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OF

141st MEETING OF SLBC HARYANAHELD ON

DATE : 11.08.2017 (FRIDAY)TIME : 10.00 AMVENUE : HOTEL

SHIVALIKVIEWSECTOR - 17CHANDIGARH

CONVENER:

STATE LEVEL BANKERS’ COMMITTEE, HARYANA

Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 1

CONVENER: STATE LEVEL BANKERS’ COMMITTEE, HARYANA

MINUTES OF 141st MEETING OF SLBC HARYANA

The 141st meeting of State Level Bankers’ Committee (SLBC) Haryana to review the performance of banks for the quarter ended June 2017 (FY 2017-18) was held on 11 th of August, 2017 at Hotel Shivalik View, Sector 17, Chandigarh. Shri D S Dhesi, IAS, Chief Secretary, Govt of Haryana was the Chief Guest and Dr Ram S Sangapure, Executive Director, Punjab National Bank, presided over the meeting. Shri T C Gupta, IAS, Principal Secretary, Finance & Planning, Govt of Haryana; Shri Devender Singh, IAS, Principal Secretary, Electronic, IT & Civil Aviation, Govt of Haryana; Shri Ashok Sangwan, IAS, Director, Industries & Commerce, Govt of Haryana; Shri Sanjeev Verma, IAS, Director, Social Justice & Empowerment, Haryana; Ms Rachna Dikshit, General Manager, RBI, Chandigarh; Shri Arun Shukla, Chief General Manager, NABARD, Regional Office, Haryana; Dr B M Padha, General Manager, PNB, Head Office, New Delhi; Ms Kiran Lekha Walia, Financial Advisor, IF&CC, Haryana; Shri A K Dargan, Zonal Manager, Punjab National Bank, Haryana Zone & Convener, State Level Bankers’ Committee, Haryana, Senior Officers of State Govt and Controlling Heads of Banks, representatives from insurance companies and media persons were amongst those present in the meeting.

List of participants is annexed.

At the outset, Shri A K Dargan, Zonal Manager, PNB, Haryana Zone and Convener SLBC extended warm welcome to Shri D S Dhesi, IAS, Chief Secretary, Govt of Haryana - Chief Guest; Dr Ram S Sangapure, Executive Director, Punjab National Bank & Chairman - SLBC, dignitaries on dais and other distinguished members present in the meeting. He informed that besides others, following important issues would be taken up for discussion:

Progress on implementation of PMJDY, 3 Social Security Schemes namely PMJJY, PMSBY and APY


Effective implementation of Pradhan Mantri Mudra Yojana (PMMY)

Effective implementation of Stand Up India Scheme Progress under opening of FLCs in Haryana. Progress under

Annual Credit Plan for the first quarter ended June 2017 Implementation of PMFBY Opening of Brick & Mortar Branches in unbanked villages

having population more than 5000 Work related to seeding of Aadhaar in operating Saving Fund &

PMJDY accounts Recovery of Advances PMEGP, NURLM, NULM and other Govt. Sponsored schemes

and other important issues concerning banks Review of Bank’s performance in other key areas, National

goals etc. Performance of banks in achievement of Annual Credit Plan for

the quarter ended June 2017 (FY 2017-18).

Shri Dargan informed the house that before 141st SLBC meeting, four important meetings of sub-committees to SLBC on PMEGP, NRLM, NULM, Pradhan Mantri Awas Yojana (PMAY), Haryana Scheduled Caste Finance & Development Corporation and Pradhan Mantri Fasal Bima Yojana (PMFBY) were convened by SLBC Secretariat on 21.07.2017 so that related issues of these schemes could be discussed at length and the action in order to achieve the targets under the schemes could be initiated timely by the concerned agencies and banks. He also informed that viewpoints along with important decisions taken in these meetings would be discussed in the SLBC meeting.

Shri Dargan also informed that Aadhaar is going to be the ‘Game Changer’ with regard to regulating the financial system of the country from which the country will derive tremendous benefits. He also stated that Govt of India has amended The Prevention of Money Laundering (Maintenance of Record) Rules, 2005 to provide that clients eligible to be enrolled for Aadhaar number shall, at the time of account opening, submit their Aadhaar numbers and where Aadhaar number has not been assigned, to furnish proof of having applied for Aadhaar enrolment. The clients eligible to be enrolled for Aadhaar and already having an account prior to 01.06.2017 shall submit their Aadhaar number by 31.12.2017, failing which, their Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 3

account shall cease to be operational till the Aadhaar number is submitted. In addition, at the time of receipt of Aadhaar number, banks shall carry out authentication using the authentication facilities provided by Unique Identification Authority of India (UIDAI). He further informed that as per Notification issued by UIDAI, every Scheduled Commercial Bank is required to set up Aadhaar Enrolment and Updation Centres inside its bank premises at a minimum of 1 out of 10 branches by 30th of August, 2017 and State Govt has been asked to advise District Collectors to convene District Consultative Committee Meeting to select bank branches for opening such Centres. SLBC Haryana Secretariat has already obtained list of selected bank branches of each district from LDMs and given this list to UIDAI. He requested Controlling Heads of all banks to sensitize their field staff of all branches to provide required infrastructure necessary for this job so that this work of Haryana State could be completed well before the stipulated time.

Shri Dargan informed with happiness that as a part of action plan emerged during last 140th SLBC meeting, Finance Department, Govt of Haryana called a Video Conference with all Deputy Commissioners and Lead District Managers of the State on 18.07.2017 which was chaired by Hon’ble Finance Minister Haryana and was also presided over by ACS (Finance & Planning) Govt of Haryana. During this long VC run for more than 3 hours, performance of each district in various important areas and flagship schemes of Govt of India and State Govt was reviewed.

Convener, SLBC expressed hope that the combined efforts of the Banks with the help of the State Government will take overall economic development of the State to new heights.

ACTION: BANKS/LDMs/STATE GOVT/SLBC

While delivering his keynote address Dr Ram S Sangapure, Executive Director, Punjab National Bank and Chairman-SLBC welcomed Shri D S Dhesi, IAS, Chief Secretary, Govt of Haryana-Chief Guest; Shri T C Gupta, IAS, Principal Secretary, Finance & Planning, Govt of Haryana alongwith all dignitaries on the dais, media and all other members of SLBC.


Dr Sangapure, apprised the house that RBI in its monetary Policy announced on 2nd August 2017, decided to cut the repo rate under Liquidity Adjustment Facility (LAF) by quarter point to 6%. Consequent upon the narrowing of the LAF corridor, the reverse repo rate under the LAF remained at 5.75% and the Marginal Standing Facility (MSF) rate is at 6.25% and the bank rate is at 6.25%. Similarly, Cash Reserve Ratio (CRR) at 4% and Statutory Liquidity Ration (SLR) kept unchanged at 20%.

The Chairman SLBC also apprised the house that in order to move towards a speedy resolution aimed at breaking current logjam on stress assets and expediting commercial decision making by lenders, the Banking Regulation (Amendment) Bill was passed in the Lok Sabha on 3rd August, 2017, to empower the RBI to deal with stressed assets. Now, under this Bill Central Govt may by order authorize RBI to issue direction to any banking company to initiate insolvency resolution process in respect of a default, under the provisions of the Insolvency and Bankruptcy Code, 2016. This is appreciable endeavour of the Govt to improve recovery climate for banks’ stressed assets. Under this Act, RBI has already identified 12 companies that account for 25% of total NPAs of Banks and immediate referral for resolution under the Bankruptcy Law.

The Chairman SLBC also apprised the house that Hon’ble Prime Minister had expressed desire on 28.02.2016 to double the income of farmers by the year 2022 when the country completes 75 years of Independence. He unveiled a seven point strategy to double the income of farmers in six years with measures to step up irrigation, provide better quality seeds and prevent post harvest losses. Keeping this as a focus area, the Hon’ble Finance Minister in his Union Budget speech on 1st February 2017 for Financial Year 2017-18 had announced doubling farmers’ income by 2022. For achievement of this goal, amongst many measures taken in the budget for Agriculture, Rural Development, Poor and under-privileged people, infrastructure, financial sector and digital economy as main focus areas, the target of agriculture credit in 2017-18 has been fixed at a record level of Rs 10 lakh crore and with this strategy, well-designed programmes, adequate resources and good governance in implementation, this target is achievable.


The Chairman informed the house about achievements of banks in the State of Haryana under various flagship schemes run by Govt:-

Under PMJDY upto 30.06.2017, 63,46,162 accounts have been opened out of which 28,85,222 accounts of women have been opened and a sum of Rs 1953.85 crores has been mobilized. Out of these, Rupay Cards have been issued in 55,22,920 accounts out of which 48,53,789 or 88% cards have been activated.

As at 30.06.2017 banks in the State have enrolled 26,48,189 persons in Pradhan Mantri Suraksha Bima Yojana (PMSBY), 8,19,322 persons in Jeevan Jyoti Bima Yojana (PMJJBY) and 1,12,589 persons in Atal Pension Yojana (APY).

Under Pradhan Mantri Mudra Yojana (PMMY), during the first quarter, the banks in Haryana have disbursed a sum of Rs 408.02 crore in 29,506 accounts.

Under Stand Up India scheme during the review period, banks have sanctioned loans of Rs 55.29 crore to 239 beneficiaries, out of which 65 cases amounting to Rs 12 crore have been sanctioned to SC/ST categories and 174 cases amounting to Rs 43.49 crores to women beneficiaries in the State of Haryana.

For creating employment opportunities for rural masses by imparting training in various skill development programmes, 21 RSETIs are functioning in the State and upto June 2017, 89657 persons participated in 3283 training programmes of Skill Development at these RSETIs.

129 Financial Literacy Centres (FLCs) are operating in the State as at the end of June 2017 and during the review period 1766 special camps and 1861 target specific camps were organized by these FLCs.

The Chairman expressed his pleasure to note that Capt Abhimanyu, Hon’ble Finance Minister Haryana and Shri P Raghavendra Rao, IAS, ACS (Finance & Planning) Haryana have held Video Conference with Deputy Commissioners of all the districts of Haryana alognwith Lead District Managers on 18.07.2017 where-in various important issues related to banking achievement of loans under MUDRA, STAND-UP INDIA, PMEGP, NURLM, NULM and other Govt Sponsored programmes in their districts were reviewed. He was hopeful that with proactive support of the Govt the banks in Haryana will achieve


all banking goals and contribute their best to make the economy of the State more prosperous and vibrant.

Lauding the achievement of banking system in the State, Dr Sangapure, apprised the house that the banking system in the State has achieved all National Goals as on 30.06.2017 except Export Credit during the period under review. He highlighted the major parameters as under:-

As on 30.06.2017, 192 new branches have been opened by commercial banks and RRBs in Haryana thus raising the total number of branches to 4721.

Total Deposits of commercial banks/RRBs in Haryana have increased by Rs 54,778 crores from Rs 2,51,359 crores to Rs 3,06,137 crores showing YOY growth of 22%.

Total Advances during the review period have increased from Rs 1,91,577 crores to Rs 1,98,790 crores registering YOY growth of 4%.

Priority Sector Advances have gone upto Rs 1,12,966 crores with 5% YOY growth. The achievement of National Goal under Priority Sector is 59% against the target of 40%.

Agriculture Advances have increased to Rs 44,331 crores exhibiting YOY growth of 3%. The achievement of National Goal under Agriculture Sector as at June 2017 was 23% against the target of 18%.

Under Annual Credit Plan 2017-18, upto June 2017 achievement of banks under Agri Sector remained at 103%, under MSMEs 111% and under Other Priority Sector it remained at 75%, and over-all achievement of ACP remained at 101%.

The Chairman expressed his concern over large number of Recovery Certificate cases pending under HACOMP Act. He noted that 17,757 Recovery Certificate cases amounting to Rs 555.26 crore were pending as at 30.06.2017, out of these 1436 cases were pending for more than three years. He informed that this issue was already taken up by ACS Finance with respective Deputy Commissioners and Lead District Managers during VC held on 18.07.2017.

Ms Rachna Dikshit, General Manager, RBI, Chandigarh while deliberating in the meeting expressed satisfaction over the Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 7

achievement of banks in the State of Haryana under various parameters and noted with concern that credit growth remained at 4% only. She also stated that CD ratio was good at 65% but still below last year’s achievement at 76%. She also informed the house that RBI is going to set-up Public Credit Registry which will remove the asymmetry of information between banker and borrowers and work in this regard has since started. She hoped that with this attempt of RBI, lending will become easier and efficient.

She informed the house that in order to increase banking penetration in unbanked rural centres with population of 5000, 194 such villages were identified and progress in this regard was quite dismal. She clarified that as per latest instructions of RBI fixed location BCs will also be considered as bank branch. She also informed that if banks were not in a position to open branches they can easily post BCs in such places by December 2017.

She also informed that The Prevention of Money Laundering (Maintenance of Records) Rules 2005 have been amended and as per Notification issued by UIDAI every scheduled commercial bank will set up centres for Aadhaar Enrolment and Update Centres inside its bank premises at a minimum of 1 out of 10 branches by 30.08.2017. She further informed that all operative savings bank accounts are to be Aadhaar seeded by 31.12.2017 and after that these accounts shall become inoperative.

While reviewing the performance of Financial Literacy Centres operating in the State of Haryana, she expressed pleasure over the performance of FLCs. She informed that under Pilot Project scheme of Reserve Bank of India, PNB and CRISIL have entered into MoU for opening 5 FLCs in the State of Haryana for providing financial literacy to the borrowers.

She directed the banks not to convey the balances of amount lying in currency chest to any one and in case any information is sought by Govt, clearance is required from RBI.

Shri Arun Shukla, Chief General Manager, NABARD, Regional Office Haryana, while speaking on the occasion, complemented all the banks for achievement of 100% of quarterly target for quarter ended June 2017 for Priority Sector lending as well as Agriculture Sector. Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 8

He also laid emphasis to provide loans to farmers for facilitating capital formation/asset creation in the field of agriculture. He stressed that at least 32% of the total Agriculture loans target should be achieved towards loans under Investment Credit to the farmers. He requested all bankers for participating in thought process with NABARD for PLP preparations exercise so that there is no difference of opinion on consequent formation of Annual Credit Plan. He expressed happiness over the achievement of banks in Pradhan Mantri Jan Dhan Yojana under which already more than 63 lakh accounts have been opened. Rupay Cards have been issued in 87% of total PMJDY accounts and Aadhaar seeding has also been done in 74% of PMJDY accounts. He hoped that with beginning of Enrolment and Updation Centres for Aadhaar in bank branches, the banks will drastically improve and achieve 100% of Aadhaar seeding in PMJDY as well as in other accounts. He informed the house about 10 Financial Literacy Centres being opened in the State of Haryana with financial assistance of NABARD, five by PNB and five by Syndicate Bank. He requested PNB and Syndicate Bank to make formal request to NABARD for sanction of these centres and the sanction will be given by NABARD for the same. He also appreciated the efforts put in by SHGB and HARCO Bank for issuing Rupay Kissan Cards in tremendous good numbers (SHGB more than 2 lakh and HARCO Bank more than 2.5 lakh active Rupay Kissan Cards). He requested SLBC to include review of activation of Rupay Kissan Card in SLBC Agenda from next quarter so that this important field may also be reviewed. Shri Shukla briefed the house on E-Shakti project currently being implemented in Ambala district on pilot basis and the next phase to be undertaken in two more districts for ensuring proper accounting, transparency in transactions and to increase comfort level of bankers for financing SHGs. He appreciated the cooperation and support given by bankers and requested for continued cooperation in this regard.

Considering the low growth in loans outstanding under SHG-BPL, he requested the SLBC to discuss SHG-bank linkage at the sub-committee meeting for all SHGs being promoted by all other institutions/Govt Departments, as the meeting is normally focused on NRLM groups only.


He also informed about various developmental works done by NABARD in the State. He mentioned about the present status of 50 FPOs promoted by NABARD, 22 by Horticulture Deptt, Govt of Haryana and requested the banks to interact with the mature FPOs for credit support. He informed that SHGB has formulated the scheme for financing FPO and requested SLBC to circulate the scheme formulated by SHGB to other member banks so that the same type of scheme be formulated by other banks to extend the credit support to the FPO. He also deliberated at length on achieving the doubling of farmers’ income by 2022 and requested the SLBC to reconstitute the sub-committee in this regard and include all important stake holders from the State Govt including Agriculture, Horticulture, Animal Husbandry, Fisheries, Marketing Deptt etc. and ensure continuous meeting of the sub-committee atleast once in a quarter to review the progress on regular basis.

ACTION: BANKS/LDMs/STATE GOVT/SLBC

While speaking in the meeting, Shri Devender Singh, IAS, Principal Secretary, Electronics, IT & Civil Aviation, Govt of Haryana drew the attention of the house towards the key areas and important initiatives taken by Govt related to banks.

He informed that Jan Kalyan Sewa Survey is going to start in the State of Haryana from 1st September 2017. In the Survey, besides many other important information, some will be collected viz. Aadhaar number of every member of household, bank account details, mobile numbers etc. This vital information will also be utilized by the State Govt in formulating comprehensive health insurance scheme and doing e-KYC in the entire State besides achieving the target of 100% financial inclusion. During the survey, if there would be any member who is not having bank account, this information shall be electronically transferred to LDMs and from LDMs to concerned bank branch/BCA for opening bank account. During survey all required documents/information will also be collected which will help bank branches/BCAs to open accounts.

Shri Singh informed that as per data provided by Social Justice Department Haryana, under Prime Minister Suraksha Bima Yojana (PMSBY) out of 200 lakh eligibles, only 26 lakh persons are enrolled and during the course of Survey, all efforts will be made for covering Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 10

remaining 175 lakh eligible persons under the scheme. He also informed that Govt of Haryana shall be paying insurance premium in respect of these persons from the Govt Budget. He further informed that they have taken up with DFS, MoF, GoI also if electronically information collected during the Survey can be made available to them so that after the Survey all eligible citizens are automatically covered without again visiting the house and it will be a great achievement.

Shri Singh also informed that Govt of India has assumed a target of 2500 crore digital transactions at all India level and Haryana State has been allocated target of 72 crore transactions. He informed that Aadhaar seeding, which is mandatory, in all operative accounts will also help in smooth functioning of UPI, Bhim and AePS apps being popularized by the Govt.

Shri Singh advised that there is urgent need for 100% mobile seeding in operative accounts, issuance of Rupay cards and activation of Rupay for achieving the target of digital payments.

Shri Singh informed that 129 Financial Literacy Centres are functioning and NPCI can cooperate with banks to promote digital literacy and popularize digital transactions made through Bhim, UPI etc.

Shri Singh further informed that as per instructions of Hon’ble Supreme Court, Aadhaar Enrollment and Updation Centres can be allowed to function in Govt Buildings viz. Bank branches, DC Office, Common Service Centres and LDMs have identified bank branches for opening Aadhaar Enrollment and Updation Centres. He hoped that this move will help in 100% issuance of Aadhaar cards besides achieving 100% financial inclusion, PMSBY and Aadhaar seeding.

ACTION: BANKS/LDMs/UIDAI


Shri T C Gupta, IAS, Principal Secretary, Monitoring & Coordination, Finance & Planning, Govt of Haryana while addressing the house touched upon the following points:-

Shri Gupta expressed concern over reduction of CD ratio from last year from 76% to 65%. He called upon all the bankers to extend more credit for productive purposes in the State. He also noted that achievement under DRI advances was 0.011% against the national goal of 1%. He advised the bankers to extend more credit and really help the needy/poor people which will also help in increasing loan under DRI. He, however, expressed satisfaction that loans given to minority communities were 9% during the review period.

While talking about opening of Brick & Mortar branches in unbanked villages with population of more than 5000, Shri Gupta expressed that inspite of RBI guidelines, some of the banks are informing that the opening of branch in some specific village is not viable. He shared that Hon’ble Finance Minister Haryana expressed deep concern over not achieving the milestone of opening 194 branches in unbanked villages so far.

Shri Gupta also reviewed the progress made by banks in Aadhaar seeding, Issuance of Rupay Cards & their activation and other national programmes like Mudra, Stand Up India Schemes and hoped that the position will improve significantly in these areas also.

Shri Gupta also stated that banks must also give due emphasis to education loan and expressed concern that education loans given to female students remained at less than 7%. He also informed that banks can give loan upto Rs 1.50 lakhs to students who are enrolled under PMKVY to learn skill to earn their livelihood.

Shri Gupta reviewed the progress of RSETIs operating in the State of Haryana and observed that 20% loan applications were rejected by banks, which were forwarded by RSETI Directors to banks for loan under PMMY for RSETI trained candidates, which was not a good sign.

Shri Gupta informed the house that under Saksham Yuva Scheme, Govt of Haryana has enrolled post graduates of Haryana and have Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 12

been assigned the work of providing financial literacy. He further informed that as per notification from DFS, GoI, banks can engage apprentices and each and every branch has to adopt one Saksham Yuva which is mandatory as per Apprenticeship Act, 1961, in terms of which every establishment including banks also have to cover 2.5% of strength and maximum of 10% of employees strength apprentices are to be engaged. The bank has to pay to each apprentice 70% of the wages of semi-skilled labour which comes to Rs 8500/- and out of which Rs 1500/- will be reimbursed/borne by Govt of India. If Sakshams are kept by banks as apprentices they can be utilized for FLC, survey and other work required to be undertaken by banks. Shri Gupta also noted that Recovery Certificates are pending for more than 3 years and that will be effectively taken up with Deputy Commissioners. Shri Gupta called upon the bankers to take care of the activities which benefit the poor and down trodden people of the society.

While entering the interaction with Shri Gupta, Dr Sangapure ED PNB informed that the issue of engaging apprentices under Apprenticeship Act shall be taken up with IBA and after hearing from them further course of action will be taken in the matter.

ACTION: BANKS/LDMs/RBI/STATE GOVT/SLBCThe Chief Guest of the meeting, Shri D S Dhesi, IAS, Chief Secretary, Govt of Haryana, while addressing the house said that SLBC is the highest body at the State level where all key persons are involved in implementation of various credit based schemes in the State.

Shri Dhesi informed that on the occasion of 75th anniversary of Quit India Movement on 9th August, 2017, Hon’ble Prime Minister of India, through video-conference, addressed all Deputy Commissioners, Chief Secretaries and Principal Secretaries of key Departments which includes Finance and IT at the country level where-in he drew attention towards the areas of national concern and advised the Deputy Commissioners to take a lead and identify 6 or 7 major areas in their district where their district is lagging behind and prepare a vision document by selecting 10 to 15 objectives which are beneficial for total progress of the district by 15.8.2017 by taking help of students, intellectuals etc. and achieve their goals by 2022. Shri Dhesi called upon all bankers and specially to Lead District Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 13

Managers to help Deputy Commissioners in achieving their goals under social security schemes, doubling farmers’ income and PMAY by 2022 as Lead District Managers are also part of this exercise. He informed that Hon’ble PM has referred it as Sankalp se Sidhi and for that banks are to play an active role.

Shri Dhesi informed that agriculture sector in Haryana is facing difficult times and banks have to play pro-active role in meeting the challenges being faced by farmers. He informed that NABARD has sanctioned Rs 5000 crore as irrigation fund in the State and State Govt is under the preparation of schemes for welfare of farmers to take full advantage of what NABARD is offering. He also informed that NABARD has sanctioned Rs 10.50 crore for setting up an incubator at CCS HAU Hisar to promote various types of ventures relating to agriculture processing and value addition.

Shri Dhesi informed that Jan Seva Survey is a unique survey to collect some very authentic and comprehensive data which will be of great use not only to State Govt but also to banking system. He advised the bankers to accelerate their efforts in achieving the targets fixed by Govt under PMAY (urban & rural) and PMFBY. For implementation of PMFBY in the State, teething problems were faced by all the stake holders in the first year but in the second year everything has been almost streamlined. He said under the circumstances where the farmers has to claim the damage of the crop all stake holders should ensure that filing of the claim and settlement of the claim is done in fastest mode. He called upon Lead District Managers and Branch Managers to help in smooth implementations of the various schemes. He also stressed upon the need of proper coordination between banks and Govt agencies for smooth functioning of the system. He also informed that Direct Benefit Transfer is preferred mode of payment as far as beneficiary oriented schemes are concerned for payment of pensions, scholarships, subsidy and now 100% of it is to be done through DBT mode.

Shri Dhesi also noted with concern that all banks have not appointed independent DCOs as a result of which correct information is not being sent to LDMs in time. He advised the controlling heads of all banks to ensure that as per the directions of the DFS, independent DCOs be appointed and BMs are not designated as DCOs. He also Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 14

called upon the banks to ensure ease of doing business in banking the idea initiated by our Prime Minister i.e. do away with redundant procedures, make the procedures as simple as it can, to replace the manual procedure with digital procedure, etc.

ACTION: BANKS/LDMs/RBI/STATE GOVT/SLBCWith the permission of the Chair, agenda-wise discussions were held as under:-

ITEM NO. 1 CONFIRMATION OF MINUTES OF 140TH MEETING OF STATE LEVEL BANKERS’ COMMITTEE (HARYANA) MEETING HELD ON 18.05.2017

The minutes of last SLBC meeting held on 18.05.2017 were circulated on 16.06.2017. As no comments were received, house confirmed the same.

ITEM NO. 2 SUPPORT FROM FINANCIAL INCLUSION FUND (FIF) – DEPLOYMENT OF PoS TERMINALS IN TIER 5 & 6 CENTRES

While reviewing the position the house observed that against the sanction of 6099 PoS machines to be installed in 4707 villages only 196 PoS machines have been installed. Controlling heads of banks were requested to ensure that the PoS machines are installed at the earliest in the villages identified by their bank and the subsidy is claimed from NABARD under FIF.

ACTION: ALL BANKSITEM NO. 2.2 CASHLESS/DIGITAL MODE PAYMENT

The house reviewed district-wise progress in installation of PoS machines and number of transactions carried out by the machines.

Ms Kiran Lekha Walia, Financial Advisor to Govt of Haryana noted with concern that against the target of 22 crore number of digital transactions, only 2.86 crore transactions have taken place. She advised all LDMs to sensitize ground level people and ensure achievement of allocated targets.


Controlling heads of banks were also advised to ensure that the PoS machines are provided to their customers’ merchant establishments as per their requirement so that performance of digital transactions could be improved substantially.

ACTION: BANKS/LDMs

ITEM NO. 3.1 TO 3.14

IMPLEMENTATION OF PRADHAN MANTRI JAN-DHAN YOJANA (PMJDY)

Discussions were held in details on the following items:-

3.1 Opening of accounts under PMJDY.3.2 Issuance of Rupay Cards.3.3 Zero balance accounts.3.4 Activation of Rupay Cards.3.5 Aadhaar seeding and mobile number seeding in operative

saving fund accounts.3.6 Claims received and settled under Rupay Cards.3.7 Aadhaar seeding in PMJDY accounts.3.8 Camps for Aadhaar seeding in a/cs of MGNREGA workers in

State of Haryana.3.9 Micro ATMs.3.10 Deployment and working of BCAs.3.11 i) Pradhan Mantri Suraksha Bima Yojana (PMSBY).

ii) Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)iii) Atal Pension Yojana (APY)

3.12 i) Pradnah Mantri Mudra Yojana (PMMY)ii) Pradhan Mantri Mudra Yojana (PMMY) (coverage of activities allied to agriculture (upto Rs 10.00 lakh).

3.13 Progress under Stand-up India Scheme.3.14 Pradhan Mantri Awas Yojana (PMAY) Credit linked subsidy

scheme (CLSS)

Ms Kiran Lekha Walia, Financial Advisor to Govt of Haryana informed the house that a video conference was held on 18.07.2017 under the chairmanship of Capt Abhimanyu, Hon’ble Finance Minister Haryana, which was attended by all Deputy Commissioners and Lead District Managers where-in district-wise progress under above-said Schemes was discussed in detail. She called upon bankers to


improve their position under all these parameters particularly the private sector banks.

While reacting to poor performance in Aadhaar seeding in PMJDY accounts in Gurugram, Shri R C Nayak, Lead District Manager, Gurugram informed that performance of private banks was around 50% as a result of which performance of Gurugram district was 71% only and despite his repeated requests private banks were not inching forward. Ms Walia assured to take up the matter with the Deputy Commissioner, Gurugram.

While reviewing the performance under PMMY it was observed that performance of banks was 11% only and performance of SBI was 0% against the annual target. The representative of SBI present in the meeting informed the house that due to merger of associate banks with SBI there was problem in collection of data and assured that by next quarter complete and exact figures will be provided to SLBC.

The Chairman emphasized that the banks should speed up the disbursement under PMMY so that the annual target could be achieved well before the end of the financial year 2017-18.

ACTION: BANKS/LDMs/IF&CC DEPTT HARYANA

ITEM NO. 4.1 OPENING OF FINANCIAL LITERACY CENTRES (FLCs) AT BLOCK LEVEL

The house was informed that Punjab National Bank has signed an MoU with CRISIL for opening of five Financial Literacy Centres in Karnal and Panipat districts and the same will start functioning from October 2017. Like-wise an MoU has also been signed between Syndicate Bank and CRISIL for opening one Financial Literacy Centres in Sohna block of Gurugram district.

Controlling heads of SBI and OBC were advised to ensure that the FLCs in the remaining blocks allocated to their banks are opened at the earliest.

Controlling heads of CBI, SBI and P&SB were also advised to ensure that independent FLC counselors are appointed and proper


infrastructure is provided to the FLCs opened by their bank to ensure its smooth functioning.

The LDMs were also advised to monitor the progress/functioning of FLCs operating in their respective districts regularly.

ACTION: BANKS/LDMs

ITEM NO. 4.2 PROVIDING SPACE/PREMISES FOR ESTABLISHING FLCs AT BLOCK LEVEL

While deliberating the issue, the house was informed that instructions with regard to providing space/premises for establishing FLCs were conveyed to all Deputy Commissioners in the State.

Controlling heads of banks (CBI, P&SB and SBI), whose FLCs were being operated from branch premises, were requested to advise their DCOs to take up the matter with the district administration through the Lead District Manager of their respective districts to get the space for their FLCs for its smooth functioning.

ACTION: BANKS/LDMs

ITEM NO. 4.3 FINANCIAL LITEACY CENTRES (FLCs) – PROGRESS DURING THE QUARTER ENDED JUNE, 2017 (2017-18)

The house was informed that during the quarter ended June 2017, 1766 Special camps and 1861 target specific camps were organized by 129 FLCs functioning in the State of Haryana.

Controlling heads of banks were requested to advise their FLC counselors to organize financial literacy camps as per the revised operational guidelines issued by RBI in this regard. LDMs were also advised to monitor the progress/functioning of FLCs regularly in DCC/DLRC meetings.

ACTION: BANKS/LDMs/SLBC

ITEM NO. 4.4 FINANCIAL LITERACY – HOLDING OF ONE CAMP PER RURAL BRANCH PER MONTH – PROGRESS DURING THE QUARTER ENDED JUNE, 2017 (2017-18)


As per RBI instructions, all rural branches of banks were to organize at least one Financial Literacy camp per month. While reviewing the progress it was observed that 2934 special camps and 1698 target specific camps were organized by 2113 rural branches operating in the State.

Controlling heads of all the banks were advised to instruct their rural branches to hold at least one financial literacy camp every month as per RBI guidelines.

ACTION: BANKS/LDMs

ITEM NO. 4.5 GRANT ASSISTANCE UNDER FINANCIAL INCLUSION FUND (FIF) FOR CONDUCT OF FINANCIAL LITERACY PROGAMMES – SUPPORT FOR “GOING DIGITAL”

As per RBI circular No. FIDD/FLC.BC.No.22/12.01.2018/2016-17 dated 02.03.2017, banks (rural branches and FLCs) are to conduct special camps every month for a period of one year beginning 01.04.2017 on “going digital”.

Controlling heads of banks were requested to ensure that programmes may be conducted in accordance with the instructions of RBI issued vide above circular.

ACTION: BANKS/LDMs

ITEM NO. 5.1 IMPLEMENTATION OF PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY)

During deliberations, house was informed that banks are facing problem with insurance companies as they are not passing genuine claim of farmers and this issue was also discussed in sub-committee meeting. Shri Jagraj Dandi, Joint Director, Dept of Agriculture informed that claims are passed by insurance companies either on individual basis or crop-cutting assessment done by them per hectare/per acre and the information is passed on to insurance company and from insurance company to banks.

Ms Kiran Lekha Walia advised the representatives from insurance companies to pass the genuine claims lodged by farmers. Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 19

Shri Rajinder Malhotra, LDM Karnal informed that recently claim was passed by one insurance company and a lump sum amount was credited in branch’s inter-sole account but list of farmers containing detail of amount was not supplied by insurance company. Shri Abhishek Yadav from Bajaj Insurance Company informed that list of farmers is available with bank. While intervening, Dr Sangapure directed the representative from Bajaj Insurance Company to provide list of farmers containing amount-wise and account-wise detail in case the claim is passed by them.

ACTION: BANKS/LDMs/INS COMPANY

ITEM NO. 5.2 PRADHAN MANTRI FASAL BIMA YOJANA (PMFBY) – MANDATORY ENTRY OF ALL COVERAGE DETAILS ON PORTAL FOR KHARIF 2017 ONWARDS

The house was informed that seeding of Aadhaar number is compulsory and participating bank must ensure to get the same from the individual borrowers and upload the necessary details of individual insured farmers on Crop Insurance Protal. While replying a query, Dr B M Padha, General Manager, PSFI, PNB HO New Delhi informed that consent letter obtained at the time of account opening from a borrower was sufficient and there is no need to obtain another consent letter for the purpose of entering in insurance portal.

ACTION: BANKS/LDMs

ITEM NO. 5.3 APPROVAL OF THE HOUSE FOR THE PERIODICITY OF EACH CROP GROWN IN THE STATE

Shri S D Sharma informed the house that for the purpose of specifying periodicity of crop loan for slipping to NPA account in case of non-payment of principal and interest thereof, some banks have requested that in accordance with the guidelines of RBI circular dated 24.6.2004 the crop duration of each crop being grown in the State should be approved by SLBC and accordingly crop duration approved by SLBC will be fed in the system by the banks for the purpose of classifying the loan related to the specific crop as NPA, in case of non-payment of dues by the farmers within the specified period. The house approved the following crop duration:-


Major crops being cultivated in the State

Crop Season (Sowing)

Crop Season(Harvesting)

Crop Duration

Wheat, Barley, Mustard, Gram

October-November

April- May (Short Duration)

Paddy, Cotton, Maize, Bajra

May-June October-November (Short Duration)

Sun Flower January/February May-June (Short Duration)

Sugarcane Feb-March December-February (Long Duration)

RBI vide above circular dated 24.06.204 had informed that w.e.f. 30.09.2004, the following revised norms will be applicable to all direct agriculture advances:-

A loan granted for short duration crops will be treated as NPA, if the installment of principal or interest thereon remains overdue for two crop seasons.

A loan granted for long duration crops will be treated as NPA, if the installment of principal or interest thereon remains overdue for one crop seasons.

For the purpose of these guidelines, “long duration” crops would be crops with crop season longer than one year and crops which are not long duration crops, would be treated as “short duration crops”.

The crop season for each crop, which means the period upto harvesting of the crops raised, would be as determined by State Level Bankers’ Committee in each State.

ACTION: ALL BANKSITEM NO. 6 OPENING OF BRICK & MORTAR BRANCHES IN VILLAGES

WITHOUT A BANK BRANCH OF A SCHEDULED COMMERCIAL BANK WITH POPULATION MORE THAN 5000

While reviewing the progress of opening of brick and mortar branches, it was observed that out of 194 identified villages, only 27 branches have been opened. Shri S D Sharma, Chief Manager, SLBC informed the house in view of new guidelines of RBI with regard to Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 21

bank’s branch that banks are awaiting instructions from their corporate offices and by the time instructions are received the progress in this area will also be good. Ms Rachna Dixit General Manager, RBI clarified that Regional Rural Banks were not covered under the changed guidelines for opening of new bank’s branch.

ACTION: BANKS/LDMs/RBI/SLBC

ITEM NO. 7 ISSUE OF UNIQUE IDENTIFICATION AUTHORITY OF INDIA (UIDAI)

Shri Amit Singhal, ADG, UIDAI informed the house that as per UIDAI Notification dated 14.7.2017 it has been decided that every Scheduled Commercial Bank shall set up Aadhaar Enrollment & Updation Centre at its bank premises at a minimum of 1 out of every 10 branches. In view of this 540 bank branches have been identified by commercial banks and RRB in the State of Haryana for opening such Centres. He also informed that very soon training will be provided to master trainers and these Centres shall be operational w.e.f 31.8.2017.

The LDMs were advised to monitor the functioning of Aadhaar Enrollment & Updtion Centres in their respective districts.

ACTION: BANKS/LDMsITEM NO. 8 SWACHH VIDYALAYA CAMPAIGN

The banks were advised to accelerate their efforts in CSR activities like construction of toilet for girl students, provision of library and sports kit in Govt schools etc in the adopted villages of banks.

ACTION: BANKS/LDMs/SLBCITEM NO. 9 REVIEW OF PERFORMANCE UNDER KEY PARAMETERS AS AT

JUNE 2017 (COMMERCIAL BANKS AND RRBs)

The house reviewed the performance under various key parameters viz deposits, advances, PS advances, Agriculture, MSME, Other PS, Advances to WS, Advances under DRI Scheme and growth over last year was found satisfactory except under Weaker Sector where there was negative growth of 4%.


Shri S D Sharma Chief Manager SLBC informed that 66 branch licenses were pending as at June with banks for opening of branches. Some of major banks with pending licenses are Allahabad Bank (6), Bank of India (7), Canara Bank (2), Corporation Bank (6), IDBI Bank (1), PNB (21), Punjab & Sind Bank(2), Syndicate Bank (12), Axis Bank (9).

The Chairman SLBC advised the controlling heads of concerned banks to open the branches immediately where the licenses are pending with them.

ACTION: BANKS/LDMs

ITEM NO. 10 N A T I O N A L G O A L S

The performance of banks in achievement of national goals was appreciated in the house.

Shri T C Gupta, IAS, Principal Secretary, Monitoring & Coordination, Finance & Planning, Govt of Haryana expressed concern over reduction of CD ratio from 76% as at June 2016 to 65% as at June 2017. He called upon all the bankers to extend more credit for productive purposes in the State. He pointed out that this reduction in CD ratio is not only due to demonetization effect but also due to sluggish growth of credit in the State. He said that reduction of CD ratio must be checked keeping in view the low growth in advances. He called upon the bankers to extend more credit for productive purposes in the State.

The Lead District Managers of the districts with CD ratio below the stipulated level of 60% were also advised to analyze the reasons for low %age of CD ratio and also to take measures for improvement of CD ratio of their district.

ACTION: BANKS/LDMsITEM NO. 11 CD RATIO OF FINANCIAL SYSTEM (COMMERCIAL BANKS, RRBs,

COOPERATIVE BANKS WITH RIDF)

The house also reviewed the CD ratio of commercial banks, RRBs, cooperative banks with RIDF. Besides credit deployment, large funds have been invested by the banking system in State Govt


securities, which are ultimately utilized for the economic development of the State.

ACTION: BANKS/LDMs/RBI/STATE GOVT/SLBCITEM NO. 12.1 ALLOCATION OF BANKWISE TARGETS UNDER ANNUAL

CREDIT PLAN (ACP) 2017-18

Shri S D Sharma, Chief Manager, SLBC informed the house that on the basis of PLP projections made by NABARD, ACP for 2017-18 was prepared while approving the ACP for 2017-18 in 140th SLBC meeting held on 18.5.2017 it was observed that ACP based on PLP projections for MSME and other Priority Sector was OK but PLP projections in agriculture was on higher side. The house decided that for agriculture PLP projections, a special meeting may be convened under the chairmanship of CGM NABARD and ACP target under Agriculture Sector may be decided as per the consensus of all stakeholders after logical discussions on the issue. Accordingly, a meeting was held on 22.06.2017 in the office of CGM NABARD and after detailed deliberations target under Agriculture Sector was fixed at 71000 crores for the State of Haryana and now it has been allocated to banks. Accordingly, the final target of Rs 111342 crore under Priority Sector under Annual Credit Plan for the financial year 2017-18 has been arrived at as under:-

Sector Commercial

Banks

RRBs Cooperative Banks & Others

Total

Crop Loan 32531 5577 10627 48735Agri.Term Loan 16747 2192 3330 22269Total Agri. Loan

49278 7769 13957 71004

MSME 22621 685 1210 24516OPS 14623 789 410 15822Total 86522 9243 15577 111342

ACTION: ALL BANKS/LDMsITEM NO. 12.2 PERFORMANCE UNDER ANNUAL CREDIT PLAN (ACP) DURING

THE QUARTER ENDED JUNE 2017 (2017-18)


The house reviewed the achievement of banks under Annual Credit Plan (2017-18) during the quarter ended June, 2017 as under:-

Achievement under Agriculture sector was 103%, under MSME Sector 111% and under OPS at 75% and over-all achievement remained at 101% and the same was considered as satisfactory by the house.

ACTION: BANKS/LDMs

ITEM NO. 13 REVIEW OF PROGRESS UNDER DAIRY ENTREPRENEURSHIP DEVELOPMENT SCHEME (DEDS)

The controlling heads of banks were requested to ensure submission of progress under the scheme for next quarter i.e. ending September 2017 for review in the next SLBC meeting.

ACTION: BANKS/LDMs/RBI/STATE GOVT/SLBC

ITEM NO. 14 PROGRESS UNDER DEBT SWAP SCHEME DURING THE YEAR ENDED JUNE 2017 (2017-18)

The controlling head of banks were requested to advise their field functionaries to adopt one village in each district where they are having branch and lend liberally under the scheme to get the farmers out of clutches of money-lenders. LDMs were also requested to coordinate with banks and finalize bank-wise adoption of villages in their districts and inform the progress to SLBC in this regard on monthly basis.

While reviewing bank-wise progress, it was also observed that performance of few banks viz ICICI Bank, Axis Bank and IDBI Bank was on very low side and they were advised to initiate necessary steps in this regard through their branch network in rural Haryana.

ACTION: BANKS/LDMs

ITEM NO. 15 DOUBLING THE FARMERS’ INCOME BY 2022


During deliberations, CGM from NABARD requested SLBC that a group be reconstituted and a separate meeting be held to achieve this important goal of the nation.


ITEM NO. 16 COMPUTERISATION OF LAND RECORDS IN HARYANA INTERFACE WITH BANKING SYSTEM – CREATION/RELEASE OF ONLINE CHARGE ON LAND HOLDINGS AND OTHER ISSUE OF REVENUE DEPARTMENT HARYANA

While deliberating over the issue, Shri S D Sharma Chief Manager SLBC informed that in order to discuss and resolve the pending issue with regard to provide clarification that whether creation of charge u/s 4(1) of HACOMP Act 1973 will be a valid charge under the Act that means when borrower defaults in repayment of bank dues the bank can sell the related property as per the provisions of the law as in case of registered mortgage or by execution of registered mortgage-deed as being done by banks as per prevailing practice under Section 58 of Transfer of Property Act 1882, a meeting was convened on 20.07.2017 in the office of ACS Revenue. After detailed deliberations on the issue it was concluded that the issue may be forwarded to ACS Finance for taking up with the Legal Department Govt of Haryana for seeking clarification on the issue.

Any further course of action will be taken after receiving clarification from Legal Department Govt of Haryana.

ACTION: BANKS/LEGAL DEPTT.HARYANA

ITEM NO. 17.1 PROGRESS OF RURAL SELF EMPLOYMENT TRAINING INSTITUTE (RSETIs) – JUNE 2017

The house reviewed the performance of RSETIs upto June 2017 and observed that 3283 training programmes of skill development have been organized upto June 2017 wherein 89657 trainees participated.

ACTION: BANKS/LDMs/RBIITEM NO. 17.2 DISPOSAL OF LOAN APPLICATIONS SPONSORED/REFERRED BY

RSETIs OPERATING IN THE STATE OF HARYANA

The Controlling Heads of banks were requested to advise their branches to dispose of the loan applications of RSETI trained


candidates on merit and clear the pendency so that credit linkage of these candidates could be improved further for making them self-reliant. The house noted with concern that in some districts (Ambala, Faridabad, Fatehabad, Gurugram, Kurukshetra & Panchkula) very less number of loan applications have been forwarded to banks and in some districts (Hisar, Jhajjar, Mewat, Narnaul, Palwal & Sirsa) pendency for disposal is on very higher side.

While taking a serious note over large number of applications ie 3125 pending with various bank branches, Dr Ram S Sangapure directed the LDMs to take up with all RSETI Directors that at the time of enrolment of a candidate for training, his/her loan application is also got submitted and during the course of training, loan application is processed and sent to the bank branch near to the place of residence of candidate so that by the time course is completed, loan is sanctioned and there is no delay. He also informed that rejection of loan applications sponsored by RSETIs should not be done at branch level but it should be at circle office level.


ITEM NO. 17.3 ISSUES HINDERING THE CONSTRUCTION OF RSETIs BUILDING

The house was informed that this issue was discussed at length during the Video Conference held on 18.07.2017 which was chaired by Hon’ble Finance Minister Haryana and also attended by Shri P Raghavendera Rao, IAS, ACS Finance & Planning, Haryana.

ACTION: BANKS/LDMs

ITEM NO. 18.1 TO 18.4

EDUCATION LOAN SCHEME AND EDUCATION LOAN TO FEMALES


Controlling heads of member banks were requested to advise their field functionaries to make all out efforts to achieve the allocated targets under education loans.

ACTION: BANKS

ITEM NO. 19.1 TO 19.3

NATIONAL RURAL LIVELIHOOD MISSION (NRLM) & DIGITIZATION OF SHGs

Shri S D Sharma, Chief Manager, SLBC Haryana informed the house that all necessary measures and action points to be taken in order to increase the advance under NRLM were discussed in length in sub-committee meeting to SLBC Meeting held on 21.7.2017 and in 2nd

steering committee to SLBC was held on 28.07.2017 and the minutes of the meetings were sent to all SLBC member banks and LDMs for information and initiating necessary action on the relevant points. All members were also requested to note that formation of SHGs and its credit linkage is to be done at fast pace so that the annual target could be achieved well before the close of financial year 2017-18.


ITEM NO. 20 JOINT LIABILITY GROUPS (JLGs) TARGET 2017-18 – PROGRESS UPTO JUNE 2017 (2017-18)

Controlling heads of banks were requested to advise their field functionaries to pay focused attention towards achievement of targets under JLG as this is important part to increase micro financing to the needy segment.

ACTION: BANKS/LDMs

ITEM NO. 21 REVIEW OF GOVT SPONSORED SCHEMES & PROGRAMMES

ITEM NO. 21.1 NATIONAL URBAN LIVELIHOOD MISSION (NULM)Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 28

The house was apprised that to review the performance of banks under NULM, meeting of sub-committee to SLBC on NULM was held on 21.07.2017 and minutes of the meeting were sent to all SLBC members for initiating necessary action on the relevant points in order to increase finance under this scheme.

Controlling heads of bank were requested to impart necessary instructions to their field functionaries for disposal of the pending applications at the earliest and disbursement of sanctioned case without further delay and ensure that no application remains pending without any justified reason.

ACTION: ALL BANKS/LDMs/SLRM

ITEM NO. 21.2 PRIME MINISTER EMPLOYMENT GENERATION PROGRAMME (PMEGP) – PROGRESS DURING THE YEAR ENDED JUNE 2017

Shri S D Sharma Chief Manager SLBC Haryana informed the house that a sub-committee meeting was held on 21.07.2017 to review the progress under various Govt sponsored programmes including PMEGP. It was hoped that the banks will try to achieve the targets allocated under the scheme well before the close of financial year 2017-18.

Shri Ashok Sangwan, IAS, Director, Industries & Commerce, Govt of Haryana reviewed the bank-wise and district-wise progress and expressed his concern regarding large number of cases pending with banks. He specially mentioned low performing districts and was assured by respective LDMs that the pendency will be got cleared at the earliest.

While deliberating, LDM Karnal informed the house that against the target of 32 cases, 350 applications were sponsored by DIC resulting in pendency of cases.

ACTION: BANKS/LDMs

ITEM NO. 21.3 PROGRESS OF CASES SPONSORED BY HARYANA SCHEDULED CASTES FINANCE & DEVELOPMENT CORPORATION (HSCFDC)


The representative from HSCFDC informed the house that against a target of 8000 number of cases, their Corporation had sponsored 4948 cases, out of which only 598 cases were sanctioned, 413 were disbursed, and 4064 cases were pending for sanction.

Controlling heads of all banks were requested to advise their field functionaries to ensure disposal of the cases pending for sanction on merit and also to disburse the sanctioned cases at the earliest.

ACTION: BANKS/LDMs

ITEM NO. 22 PROTECTED CULTIVATION IN HARYANA – BANKABLE PLAN FOR 2017-18

The house was informed that during the quarter ended June 2017, 66 units amounting to Rs 1789 lakhs have been financed against the target of 1007 units with an amount of Rs 2346 lakhs respectively.

The NABARD authorities were requested to allocate bank-wise targets for the financial year 2017-18.

ACTION: BANKS/LDMs

ITEM NO. 23 CASES SPONSORED BY NATIONAL HORTICULTURE BOARD (NHB)

Shri S D Sharma Chief Manager SLBC informed the house that no LoI has been issued by NHB during the quarter ended June 2017 and subsidy amounting to Rs 549.07 lakhs has been issued in 17 projects during the quarter ended June 2017.

ACTION: BANKS/LDMs/NHB

ITEM NO. 24 RECOVERY UNDER HACOMP ACT

During deliberations the house was informed that as at June 2017, 17757 cases were pending for recovery under HACOMP Act with an amount of Rs 555.26 crores, out of which 1436 cases amounting to Rs 55.03 crores were pending for more than 3 years.


Controlling heads of banks were requested to advise their field staff/DCOs to keep close liaison with LDM/revenue authorities for disposal of the pending cases filed by their bank and also provide district-wise details of pending cases to SLBC Haryana for taking up the matter with Revenue Department, Haryana accordingly.

All LDMs were also requested to review the pendency in DCC/DLRC meetings and make efforts to get the pendency cleared/minimized at the earliest.

ACTION: DEPTT OF REVENUE/LDMs/ALL BANKS/SLBC

ITEM NO. 25 DISPOSAL OF CASES FILED BY BANKS BEFORE CHIEF METROPOLITAN MAGISTRATE (CMM) DISTRICT MAGISTRATE (DM) UNDER SECTION 14 OF SARFAESI ACT, 2002.

Controlling heads of bank were requested to provide district-wise details of pending cases for taking up the matter with Revenue Department Haryana accordingly. They were also requested to advise their field staff/DCOs to keep close liaison with LDM/Revenue authorities for disposal of pending cases filed by their Banks.


ITEM NO. 26 HOUSING FINANCE

The comparative position of outstanding advances under Housing Finance was discussed and observed that there was an increase of 26% over the figures of corresponding period of last year.

ACTION: BANKS/LDMs

ITEM NO. 27 ADVANCES TO INDUSTRIAL SECTOR

ITEM NO. 27.1 FLOW OF CREDIT TO MICRO, SMALL & MEDIUM ENTERPRISES (MSMEs)

During deliberations the house was informed that in the State of Haryana, banks as at June 2017 have provided credit to 433122 Micro Enterprises as against 393944 units as at June 2016 Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 31

registering annual growth of 10% against the target of 10% and share of micro enterprise advances to total MSE advances as at June 2017 remained at 50% against the stipulated level of 60%. The bankers were advised to increase their advances portfolio.

ACTION: BANKS/LDMs

ITEM NO. 27.2 NPA UNDER MSME ADVANCES

The house was informed that position of NPA under MSME Advances as at 30th June 2017 remained at 6%. The bankers were advised to accelerate their efforts for recovery to bring down the NPA level in MSME sector.

ACTION: BANKS/LDMs

ITEM NO. 27.3 MSME CLUSTERS IN THE STATE OF HARYANA

The Lead District Managers of District Gurugram and Yamunanagar were advised to revise their target under MSME and inform to SLBC.

ACTION: BANKS/LDMs

ITEM NO. 27.4 CREDIT LINKAGE OF UNIDENTIFIED/UNRECOGNISED MSME CLUSTERS

RBI had advised SLBC to initiate steps for credit linkage of unidentified/unrecognized MSMEs clusters in Districts Gurugram, Hisar, Panchkula and Panipat in order to facilitate availability of banking outlets and credit flow in such clusters. Accordingly, LDMs were advised to initiate necessary steps for credit linkage of the units operating in their districts.

ACTION: BANKS/LDMsITEM NO. 27.5 SPECIALIZED MSE/MSME BRANCHES

The house was informed that in Haryana 109 specialized SSI/MSME branches have sanctioned Rs 845 crore in 1846 cases during the quarter ended June 2017 and disbursement has been made in 1791 cases amounting to Rs 464 crores. Though the progress in this regard was considered satisfactory, all bankers were advised to increase their advances portfolio under MSME.Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 32

ACTION: BANKS/LDMs

ITEM NO. 27.6 COLLATERAL FREE LOANS UPTO RS 10 LAKH TO MSE SECTOR

The house reviewed the progress made by banks under collateral-free loans upto Rs 10.00 lakhs to MSME Sector and were informed that 97% units have been financed MSME loans upto Rs 10.00 lakhs collateral-free.

Performance of Andhra Bank (59%), Bank of Baroda (65%), Bank of Maharashtra (51%), Dena Bank (3%), OBC (50%), Uco Bank (14%) and United Bank of India (29%) was considered very low and their controlling heads were advised to improve their position in this regard.

ACTION: BANKS/LDMs

ITEM NO. 27.7 CREDIT GUARANTEE SCHEME OF CGTMSE

The house was informed that 1394 cases were covered during the quarter ended June 2017 as against 2865 cases covered under the scheme during the corresponding period of last year showing a negative growth of 51% in number of accounts and 11% in the amount involved.

ACTION: BANKS/LDMs

ITEM NO. 28 ENGAGEMENT OF APPRENTICES IN BANKS UNDER APPRENTICESHIP ACT, 1961

Shri T C Gupta, IAS, Principal Secretary, Coordination & Monitoring, Finance & Planning, Govt of Haryana, had covered this issue in detail in his key-note address to the house where-in he informed the house that under Saksham Yuva Scheme, Govt of Haryana has enrolled post graduates of Haryana and have been assigned the work of providing financial literacy too. He further informed that as per Notification from DFS, GoI banks can engage apprentices and each and every branch has to adopt one Saksham Yuva as apprentice which is mandatory as per Appreticeship Act, 1961, in terms of which every establishment including banks also have to cover 2.5%


of strength and with maximum of 10% of the employees. If Sakshams are taken as apprentices, minimum wages of Rs 8500/- per month will be paid as decided to semi-skilled labour in Haryana out of which Rs 1,500/- will be borne by the Govt of Haryana which will be reimbursed to the State Govt by Govt of India.

After long deliberations on the issue, Dr Sangapure ED PNB said that the issue of engaging apprentices under Apprenticeship Act be taken up with IBA and after hearing from them further course of action be taken in the matter.


ITEM NO. 29.1 CREDIT FLOW TO MINORITY COMMUNITIES UNDER PRIME MINISTER’S 15-POINT ECONOMIC PROGRAMME

The house reviewed the progress of various banks in the State of Haryana regarding credit flow to minority communities and it was observed that YOY growth remained at 1% only, though amount advanced to minority to total advances remained at 9% and the same was also appreciated by Shri T C Gupta, IAS, Principal Secretary, Coordination & Monitoring, Finance & Planning, Govt of Haryana, in his key-note address.

ACTION: BANKS

ITEM NO. 29.2 DATA ON MINORITY COMMUNITIES IN IDENTIFIED DISTRICTS OF MEWAT AND SIRSA & OTHER MINORITY CONCENTRATED DISTRICTS OF HARYANA

Lead District Managers of above minority community concentrate districts were requested to review the progress in DCC/DLRC meetings and make concerted efforts to increase the financing to minority communities in their respective districts.

ACTION: BANKS/LDMsITEM NO. 30 FINANCIAL ASSISTANCE TO WOMEN BENEFICIARIES

The house was informed that advances to women beneficiaries witnessed an increase of Rs 2452 crore from Rs 16186 crore as at June 2016 to Rs 18638 crore as at June 2017 and YoY growth remained at 15.15%, which was considered satisfactory by the house.Minutes of 141st Meeting of SLBC Haryana held on 11.08.2017 Page 34

ACTION: BANKS/LDMs

ITEM NO. 31 BANKING PLANS FOR AREA BASED SCHEMES FOR INVESTMENT IN AGRICULTURE

The house also reviewed progress under banking plan for identified activities i.e. dairy, underground pipeline, laser land leveler and sprinkler irrigation for the financial year 2017-18 and %age achievement was only 6%, 1% and 8% respectively in these segments. The bankers were advised to increase their portfolio under these segments also.

ACTION: BANKS/LDMs

ITEM NO. 32 PROVIDING KISAN CREDIT CARDS (KCCs) TO ALL THE ELIGIBLE & WILLING FARMERS

The house was informed that the number of KCC outstanding as on 30.06.2017 is more than the number of farmers in the State and the difference may be on account of issuance of more than one KCC to a farmer family depending upon the land ownership in the Revenue Record provided by the farmer to the lending institution.

ACTION: ALL BANKS/LDMs

ITEM NO. 33 PROVIDING OF RUPAY DEBIT-CUM-ATM CARD TO KISAN CREDIT HOLDERS

It was observed that out of 2049927 eligible KCC holders, banks have issued only 732027 Rupay ATM ie only 36%. It was also observed that HARCO Bank has maximum KCC holders ie 1200878 but they have issued only 6678 Rupay Debit-cum-ATM cards. MD HARCO Bank was advised to ensure that Rupay debit cards are issued to all eligible at the earliest.

ACTION: ALL BANKSITEM NO. 34 PROGRESS UNDER UPLOADING OF EQUITABLE

MORTGAGES ON THE PORTAL OF CERSAI

The house was informed that banks are uploading the position of equitable mortgage on the side of Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI).


ACTION: BANKS/SLBC

ITEM NO. 35 HANDLOOM WEAVER MUDRA PORTAL

The house was informed that Weaver MUDRA Scheme is available only for handloom weavers. The bankers were advised to ensure that weavers’ identity card issued by the Office of Development Commissioner for Handlooms for State Government is invariably enclosed with the loan application and in case handloom weaver does not possess weavers’ identity card, the same may be issued by the State Govt subject to proper verification.

Controlling heads of banks/Department of Industries & Commerce Haryana were requested to advise their field functionaries to ensure compliance of these guidelines.

ACTION: ALL BANKSITEM NO. 36 RECOMMENDATIONS OF THE REPORTS OF THE COMMITTEE

FOR STRENGTHENING THE NEGOTIABLE WAREHOUSE RECEIPTS (NWRs) BY WDRA IN THE COUNTRY – DATA REPORTING BY BANKS TO SLBCs

The house was informed under pledge finance against Negotiable Warehouse Receipts (NWRs) in the State of Haryana as at June 2017 banks have financed 184 units amounting to Rs 52067 lakhs.

ACTION: BANKS/LDMs/SLBCITEM NO. 37 CHARGING UNIFORM FEES BY BANKS FOR LEGAL OPINION

While deliberating upon the issue of charging uniform fees by banks for legal opinion, the house was informed by Joint Director, Agriculture Deptt. Haryana that after getting approval from competent authority that Rs 1100/- should be fixed on uniformity basis their Deptt has written to Deptt of Legal Remembrance, Govt of Haryana which will apprise the development in this regard shortly.

ACTION: SLBC/AGRICULTURE DEPTT

ITEM NO. 38 APPOINTMENT OF INDEPENT DISTRICT COORDINATORS (DCOs) BY BAKS


During his key note address, Shri Dhesi, Chief Secretary, Govt of Haryana also took up this issue in detail and instructed controlling heads of banks to ensure that independent DCOs are appointed and branch Managers are not designated as DCOs.

ACTION: CONCERNED BANKS

V O T E O F T H A N K S

Dr M P Singh, Chairman, Sarva Haryana Gramin Bank, Chandigarh expressed thanks to everybody present for positive and healthy discussions held during the 141st SLBC meeting. He also thanked Shri D S Dhesi, IAS, Chief Secretary, Govt of Haryana, Shri T C Gupta, Principal Secretary, Coordination & Monitoring, Finance & Planning, Govt of Haryana; Shri Devender Sigh, IAS, Principal Secretary, Electronics, IT & Civil Aviation Department, Govt of Haryana; Shri Ashok Sangwan, IAS, Director, Industries & Commerce, Govt of Haryana; Shri Sanjeev Verma, IAS, Director, Social Justice & Empowerment, Haryana; Ms Rachna Dikshit, General Manager, RBI, Chandigarh; Shri Arun Shukla, Chief General Manager, NABARD, Regional Office, Haryana; Dr B M Padha, General Manager, PNB, Head Office, New Delhi; Ms Kiran Lekha Walia, Financial Advisor, IF&CC, Haryana; Shri A K Dargan, Zonal Manager, Punjab National Bank, Haryana Zone & Convener, State Level Bankers’ Committee, Haryana. He also thanked Dr Ram S Sangapure, Executive Director, PNB & Chairman and all dignitaries on the dais for providing valuable guidance and for spontaneous resolution of the related issues reviewed. He thanked bankers and Govt officials for their active deliberations in the meeting and also thanked media persons for covering the deliberations of the meeting.

- - - - - - - - - -LIST OF PARTICIPANTS OF 141st MEETING OF SLBC HARYANA HELD ON 11.08.2017

S.NO S/SHRI/SMT. DESIGNATION INSTITUTIONCHIEF GUEST

1. D.S. Dhesi, IAS Chief Secretary Govt. of HaryanaCHAIRMAN

2. Dr. Ram S. Sangapure Executive Director

Punjab National Bank


SENIOR OFFICERS OF CENTRE/STATE GOVT.

3. T.C. Gupta, IAS Principal Secretary

Finance & Planning, Govt. of Haryana

4. Devender Singh, IAS Principal Secretary

Electronics, IT & Civil Aviation, Govt. of Haryana

5. Ashok Sangwan, IAS Director Industries & Commerce, Govt. of Haryana

6. Sanjeev Verma, IAS Director Social Justice & Empowerment, Haryana

RBI/NABARD/NATIONAL HOUSING BANK

7. Rachna Dixit GM RBI, Chandigarh8. V.S. Randhawa AGM RBI, Chandigarh9. Arun Shukla CGM NABARD, RO, Haryana

10. Surender Singh DGM NABARD, RO, HaryanaCONVENER BANK

11. Dr. B.M. Padha General Manager, PS & FI Div.

PNB, HO

12. A.K. Dargan Zonal Manager, PNB & Convener, SLBC, Haryana

PNB

13. S.D. Sharma Chief Manager PNB14. Dinesh Arora Sr. Manager PNB15. Ramesh Papneja Manager PNB16. V.K. Kamra Manager PNB17. Pawan Gera Dy. Manager PNB

PUBLIC SECTOR BANKS18. Rajesh Mundra AGM Allahabad Bank 19. Mandeep Manager Allahabad Bank20. Shaik Hussain DGM Andhra Bank21. Sachin Singh AM (RD) Andhra Bank22. R.S. Maan AGM Bank of Baroda23. R.K. Mahajan DZM Bank of India24. Vinay Sharma Manager Bank of India25. R.S. Bansal ZM Bank of Maharashtra26. Shweta Shukla Nodal Officer Bank of Maharashtra27. P. Kiran AGM Canara Bank28. Rajiv Ranjan SM Canara Bank29. B.N. Jha AGM Central Bank of India


30. Amritesh SM Central Bank of India31. Ved Prakash Sharma AGM Corporation Bank32. Priyabarta Panda SM (Agri) Corporation Bank33. Keshav Ram DGM Dena Bank34. Nikhil Kumar AM Dena Bank35. Sandeep Kumar Gupta DGM Indian Bank36. A.K. Loothra CRM Indian Overseas Bank37. Tarun Gupta Manager IDBI 38. A.K. Singla DGM Oriental Bank of Commerce39. Rajinder Singh CM Oriental Bank of Commerce40. Parvin Raghavendra DGM State Bank of India41. S.L. Malhotra Chief Manager State Bank of India42. H.C. Gupta DGM Punjab & Sind Bank43. Sayantan Adhikary Manager Punjab & Sind Bank44. I.S. Baluja DGM Syndicate Bank45. Vijay Singh Manager Syndicate Bank46. Nitin Saini Manager UCO Bank47. Ramanand Ram AGM Union Bank of India48. Atul Dhiman Manager Union Bank of India49. Sanjay Chaudhary DGM United Bank of India50. Neeraj Khanna DGM Vijaya Bank51. Prahlad K. Jha SM Vijaya Bank

PRIVATE SECFTOR BANKS52. Gokulesh Suri SM Axis Bank53. Ritesh Kumar BSE Bandhan Bank Ltd.54. Neha Sharma Manager Catholic Syrian Bank55. Sunil Kumar DVP & RH Federal Bank56. Santosh Kumar Gupta RZM Federal Bank57. Arjun AM Federal Bank58. Jyoti Vohra Nodal Officer HDFC Bank59. Lalit Batra Circle Head HDFC Bank60. Sourabh Jerath RH ICICI Bank61. Arun Sharma RM ICICI Bank62. Lalit RH IndusInd Bank Ltd.63. R.L. Rania Asstt. Nodal Officer J&K Bank64. Jayaprakash Sr. Branch Manager Karnataka Bank


65. Vikas Dy. Manager Kotak Mahindra Bank Ltd.66. Harjot Gill AVP Kotak Mahindra Bank Ltd.67. Srishti BM South Indian Bank68. Anupreet Kaur CSDL Yes Bank Ltd.69. Dinesh Trikha BM Ratnakar Bank Ltd.70. Vikas Kumar SRMPA Ratnakar Bank Ltd.

COOPERATIVE BANKS71. Satbir Sharma MD HARCO Bank72. Yeshvir Singh Manager HARCO Bank73. S.M. Vig Addl. Secretary HSCARDB74. Abhinandan Sawhney CM Equitas Bank Ltd.

REGIONAL RURAL BANK75. Dr. M.P. Singh Chairman Sarva Haryana Gramin BankCENTRAL/STATE GOVERNMENT DEPARTMENTS & OTHER INSTITUTIONS

76. Kiran Lekha Walia Financial Advisor IF & CC, Haryana77. Anand P. Srivastva GM SIBDI78. Amit Singhal ADG UIDAI79. Mohit Kaul AGM National Housing Bank80. Sanjeev Nehra JGM HUDCO81. Rachna Tripathi Asstt. Director MSMEDI Karnal82. S.S. Nijhar Sr. Horticulture Officer National Horticulture Board83. Jagraj Dandi Jt. Director Agriculture & Farmers’

Welfare Deptt., Haryana84. Rangi Ram ASO Agriculture & Farmers’

Welfare Deptt., Haryana85. J.D. Kapoor Jt. Director Industries & Commerce

Deptt., Haryana86. Vivek Gulati Asstt. Director Industries & Commerce

Deptt., Haryana87. Krishan Kumar Asstt. Industries & Commerce

Deptt., Haryana88. Hameshwar Dayal Project Officer Rural Development Deptt.89. Baleshwer Prashad Asstt. Director KVIC90. Yoginder Katyal Sr. AV KVIB91. Jatin Garg Loan Recovery KVIB9. Hakam Singh Dy. Director Social Justice &

Empowerment93. Sanjeev Verma Supdt. Revenue & Disaster

Management Deptt.94. Suresh Tech. Director NIC


95. Virender Yadav Ex. Eng. Housing Board, Haryana96. Dinesh Sharma AMD SUDA (NULM)97. Durga Dass Garg SRO HSCFDC98. Dr. Rajvir Bhardwaj Joint Director Planning Deptt.99. Dr. J.S. Panghal Joint Director Planning Deptt.

100. Jagdish Jalandhri Dy. Director Planning Deptt.101. Ashok Kakkar Nodal Executive PNBCRDT102. Abhishek Manager Bajaj Allianz GIC Ltd.

LEAD DISTRICT MANAGERS103. Naresh Singla LDM Ambala104. Kuljeet Singh LDM Bhiwani105. I.M. Sharma LDM Faridabad(Syndicate Bank)106. R.C. Nayak LDM Gurugram107. S.R. Soni LDM Fatehabad108. B.K. Dhingra LDM Hisar109. Leela Dhar Sharma LDM Jahjjar110. Mithilesh Kumar Jha LDM Jind111. R.K. Kataria LDM Kaithal112. Rajinder Malhotra LDM Karnal113. Hari Singh Gumra LDM Kurukshetra114. Satya Parkash Singh LDM Mewat115. S.D. Pathak LDM Narnaul116. S.D. Arya LDM Palwal (OBC)117. S. L. Paul LDM Panchkula118. Rakesh Verma LDM Panipat119. Kamal Singh LDM Rewari120. N.K. Bansal LDM Rohtak121. M.P. Sharma LDM Sirsa122. Man Mohan Sharma LDM Sonepat123. H.N. Singh LDM Yamuna Nagar


ABSENTEESS.NO. NAME OF BANK/ DEPARTMENT1. National Commission for SC/ST2. HARTRON3. Horticulture Deptt.4. Welfare of SC and Backward Classes5. Haryana Backward Classes Kalyan Nigam6. CERSAI7. Land Records8. CSC9. ICICI Lombard GIC Ltd.10. Nainital Bank Ltd.11. Karur Vyasa Bank Ltd.

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Meetings Haryana/Minutes of... · Web viewThe bankers were advised to ensure that weavers’ identity card issued by the Office of Development Commissioner for Handlooms for State