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The State Government would make a contribution of Rs. 1000 per annum for the next three years in the accounts of workers contributing at least Rs. 1000 per annum towards Atal Pension Yojna (APY). The State Government has made a budgetary provision of Rs. 10 crore under the scheme which will benefit one lakh workers/subscribers.

Principal Secretary, Finance Dr. Shrikant Baldi disclosed this while presiding over the 136th meeting of State Level Bankers Committee to review the performance of banking sector in the State for the financial year 2014-15 here today.

He urged the banks to encourage the people especially workers of unorganized sectors including Anganwadi, MNREGA and shop workers, besides agricultural and horticultural labourers etc. for adopting APY.

He called upon the bankers to launch aggressive literacy and awareness campaign so that maximum people could take  advantage of social security schemes including Pradhan Mantri Surksha Bima Yojana(PMJSY), Pradhan Mantri Jivan Jyoti Bima Yojna ( PMJJBY) and Atal Pension Yojana. He expressed happiness on the efforts of the banks in opening the bank accounts of various sections of the society under Pradhan Mantri Jan Dhan Yojana(PMJDY) and linking them with the recently launched social security schemes. He said that banks had opened around 8.63 lakh new saving bank accounts under PMJDY in the State and more than 10.25 lakh people had been covered so far under PMJSY and PMJJBY.

Dr. Baldi  urged the banks to take up the credit expansion extensively in the districts with special focus on Area Specific Lending schemes and improving the overall CDR of the State. He added that bankers’ request for restoration of noting of Equitable Mortgage on the Land Records of borrower had been considered favorably by the Government.

The issue on delayed transfer of Direct Benefit Transfer (DBT) funds was also raised in the meeting and Principal Secretary Finance asked the SLBC to review the situation quarterly. He also directed the concerned banks to transfer the DBT Funds in time bound manner so that beneficiaries could avail its benefit without delay.

Principal Secretary Rural Development, Smt. Manisha Nanda raised the issue of Direct Benefit Transfer funds of MNREGA workers and other beneficiaries. She said that timely transfer of funds should be ensured by the concerned banks.

General Manager and Convener, UCO Bank Shri V.K. Shrivastava in his key note address informed that banks had planned to provide fresh credit to the priority sector/sub sectors and other sectors with total financial outlay of

Rs.15311.72 crores under the Annual Credit Plan (ACP) 2015-16 for the State. Banks have projected the annual growth rate of 21% with total financial outlay of Rs.13222.79 crore in the priority sector lending and overall growth rate of 18% with total financial outlay of Rs. 15311.72 crore under the Annual Credit Plan for 2015-16.

Regional Director, Reserve Bank of India, Shri I.S. Negi underlined for ensuring banking services in every part of the State.

Chief General Manager, NABARD Shri P. Radhakrishanan impressed the banks on lending to Self Help Groups (SHGs), Joint Liability Groups (JLGs) by adopting the Group mode of financing so that maximum people could be covered under the Micro Finance Schemes. .

Shri A.K. Sihna, Deputy General Manager, UCO Bank presented the vote of thanks.

The senior officials of the State Government, Banks, Insurance Companies, UIDAI were present in the meeting.


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