Chief Secretary reviews credit flow and progress of banks under Aatma Nirbar Bharat Abhiyaan

Directs Banks to improve lending to Housing and Priority Sectors.

Directs Banks to improve lending to Housing and Priority Sectors.

Jammu, Jan 21 (KNS): Chief Secretary B V R Subrahmanyam (IAS) today commended the
banks for their performance under AtmaNirbhar Bharat Abhiyan, Back to Village
Programme and various other initiatives taken by the Central and UT Government. He
appreciated the services rendered by the banks to the people during the challenging
times and stated that the banks have to be the partners with Government in the
process of economic development of J&K.


As per the statement issued to KNS, Chief Secretary made these remarks while chairing the 2nd Meeting of J&K Union
Territory Level Bankers’ Committee (UTLBC) meeting held today.
The meeting was attended by Financial Commissioner (Finance) Dr. Arun Kumar Mehta
(IAS), Principal Secretary, Housing & Urban Development Dheeraj Gupta (IAS),
Principal Secretary Animal Husbandry / Agriculture Production, Navin Kumar
Chowdhary (IAS), Director, DFS, MoF (GoI) A K Dogra, Regional Director, Reserve Bank
of India (RBI), Kamal P. Patnaik, CGM NABARD, R K Srivastava, Divisional
Commissioner Jammu, Sanjeev Verma, Deputy Commissioners of Jammu, Kathua and
Samba districts. Other senior functionaries of the Government, RBI, NABARD, line
departments, Banks, LDMs, Insurance companies, BSNL were also present in the
meeting.
On the occasion, Chairman & MD, J&K Bank (Convenor, UTLBC J&K) R K Chhibber
apprised that the Banks in UT of J&K have disbursed an amount of Rs 22,472.17 Cr to
8,94,866 beneficiaries upto 31st December, 2020, thereby achieving 50.35 pc in
financial terms and 58.18 pc in physical terms of the target fixed under Annual Credit
Plan 2020-21. Under the major four Government Sponsored Schemes (GSS), viz. NRLM,
PMEGP, NULM and SC/ST/OBC Schemes, it was informed that an amount of Rs.376.71
Cr has been disbursed by banks in favour of 13,536 beneficiaries.
Regarding 100% saturation of farmers under KCC Scheme, it was observed that banks
in UT of J&K have issued 9.78 lac KCCs to farmers in J&K, which include 8.86 lac
issued to Agricultural farmers and 0.92 lac KCCs to the farmers associated with Animal
Husbandry and Fisheries activities with a total financial outlay of Rs 5900 Cr. Chief
Secretary advised banks to ensure 100% saturation of farmers under KCC Scheme
including those associated with allied agricultural activities, viz. Dairy, Sheep,
Poultry, Fisheries, etc. He stressed upon the banks to ensure that all pending KCC
applications (both under Agriculture as well as Animal Husbandry/Fisheries) are
disposed off by the end of Current Financial Year.
Regarding performance under various sectors, the Chief Secretary J&K advised the
banks to lay special focus on Agriculture, MSMEs and Housing Sectors and ensure
achievement of allocated target under Annual Credit Plan 2020-21. The Schemes like
Pradhan Mantri Awas Yojana (PMAY), Stand-up India, where loans upto Rs 1.00 Crore
are provided to women & SC/ST entrepreneurs, need to be pushed on a mission mode
the Chief Secretary added. He further emphasized the need for wider publicity of
PMAY so that people of J&K UT can avail the benefit of interest subsidy.
Chief Secretary instructed banks to cover all eligible cases under PM SVANidhi Yojana
(Street Vendors Scheme) - one of the flagship programs of GoI under Atma Nirbhar
Bharat Abhiyan, including 6000 more cases expected to be sponsored by the
concerned sponsoring agencies, by the end of CFY (2020-21). He also stressed upon
the need to substantially increase issuance of indigenous RuPay Debit Cards to fulfill
the Government of India vision to take every Indian towards a “less cash” society.
During the meeting, the Chief Secretary lauded the role played by J&K Bank during
the UT Government’s Back to Village Program besides appreciating the efforts of SBI
in having improved its performance under lending to Priority Sector. However, it was
noted that performance of major new generation Private Sector Banks viz. HDFC Bank
and ICICI Bank in lending to Priority Sector and Government Sponsored Schemes has
not remained satisfactory. They were advised to scale up their performance in J&K
henceforth.
Speaking on the occasion, Financial Commissioner Finance Dr. Arun Kumar Mehta
stated that MSMEs Sector being the major driver of growth, banks need to put in
strenuous efforts to achieve 100% targets allocated for the Sector under ACP 2020-21.
Appreciating the role of banks during the Back-to-Village Programme, he stated that
banks have so far sanctioned more than 16000 cases and envisaged an aggregate
sanction of 20,000 cases under the programme by the end of Current Financial Year (KNS).

To Top