Mangaluru, June 27, 2018: Speaking at a district-level review committee meeting for banking development here on June 26,Tuesday; Zilla Panchayat Project Director Lokesh said that 97 Gram Panchayats have been selected for Mission Antyodaya scheme of the Central government which envisages to eradicate poverty by 2020.
He said the scheme aims at convergence of various government schemes, sharing of infrastructure and resources and multi-pronged strategies to address target households based on their specific needs. According to the scheme, the selected villages should have all basic facilities including, bank, school, anganwadis, health care and post offices.
According to a baseline survey conducted with the help of PDOs, the project director said that out of 97 Gram Ganchayats selected, 22 do not have banks and 39 Gram Panchayats do not have ATM facilities, he said.
He appealed to the bankers to provide the banking and ATM facilities to those places.
MP Nalin Kumar Kateel directed the bankers not to reject applications submitted by the applicants seeking Mudra loan at any cost.If the documents are proper, then the loan should be sanctioned as per the guidelines, he said.
The MP said that Mudra loans can be given for poultry and dairy farming as well.
Kateel said that closure/merger of Syndicate branches at Bengre and Yenekal has inconvenienced the people and directed the officials to have at least business correspondents in those areas where branches either been closed or merged with the nearest branches.
‘Popularise this : District Lead Bank Manager Francis said that all the banks should also give priority to popularise Pradhan Mantri Awas Yojana. The Reserve Bank of India has said that every village, with a population over 5,000 people, should have a bank branch. Accordingly, nine villages are yet to be covered. But a representative from Vijaya Bank said that three are yet to be covered under the project.
Reserve Bank of India (RBI) AGM P K Patnaik said that the RBI has banned all virtual currencies, including bit coins. The RBI has already directed all the banks not to provide services to businesses dealing in virtual currencies like bitcoin, he added.
Taking exception to the absence of a representative from SBI, he directed the official concerned to take up the issue seriously.
Syndicate Bank Regional Manager Thimmayya expressed concern over the low CD (credit-deposit) ratio in Dakshina Kannada district. The CD ratio in the district stood at 56.27%, showing an increase of 3.38% to the corresponding CD ratio of 55.40 $ as on March 31, 2017. The benchmark CD ratio stipulated by RBI is 60%. The banks in the district will have to gear up to achieve the same at least during the current financial year, he added.
He said that the total branches in the district as on March 31, 2018 is 649. The deposits stood at Rs 41,762.23 crore indicating a growth of 7.41% and the advances stood at Rs 23917.88 crore. The total business as on March 31 is Rs 65,680.11 crore, he added.