DCC meeting finalised road map to improve priority sector lending in Burdwan

Meeting of District Level Coordination Committee (DCC) of Bankers headed by District Magistrate Burdwan held today at RTC Conference Hall and deliberated in detail to improve CD Ratio of the district in a time bound action plan.

 

Main decisions agreed are :-

• KCC, Artisan Credit Cards, Hand loom Credit Cards, Fisher men's Credit Cards - Govt departments like Agriculture, GM DIC, Asst Director of Fisheries and Hand loom Development Officers shall furnish list of eligible farmers/ artisans/ fishermen/ weavers to Bank Branches as per the field verification and Identity cards issued by the Govt departments by 31st January 2013. Banks shall do the verification and documentation of the applications and sanction credit cards by 28th February 2013 and disburse the credit by March 2013. Officers of these departments and banks shall endeavour to reach eligible persons and assist them in filling up the applications.
• SHGs grading, credit linkage and project linkage - Govt departments dealing with SHGs shall prepare list of SHGs branch wise not having credit linkages/ bank linkages and submit to banks for credit linkages by 15th January 2013. Similarly, list of SHGs pending for Grade I (six months old and above), Grade II (One year and old with grade I) and eligible for project linkages/ sanction of project for economic activity shall be furnished to the bank branches. Banks shall allow CC accounts with eligible limit, grading as applicable and sanction of projects of SHGs by 31st January onwards. All SHGs should be allowed grading against self appraisal reports if no feedback of banks is received in time.
• All projects for economic activity by SHGs, BSKP, PMEGP etc shall be sanctioned and subsidy claimed by banks in February 2013. Govt assures adequate interest subsidy, capital subsidy and credit subsidy to banks as front end by end of February 2013.
• Credit investment subsidy against farm mechanisation and minor irrigation shall be made available to banks as soon as claimed.
• Bank accounts to all households in the district shall be opened by the banks in their service area by 31st March 2013 to ensure zero balance accounts to all families for electronic benefits transfers in future. NPR database in CD is being provided to banks centrally by finance department of Govt. of West Bengal. BDOs shall provide necessary administrative support to organise camps for ZERO BALANCE accounts to be organised by Banks.
• To coordinate the time bound action plan implementation at block level, committee headed by BDOs shall hold Block Level Bankers Committee (BLBC) meetings from 9th to 16th January 2013 where field officers of all departments, bank managers and civil administration shall attend.
• Weekly monitoring meeting to be held by ADM Development with LDM and NBARAD to review the progress.

Lets hope CD ratio is improved by at least two points from present 31, which is one of the lowest in the state.

Similar exercise last year yielded good results.