The performance of the banks of the district here is dismal in implementing the annual credit plan (ACP). What is more worrying is the performance of the last fiscal year which is worse than the previous year (2015-16).
While the utilisation of ACP in 2015-16 was 88 percent, in 2016-17, it was only mere 50 per cent. The facts came to light while a review meeting of the district level review committee (DlRC) of bankers was held on Saturday.
Baleswar MP RK Jena, district Collector Pramod Das, zonal manager UCO Bank Raj Narayan Singh, regional manager SBI D Tripathy , Nabard AGM BC Dhal and lDM(lead bank manager)Hari Krishna were among others who attended the meeting.
Besides, down sliding performance in disbursing loans under various heads by the banks, it was learnt that the performance of the district in Aadhaar seeding was extremely poor. It is in the bottom most slot among 30 districts of the State.
MP Jena expressed serious concern over the performance and achievement of the banks. Aadhaar while has become vital component in the present era , its (Adhar) linking is only 24 per cent against 88 percent people having Aadhaar due to lackadaisical attitude of the bankers. A lot of efforts required from the bankers end, Jena said.
During review it was learnt that the CD ratio, which was 58 per cent in year 2015-16, has gone done to 51 per cent in the last year (2016-17).
In the agriculture sector the achievement as per ACP is only 30 per cent in comparison to the previous year 38 per cent. Against the target of nearly Rs390 crore disbursement, the achievement is only about Rs115 crore in the term loan.
Similarly, in extending crop loan, the achievement is about 52 per cent. Against Rs1,559 crore target, the achievement is Rs804 crore in the last financial year.
In the fishery sector the utilisation against the ACP is about only 11 per cent. Against Rs204 crore disbursement target, only Rs23 crore extended to the sector.
District Collector Pramod Das asked the committee to convene a separate meeting to take up fishery sector issue.
In the education sector while the utilisation last year (2015-16) was 20 per cent, last year (2016-17) it is only 12 per cent. Five private banks have not given any educational loan, it was revealed.
In the review, it was learnt that the SBI having many branches and a lot of business while sanctioned only 23 number of education loans, Vijaya Bank having only two branches extended loans to 930 students.
In the housing sector too, the performance is very poor with the achievement of only 25 per cent of the target against the previous year’s (2015-16) 54 per cent.