Himachal Government would make a contribution of Rs1,000 per annum for the next three years in the accounts of workers contributing at least Rs1,000 per annum towards Atal Pension Yojana (APY).
The State Government has made a budgetary provision of Rs10 crore under the scheme which will benefit one lakh workers/subscribers, said State Principal Secretary, Finance, Shrikant Baldi 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 on Monday.
He urged the banks to encourage the people especially workers of unorganised 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.
The Principal Secretary also 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.
Baldi also 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 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.