Against the total target of Rs 61,636.32 crore given to banks in Annual Credit Plan (ACP) 2022-23 as on June 30, the achievement was Rs 21,766.50 crore, which is 35.31 per cent of the total target. The total credit flow from banks in this quarter has registered a growth of 25.90 per cent as compared to the June, 2021 quarter of the previous financial year, while total deposits have grown by 7.91 per cent. It came forward in the 80th quarterly review meeting of the State Level Bankers Committee (SLBC) held on Friday.
The meeting was presided over by General Manager, Reserve Bank of India (RBI), Sanjeev Sinha. General Manager Bank of India (BoI), Convener of the SLBC,Bikram Keshari Mishra welcomed the leading district managers of all the districts and representatives of various banks, high officials of RBI and NABARD and representatives of various departments of the State Government. He also congratulated all the stakeholders for the achievement of 35.31 per cent against the total target in the first quarter of ACP-2022-23 with the concerted efforts of all the stakeholders. After this, Deputy General Manager, SLBC, Subodh Kumar briefed the gathering about the major achievements and activities of the quarter of June, 2022. Point by point presentation was made by the SLBC on the achievements of various banks operating in the State and progress under various schemes of the Government of India after the confirmation of the earlier Performance Report (ATR). The figures which have come out after the Corona period till the June 2022 quarter, are quite satisfactory. There are signs of improvement in many sectors. The results of the banks show that the economy, which has been battling Corona for the last two years, is now back on track.
The debt-deposit ratio of the State registered a growth of 5.86 per cent as compared to the June quarter of the previous financial year. The debt deposit ratio of the State was 37.07 per cent in the first quarter of the last financial year, which increased to 42.90 per cent in the first quarter of this financial year. According to the report for the June 2022 quarter, the debt position in the State is showing signs of improvement. Under financial inclusion, a total of Rs 1.93 crore accounts of Pradhan Mantri Jan-Dhan Yojana have been opened by banks in the state till June 30, and under social security scheme, 41.16 lakh people have been PMJJBY and 107.00 lakh people from PMSBY till June 30 in the State. Under APY, a total of 96,891 people have been linked to this scheme by banks in the first quarter of the financial year 2022-23 against the total target of Rs 2,38,690 given by PFRDA to the state in the financial year 2022-23. The top officials of the State Government present in the meeting, Secretary, Department of Agriculture, Animal Husbandry and Cooperation, Abu Bakkar Siddiqui, Special Secretary, Finance Department, Deepti Jayaraj, Chief Executive Officer, JSLPS, Suraj Kumar, Director, Urban Administration. Government of Jharkhand, Aditya Kumar Anand, General Manager, Reserve Bank of India Sanjeev Sinha, and Chief General Manager, NABARD, Binod Kumar Bisht also shared their views with the gathering and appreciated the meaningful concerted efforts of all the banks in the state. The meeting was concluded with vote of thanks by General Manager, Union Bank of India, Gyan Ranjan Sarangi.
The meeting was jointly conducted by Bibhav Kumar and Prachi Mishra from SLBC.