1 AGENDA FOR THE SECOND MEETING OF THE SUB COMMITTEE OF SLBC ON IMPLEMENTATION OF RECOMMENDATIONS OF THE WORKING GROUP ON IMPROVEMENT OF BANKING SERVICES IN HP TO BE HELD ON 24.01.2008 TO BE CHAIRED BY SHRI RIPAN MURGAI, GENERAL MANAGER, HP & CONVENOR- HPSLBC S. Recommendations made by the Working Group on Action Points emerged on 11.12.2007 and Progress reported upto date by the members No. Improvement of Banking Services in HP etc. 1 Banks may initiate some pilot projects for exploiting ACTION POINT FOR NABARD biotechnology potential in the State, for which State Regional Office NABARD HP may please prepare the model project reports and report Government has taken recent initiatives. the progress to the Sub Committee during the next meeting proposed to be held on 15.1.2008.
Convenor Bank Comments:
NABARD has not yet reported any progress. NABARD may please apprise the house of progress made in the matter till date. 2 Each bank branch should adopt one farmers’ club to help the farmers in their economic activities and financial decisions. The RRBs should replicate the successful implementation of hi-tech horticulture/floriculture in other parts of the State ACTION POINT FOR NABARD Regional Office, NABARD will send the scheme for formation of Farmers Clubs to all the banks in the State and assist the banks at each district level through the DDMs.
Convenor Bank Comments:
We have received the copy of the scheme and are in process of disseminating the same to our branches. However we have already instructed all our branches to implement the scheme and form at least one Farmers Club. NABARD may please apprise the committee of action taken to get the scheme implemented by all the member banks in the state. ACTION POINT FOR ALL BANKS All Banks working in the State will implement the decision of the SLBC regarding formation of atleast one Farmer Club by each branch of the bank. Convenor, SLBC will reiterate the decision of the SLBC.
Convenor Bank Comments:
We have already requested all the member banks to instruct their branches to form at least one club by every branch and report the progress. NABARD may please ensure monitoring o f the progress on regular basis. ACTION POINT FOR DIRECTOR SOCIAL JUSTICE AND WOMEN EMPOWERMENT The Director Social Justice and Women Empowerment may evolve the strategy for involvement of Anganwari workers and inform RBI regarding the same. For which Committee shall send a letter to RBI requesting them to take up the matter as one of the
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The banks may carry out survey to identify eligible households who have not yet availed bank credit and should target covering such households within a period of 3 years. The targets should be monitored by Controllers of banks periodically.
2 Agenda item for Sub-Committee formed on Government side.
Convenor Bank Comments:
We have already taken up the matter with the respective Secretaries to the Govt. of HP and are waiting for their response in the matter. The RBI may also take up the matter with the state Govt. authorities. ACTION POINT FOR PNB & SBI Both the banks may inform the Sub Committee of the action taken and villages identified for adoption.
Convenor Bank Comments:
KCCB has reported adoption of two villages. Both PNB and SBI may please inform the names of villages adopted by them. ACTION POINT FOR RBI SHIMLA. The RBI Shimla may take up the matter with the State Govt. authorities and the Departments mentioned above.
Convenor Bank Comments:
6 The RBI may inform the committee of action taken in the matter. The Credit Counselling Centre has been set up by ACTION POINT FOR PNB/SBI/SBOP/HPSCB/KCCB UCO Bank at Shimla to make farmers aware about All these banks will report the progress to the Sub Committee on or before 15.1.2008. their financial rights and responsibilities. The major Convenor Bank Comments: banks should open such centres in other districts of UCO, SBI and PNB have already started the centers. Committee may discuss and the State either individually or with pooled resources. consider the progress made so far. However the KCCB and HP State Cooperative bank are in the process and have to seek the approval from their Boards but have agreed to the proposal in principal. The State Level Bankers’ Committee (SLBC) ACTION POINT FOR UCO/PNB/SBI/SBOP/CBI/HPSCB/KCCB Convenor bank of the State with the help of other All the Regional Heads of these Banks will confirm and report the progress to the Sub major public sector banks and State Government may Committee on or before 15.1.2008. conduct an awareness campaign of the various Convenor Bank Comments: financial products and recovery of banks’ dues. All major banks have are conducting the awareness camps throughout the
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state. All member banks have been requested to make it the on going process and SLBC may review the progress from time to time whenever felt necessary. As such the issue may be dropped from the report.
8 There is no clearing house facility available at Amb and Mehatpur towns of Una district through branches of 5 banks are functioning. Steps may be initiated by Lead Bank to set up clearing houses at these places ACTION POINT FOR GM, RBI, SHIMLA The GM RBI, Shimla may take up the matter with PNB and SBI and report the progress to the Sub Committee on or before 15.1.2008.
Convenor Bank Comments:
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3 after taking into consideration the volume of cheques The RBI may please apprise the committee of progress made so far in the matter. handled. The Kangra Central Coop. Bank Ltd., HP State Coop. ACTION POINT FOR HPSCB/KCCB/HGB Bank Ltd. and Himachal Gramin Bank may also take All these banks will report the progress made to the Sub Committee on or before up at least one district each on pilot basis for IT based 15.1.2008. financial inclusion like the commercial banks. Convenor Bank Comments: KCCB has reported that they will be taking up KULLU district after approval from their Board of Directors. Chairman HGB may please inform the house about taking up of one district for the purpose. Monthly pensions and other Govt. payments can be ACTION POINT FOR CONVENOR SLBC disbursed through business correspondents (like post The Convenor SLBC will take up the matter in the next SLBC meeting for deliberation offices/NGOs/SHGs/unemployed youth) by using and decision of the committee. biometric access smart card operated through a Convenor Bank Comments: “Hand Held Device” which involves cost of smart It has been decided during the 109th SLBC meeting that a special SLBC meeting may be cards and capital investment on devices. The major called for the purpose and the issue will be addressed by the SLBC henceforth. banks operating in the districts may workout the Hence the issue may be dropped from the report. feasibility of the scheme and Government may consider bearing the initial cost. Suitable training programme should be designed as This is part of item No. 10 and as such may be dropped from the report. part of capacity building of SHGs to be used as business facilitator/correspondents of banks. Both the RRBs in the State should computerize their ACTION POINT FOR HGB & PGB operations with the help of their Sponsor banks. The Chairmen HGB and PGB will send a status report to the Sub Committee on our before 15.1.2008.
Convenor Bank Comments:
PGB has reported that 15 out of 28 branches have already been computerized and the process is going on. HGB may apprise the committee of the status as on date. The committee may consider the progress and views of the banks. Since the matter is under active consideration of the banks and is a part of their policy hence the same may be dropped from the report. 15 HGB has been allocated 11 districts out of 12 districts of the State covering most of the industrial towns. They should expedite financing of micro enterprises. ACTION POINT FOR CHAIRMAN HGB The Chairman HGB will report the latest status to the Sub Committee alongwith the strategies for the same on or before 15.1.2008.
Convenor Bank Comments:
4 The Chairman HGB may please apprise the house of the progress. Since the progress is being reviewed by Empowered Committee On SMEs as well as Empowered Committee On RRBs as such the committee may consider and drop the issue from this report.