Dismal progress in PMEGP not acceptable, says DC

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I want 100 per cent target achievement in the year 2013-14, less achievement will not be acceptable,” said Deputy Commissioner Sunil Kumar in the banker’s meet held at Hotel Canary Inn to review progress and to fix fresh targets in Prime Minister Employment Generation Programme.

DC Sunil Kumar also said that it has come to his notice that the banks even demands securities for loans in which no security is needed. He warned the bank officials that this type of complain should not come to him again. He stressed upon achieving both the unit and amount targets during this fiscal year.

Chairman of Jharkhand State Khadi and Gramodyog Board Jaynandu said that from the year 2013-14 e-tracking is must. Every application under PMEGP will be processed through e-tracking so it would be easier to trace the present status of the application and the person who is deliberately delaying in the process. He said that applications should be disposed within 15 days.

Sewalal, Deputy Director of Khadi Gramodyog Board, Ranchi, said that last year in the State only 50% target was achieved. Out of `68 crores only `34 crores was used in PMEGP. This time Government of India has fixed new targets. For Hazaribagh, Chatra, Koderma and Ramgarh a target of giving loan of `810 lakhs to 354 units has been fixed. For Hazaribagh it is `368 lakhs for 160 units.

SK Mishra, Zonal Manager of lead bank of the district, Bank of India, said that if we will finance atleast 10% of the amount given as loan to the big industries, target of PMEGP can easily be achieved. He said that loans sanctioned without any hurdle have been found easier to recover.

The Regional Manager of State Bank of India, OP Singh said that we can expect better results taking PMEGP in focus. He advised the bankers to talk with the applicants which will be beneficial for both.

In this meet DDC Ravindra Prasad Singh, Regional Manager of Gramin Bank Pradeep Kumar Sinha, Director District Industry Center BMlD Karn, Development Officer of KVIC BK Rai and many bank officers were present.

Daily Pioneer
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