt. of IF&B/ Member Banks.
Sudhir Shyam, Director Banking operations, Department of
Financial Services, MoF, GoI, in his address mentioned, that the
progress under two Suraksha Schemes i.e. PMSBY,PMJJY is satisfactory,
however he expressed his concern for low performance in Atal pension
Yojana. He advised the member banks to sensitize the staff working in the
branches about the scheme for successful implementation of the same.
Touching upon the Progress in PMJDY and its implementation Shri Sudhir
Shyam express satisfaction, however he expressed his concern for zero
balance accounts. He advised the member banks to start mapping the zero
balance accounts area/region wise and the progress of these accounts be
monitored at senior level of banks so that the same can be made
operational accounts. Shri Shyam expressed satisfaction about the
performance in Aadhaar seeding however he advised banks not to loose
focus in view of the decision of Hon’ble Supreme Court and continue to
seed the Aadhaar number in accounts. He further advised banks to
publicize the conducting of Town hall meetings so that minimum 500
persons should attend the meeting. The representative of various
organizations be invited for the Town hall meetings and people are made
aware of the schemes through Audio/Video presentations.
Minutes 133rd SLBC Meeting of Punjab
21
The issue of lack of awareness about the Suraksha Bandhan Scheme
even at the Lead District Manager level was discussed and Shri Harpal
Singh, Field General Manager and Convener SLBC expressed concern
for lack of awareness about the scheme even at the LDM level. Shri K V
Brahmaji Rao,Executive Director Chairman of the meeting advised
LDMs to go through the scheme carefully and publicize the same for
successful implementation of the same.
Action: Member Banks/LDMs
Item No.25
Micro Financing – Self Help Groups
The representative of NABARD apprised the house that 10569 SHGs are
not credit linked. He requested that LDMs should allocate bank wise targets
for credit linkage of SHG groups.
Action: Lead District Managers.
Item No.25(i)
Joint Liability Groups- Financing of Joint
Farming Groups of ‘Bhoomi Heen Kissan’.
The progress under the scheme was reviewed and no action point
emerged.
Item No. 26
Item No.26(i)
Minutes 133rd SLBC Meeting of Punjab
Annual Credit Plan 2015-16
Revised targets for 2015-16 under ACP
22
No discussions took place as such no action point emerged.
Item No.
26(ii)
Annual Credit Plan 2015-16 Achievements up
to 30.06.2015
Shri K V Brahmaji Rao,Executive Director Chairman of the meeting
observed that the progress in Housing and education is not up to the
potential available in the State. He requested the member banks to
increase the share of advances in these sectors also in order to keep the
State on forefront in all sectors.
Action: Banks/LDMs.
Dr P M Ghole, CGM, NABARD Regional Office, Punjab apprise the
house the issues of NABARD through power point presentation and
following action points are required to be taken by the member
banks/LDMs: In total Agriculture the share of Term Loan is very less which need s
to be enhanced.
 Income of less than 5000 per household in the prosperous state like
Punjab is 57% and that is on account of inadequate capital
formation in Agriculture.
 Sensitizations of staff at branch level for increasing the level of Term
loan.
Further Shri Ghole, CGM, NABARD, desired that data for term loan is not
available and from the next meeting data of Term loan be provided. Shri
Ghole further informed that area specific schemes are being launched by
NABARD like in 5 Districts i.e. Amritsar, Jalandhar, Ludhiana, Hoshiarpur &
Roop Nagar the scheme of dairy financing is launched.
Action: Member Banks/LDMs.
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Item No.
26(iii)
NPA in Agriculture Sector
The performance under the parameter was reviewed and found to be
satisfactory. No action point emerged
Item No.27
Farmers’ Club Programme
The progress under the scheme was reviewed and no action point
emerged.
Action: Banks/LDMs.
Item No.28 National Horticulture Board & National
Horticulture Mission
The progress under the scheme was reviewed and no action point
emerged.
Item No. 29
Advances to Industrial Sector
Item No. 29 (i)
Credit to Micro, Small & Medium Enterprises
(MSME)
The progress under the scheme was reviewed and no action point
emerged.
Action: Banks/LDMs
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Item No. 29.i (a)
Financing of New Units
The progress was reviewed and no action point emerged.
Item No. 29.i (b) Collateral Free Loans to MSME
The performance of the banks was reviewed and the banks i.e SBOP, U-Co
Bank, where the collateral free advances is not 100% were advised to
analyze reasons for the same and all the member banks were advised to
provide the collateral free advances as per RBI guidelines.
Action: Member Banks.
Item No. 29.i (c)
Position of NPA in MSME advances
The position was reviewed and Chairman of the meeting desired that
recovery efforts to be put in place and steps should be taken by the
member banks to reduce the NPA level in collateral free advances made to
MSME
Action: Banks
Item No. 29.i (d) Review of Growth in MSE Accounts
The progress was reviewed and no action point emerged.
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Item No. 29.i (e) Position of Sick MSEs.
The progress was reviewed and the house observed that there are
109units where decision about viability is yet to be taken. House advised all
the concerned banks to take decision within the time frame as per the RBI
guidelines.
Action: Banks
Item No. 29.i (f) Credit Guarantee Fund Scheme for Micro &
Small Enterprises
Progress was placed before the house and the same was found
satisfactory, no action point emerged during discussions.
Item No. 30
Recovery of Banks' Dues- Pending Recovery
Certificates under State Recovery Act.
The Controlling Heads/LDMs were requested to use the mechanism of
BRICS for effecting recovery under the certificates filed under State
recovery Acts. The State Government was also requested to issue
instructions to Sponsoring Agencies/Revenue Department to help bankers
in recovering their dues.
Action: Member banks/LDMs/ Revenue Deptt.
Item No. 31 Delay in taking possession of assets by Chief
Metropolitan Magistrates/District Magistrates under
section 14 of SARFAESI Act, 2002.
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The house resolved that the full details of the cases where the bankers feel
any problem in taking the permission from DC for cases filed under
SARFAESI be sent to Convener Bank immediately for taking up the matter
with the Govt.
Action: Member Banks.
Item No. 32
Financing of Tenant Farmers/Oral Lessees and
Share Croppers.
Deliberating on the issue, it was informed that the issue is pending at
Financial Commissioner Revenue, Govt. of Punjab. The representative of
revenue department assured the house that they will look into the matter
for early implementation of the Act in the State.
Action: Revenue Department.
Item No 33.
Yearly Calendar of holding SLBC Meetings.
The house was informed that the next meeting is fixed for 17th November
2015. All the stake holders were requested for submission of the data in
time and ensure to compare the same with the previous quarter
department before submission of the same.
Action: Member Banks/LDMs.
Any other issue with the permission of the Chair.
The representative of CERSAI informed the house that there is lot of
improvement in providing timely information to the CERSAI after the
training programme of Banks at Ludhaiana. He conveyed his thanks to the
Convener Bank for conducting such trraining programme. He requested the
convener bank to review the performance of CERSAI in the SLBC meeting
as an regular Agenda item from the next meeting and the performa for
collecting information from banks will be sent to the Convener bank.
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Action: CERSAI/Convener Bank.
Item No. 34 to 47
All the above items were for information of the house and no discussion
took place.
Vote of Thanks
The meeting ended with a vote of thanks by Shri Pawan Gupta,Dy. General
Manger, State Bank of Patiala.
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