Bankers are requested to furnish monthly data on NPAs to GM, DIC to organise a facilitation meetings in the presence of LDM for timely interventions to reduce sickness in the industry and to arrest erosion of net worth of Industrial Enterprises. Constitute a Sub-Committee to address the issues and to come up with suitable measures for increasing the credit flow to MSMEs including coverage of loans under CGTMSME and to reduce sickness in the Industry. (Action: All Banks & GoAP) 12.0 Government Sponsored Schemes: The forum has approved the revised targets under PMEGP & additional targets under TRICOR for implementation as suggested by KVIC & TRICOR. Convenor, SLBC observed that some of the Government departments are approaching SLBC / DCC for approval of upward revision of targets till the end of financial year. This will result the banks in non achievement of targets and resulting in lower performance when compared to revised targets. Principal Secretary, Social Welfare Department informed that to bring all the welfare programmes on to a common platform and align the welfare schemes to achieve desired goals, Government has developed a portal and given access to all branches to enter sanction details. He observed that the performance is not up to the expected levels. He requested the banks to; Extend necessary finance to eligible sponsored beneficiaries. Ensure that bank accounts are opened to facilitate subsidy release Department is planning to complete grounding of all welfare scheme for the financial year 2017-18 by December end. LDMs have informed that; Some of the beneficiaries are requesting for change in activity, whereas portal is not allowing to change the units. Non-service area beneficiaries were uploaded in the portal by MPDOs. Need provision to enter sponsored applications in the ratio of 1:1.5, so that branches can sanction loans as per the target. Requires provision to increase / decrease the unit cost based on the requirement in service sector activities. Convenor, SLBC requested the banks to advise their branch managers to invariably attend the joint identification process for selection of beneficiaries. Principal Secretary, Social Welfare Department informed that beneficiary can change the unit with same unit cost.
Bankers are requested to furnish monthly data on NPAs to GM, DIC to organise a facilitation meetings in the presence of LDM for timely interventions to reduce sickness in the industry and to arrest erosion of net worth of Industrial Enterprises. Constitute a Sub-Committee to address the issues and to come up with suitable measures for increasing the credit flow to MSMEs including coverage of loans under CGTMSME and to reduce sickness in the Industry. (Action: All Banks & GoAP) 12.0 Government Sponsored Schemes: The forum has approved the revised targets under PMEGP & additional targets under TRICOR for implementation as suggested by KVIC & TRICOR. Convenor, SLBC observed that some of the Government departments are approaching SLBC / DCC for approval of upward revision of targets till the end of financial year. This will result the banks in non achievement of targets and resulting in lower performance when compared to revised targets. Principal Secretary, Social Welfare Department informed that to bring all the welfare programmes on to a common platform and align the welfare schemes to achieve desired goals, Government has developed a portal and given access to all branches to enter sanction details. He observed that the performance is not up to the expected levels. He requested the banks to; Extend necessary finance to eligible sponsored beneficiaries. Ensure that bank accounts are opened to facilitate subsidy release Department is planning to complete grounding of all welfare scheme for the financial year 2017-18 by December end. LDMs have informed that; Some of the beneficiaries are requesting for change in activity, whereas portal is not allowing to change the units. Non-service area beneficiaries were uploaded in the portal by MPDOs. Need provision to enter sponsored applications in the ratio of 1:1.5, so that branches can sanction loans as per the target. Requires provision to increase / decrease the unit cost based on the requirement in service sector activities. Convenor, SLBC requested the banks to advise their branch managers to invariably attend the joint identification process for selection of beneficiaries. Principal Secretary, Social Welfare Department informed that beneficiary can change the unit with same unit cost.
198th%20SLBC%20Minutes.docx