Following the directives of Deputy Commissioner Ananya Mittal, a meeting of the District Advisory Committee (DCC) and the District Level Review Committee (DLRC) of banks was held at the Collectorate Auditorium. The meeting, chaired by the Deputy Development Commissioner, focused on financial performance and the implementation of government schemes.
During the meeting, the Lead District Manager (LDM) presented the financial accounts for the fourth quarter of the fiscal year 2023-2024. It was reported that the annual deposit loan ratio of the banks reached 49.64%, slightly up from 49.05% the previous year. Notably, out of a total of 8,40,021 Pradhan Mantri Jan Dhan Yojana accounts, 53,555 were opened with zero balance, and the Aadhaar seeding percentage stood at 88.49%.
The Deputy Development Commissioner emphasized the importance of adhering to government-centric schemes. Banks were instructed to ensure the prompt disbursement of loans for approved applications, particularly in five key areas: improvement in agricultural loans within the priority sector, increase in deposit credit, and successful implementation of the Mudra Yojana, PMEGP, and PMFME schemes. He also highlighted the need for successful operation of the ongoing CITIZENS CHOICE APY program, running from June 5 to July 31, 2024.
Bank officials were urged to expedite the processing of pending and approved loan applications, especially those related to government schemes. The Commissioner called for banks to be sensitive and ensure that eligible beneficiaries receive the benefits of these schemes. It was noted that some banks showed low performance in the priority sector, prompting a call for improvement. Additionally, with cooperation from the urban body, instructions were given to expedite loan distribution to sidewalk vendors through camp mode initiatives.
Emphasizing the support for self-employed individuals in rural areas, banks were encouraged to provide financial assistance. Regarding loans for government schemes, banks were asked to offer clear information to applicants and ensure that any application rejections are justified. Furthermore, instructions were given to organize Financial Literacy Club camps for school children in rural areas and at Panchayat Bhawans.
The meeting was attended by DM GIC, District Animal Husbandry Officer Dr. Surendra Kumar, District Fisheries Officer Alka Panna, RBI Ranchi representative Roshan Kumar Ghiriya, DDM NABARD, LDM, and all invited members and coordinators of various banks.
