Performance of schemes in Changlang reviewed

MIAO, Feb 22: The District Consultative Committee of Changlang district reviewed the performances of various government-sponsored schemes at Miao on February 15 under the chairmanship of ADC T Mara and attended by RBI, NABARD and SBI officials. An official statement today informed that it was observed that as against a target of 60 per cent, CD ratio it was 23.54 per cent in the district. However, the district has surpassed targets under priority sector lending, agriculture lending and the lending for weaker sections. Achievement under priority sector lending was 47.99 per cent against a target of 40 per cent, achievement under agriculture lending was 23.15 per cent against a target of 18 per cent and achievement under weaker section was 35.11 per cent against a target of 10 per cent. Achievement under Annual Credit Plan 2010-11 as on December 31, 2010 was 235.68 lakh against a target of 444 lakh which was 53 per cent of ACP. Performance under Government sponsored programmes was not satisfactory as only 17 proposals against 35 proposals under PMEGP was sanctioned as on December 31. Dibrugarh SBI AGM advised that not a single application under PMEGP should be retained by banks since last date for receipt of loan application was February 16. He also advised that banks should take a pivotal role in promotion of SHGs. Further, against a target of 200 nos. of KCCs, only 69 KCCs have been issued so far. Under SHGs, against a target of 11 SHGs, the performance so far is nil. RBI AGM S Sarkar advised the banks to achieve 100 per cent ACP as on March 31 2011. He also advised that the philosophy of financial inclusion be propagated vigorously to achieve more financial inclusion. The banks indicated that they are in the process of engaging Business Correspondents in the village having population more than 2000 and have opened 2411 no frill accounts in the district. NABARD Manager S Mazumder requested the ADC to explore the formation of SHGs in the district by adopting micro-finance vision of the State. Besides, NGOs and banks may act as a SHPI for promotion of SHGs. He also advised that Government of India, NABARD, RBI have accorded priority for issuance of KCCs and also made KCC hassle free. Therefore, banks should cover all the eligible farmers under KCC and form more numbers of farmers clubs for access to credit, technology and market. The LDM and Branch Managers were hopeful of achieving the targets under various parameters by March 31, 2011.