The Banks should work in mission mode to ensure that the benefit of banking services reaches to weaker sections of the society and people living in remote areas said the Chief Minister Trivendra Singh Rawat while addressing 65th meeting of State level bankers committee here on Tuesday.
He said that in rural areas, focus of banks should be on the financial inclusion and spreading financial literacy among masses.
Rawat said that the Government has taken up a target to double the income of farmers by the year 2022 and the role of banks to achieve this target is of paramount importance. He said that for doubling the income of farmers, the bank loans should be provided in easy manner for the ancillary agricultural activities like dairy, goat rearing, poultry, bee keeping and pisciculture. He suggested that banks should work in targeted and time bound manner and undertake studies on possibilities of how to benefit tenant farmers.
In the meeting, it was informed that for the quarter ending March 31 this year, the state debt deposit ratio was 57 per cent, which is 2 percent more than what it was on March 31last year. A loan of Rs 16581.90 crores were provided in the last financial year by the banks, which is 90 percent of the target.
Under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), as many as 1782842 and 483334 persons respectively have been registered.
In the target to double the farmers’ income by year 2022, for the ancillary subsidiary agriculture activities, loans to the tune of Rs 2399 crores have been disbursed.
Many financial literacy camps were organized in the last year by the banks in which the general public was made aware about the flagship schemes, digital transactions and others.
The meeting was attended by Finance Minister Prakash Pant, Chief Secretary Utpal Kumar Singh, Principal Secretary Manisha Panwar, Secretary Amit Negi, Regional Director of Reserve Bank of India (RBI) Subrata Das, National Bank for Agriculture and Rural Development (NABARD) Chief General Manager Avinash Chander and other officials of the government and representatives of various banks.