Jamshedpur, Nov 29: Sub divisional magistrate Dhalbhum Sandeep Kumar Meena reviewed with banks on the cash deposit ratio being less than 40 per cent.
Assistant General Manager Reserve Bank of India Ranchi Naveen Adarsh, DDM NABARD Siddharth Shankar, Lead District Manager Diwakar Sinha and district coordinators of all the banks of the district were present in the meeting. During the review, the Sub-Divisional Officer directed all the banks to increase their credit flow and give KCC loans to more and more farmers. He said that timely credit linkage should be done to the women of Self Help Groups run by JSLPS. Instead of returning the pending applications of government sponsored schemes like PMEGP, PM Svanidhi, Dairy, Fishery etc. they should look at the possibilities of accepting them and help needy people financially make them self-reliant, the banks should discharge their responsibility properly, the CD ratio increases automatically.
He said that every day till December 28, 2021, camps are being organized by the Jharkhand government at the panchayat level in the blocks and at the municipal level in the city, in which banks are ensuring their presence as much as possible for more loan applications.
DDM NABARD suggested to the banks to increase the ticket size of agricultural loans by properly following the scale of finance in KCC loans. He said that apart from KCC, banks should also come forward in agriculture sector, farm sector, agri infrastructure fund, animal husbandry. He suggested to do KCC through Joint Liability Group (JLG) which is more secure for the banks.
AGM Reserve Bank suggested on the high number of KCC application returns that it would be better to discuss the reason for the return, if the number of returns will be reduced automatically if the basis on which the applications have been approved so far is made aware of the members.