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Manipal : The Quarterly meeting of District Level Review Committee for Banking in Udupi district was held on Thursday, 21^st December at the Dr. V. S. Acharya meeting hall, Zilla Panchayat, Rajathadri here under the Chairmanship of Sri Shivanand Kapasi, Chief Executive Officer, Zilla Panchayat, Udupi district.

Delivering key note address Sri S. S. Hegde, Deputy General Manager, syndicate Bank, Regional Office Udupi informed that during the IInd quarter, total deposits of the Banking Sector in the district stood at Rs. 21530 Crores registering a Y-O-Y growth of 13.51% and total advances stood at Rs. 10730 crores with Y-O-Y growth of 8.68% as on 30^th September 2017 with CD ration of 49.84%.

By the end of the second quarter of the year 2017-18, Banks disbursed loans to the extent of Rs. 3667 crores against the annual target of Rs. 7340.02 crores, thus recording 50% achievement. Of this Rs. 1337 crores is disbursed to Agriculture sector, Rs. 911 crores was disbursed to Micro and Small and Medium enterprises, Rs. 43.11 crores to Educational sector, Rs 219.22 crores to housing and Rs 310.73 crores is disbursed to other priority sector. Thus the total disbursal under Priority sector was Rs. 2820.75 crores (43%) as against annual target of Rs 6520.10 crores. Rs. 845.95 crores was disbursed to non priority sector against a target of Rs. 819.92 crores.

Out of the advances outstanding in the district, the share of credit for the up-liftment of the Weaker sections (SC/ST, SF/MF SHG DRI Government Schemes etc) was 820.11 crores covering 84640 beneficiaries. As at the end of the review period, 45717 beneficiaries belonging to Minority Communities have been financially assisted to the extent of Rs. 974.29 crores.

Further, the number of women financed by banks stood at 137655 with an outstanding amount of Rs 2425.78 crores, which was 22.60% of the total advances.

The total amount of education loans disbursed during the quarter was Rs. 28.07 crores covering 2742 students.

Presinting the progress under Special focused Scheme LDCM, Francis Borgia informed the house that, under the Kisan Credit Card scheme 215.18 crores disbursed upto the quarter end covering 20011 cardholders.

Sr. S. Ramesh, AGM(DD), NABARD reviewed the implementation of the District Credit Plan during the second quarter of financial year 2017-18 and advised the banks to concentrate on lending more under priority sector. Sector as the progress is not satisfactory. He also touched upon NABARD assisted Schemes and Training Programme for Branch Heads of Group mode of Fiancing.

Sri Shivand Kapasi, CEO, Zilla Panchayat udupi Chairperson of the Committee reviewed the progress under various government sponsored scheme. He informed the house about various government sponsored schemes implemented through various government departments such as Rajiv Chaithanya Yojana, PMEGP, CMEGP, SULM, NULM, NRLM, etc. and appreciated the progress of the schemes and hoped that with good cooperation and coordination between bankers and government departments, it will not be difficult to show better performance during this financial year.

Sri Francis Borgia, Lead District Chief Manager, being the convener, conducted the meeting and requested the branches and departments in conduct of campaigns in view of special drive for financial inclusion and thanked all the members.

Large number of bankers and officials were present during the meeting.