The 136thmeeting of State Level Bankers’ Committee (Punjab) to review the performance of banks for the period ended March-2016will be held on 12.05.2016 at 10.30A.M. at Hotel Mount View, Sector 10, Chandigarh. Following issues shall be taken up for discussion in the meeting:-
Item No.1 / Confirmation of minutes of 135thmeeting of State Level Bankers' Committee (Punjab) held on 26.02.2016Last Meeting of SLBC / 135th
Held On / 26.02.2016
Minutes e-mailed /Circulated On / 17.03.2016
Comments Received / NIL
The House may confirm the emailed/circulated minutes.
Item No. 2 / Pradhan Mantri Jan Dhan Yojana, Activation of Rupay Card, Monitoring of Zero Balance Accounts & Appointment of Bank Mitras & Status of Micro ATMs .Punjab State has been declared as Saturated under Pradhan Mantri Jan Dhan Yojana, the flagship programme of Govt. of India, which envisages, Accidental Insurance of ` 1 lac, Life Insurance cover of`30000/-, Issuance of Rupay Debit Card to every account holder.
Highlights of achievement under PMJDY scheme as on date are as under:-
No. of Accounts opened / 4798005No. of Rupay Debit cards issued / 4431517 (92.36%)
No. of Rupay Debit Cards activated / 3145851 (70.99%)
No. of Zero Balance accounts / 876951 (18.28%)
Aadhar seeding / 3652898 (76.13%)
The House may deliberate.
Item No. 2(i) / Pradhan Mantri Jan Dhan Yojana, Issue and Activation of Rupay CardsDepartment of Financial Services, Ministry of Finance, Government of India vide communication dated 7th December 2015 has informed that only 32% of the Rupay cards are active. Activation of Rupay Debit Cards is necessary to get the insurance claim under the Rupay Card. The Rupay card needs to be swiped in an ATM or POS machine within 90 days prior to the date of incident resulting in accidental death/permanent disability. The reasons for some cards not having been activated have been reviewed by MoF and these may be:
a)Cards lying in bank branches not yet delivered to the account holders.
b)PINs lying in banks or in Post Offices not yet delivered to the account holders.
c)Account holders being unaware that even if no money is to be withdrawn from the account, the card needs to be swiped every 90 days to keep the insurance cover alive. This is relevant even in zero balance PMJDY accounts.
Ministry of Finance has already advised to organize Rupay Card distribution meetings at each branch of the bank, from 19.12.2015, where steps would also be taken to activate the already distributed Rupay Cards. During the deliberations in the 135th meeting of SLBC held on 26.02.2016, while reviewing the progress, it was resolved that all the
Member banks will take steps for activation of Rupay cards and LDMs will review the progress in each DCC/DLRC meeting.
Member Banks were further requested to create awareness for activation of Rupay cards among their customers through SMS or other electronic and print media as customers are not aware that ATM card must be swiped every 90 days to keep the insurance cover alive.
During the deliberations in the 1st meeting of Steering Committee to SLBC held on 27.04.2016, the following decision/suggestion was taken:
Banks in thestate have been able to activate 71% of the Rupay Cards issued against the target of 80% set by Ministry of Finance to be achieved by March 2016. In view of the fact that Rupay cards have to be swiped once within 90 days to keep the insurance cover alive, member banks were requested to take all steps for activation of Rupay Cards.
Controlling heads of Banks having Lead Bank responsibilities in the State of Punjab, are requested to ensure that necessary steps as desired by MoF and decisions taken in the meetings of 135th SLBC/1stSteering Committee are undertaken for increasing activation of Rupee Debit Cards.
Item No. 2(ii) / Pradhan Mantri Jan Dhan Yojana, Monitoring of Zero Balance AccountsOut of total 4798005 accounts opened, 876951 accounts (18.28%) still show zero balance.
During the deliberations in the 1st meeting of Steering Committee toSLBC held on 27.04.2016, it was suggested that the Bank Mitra can bevery helpful in bringing the number of Zero Balance accounts, down.
Controlling heads of Banks in the State of Punjab are requested to ensure that services of Bank Mitras are utilized to bring the number of Zero Balance further down
Item No. 2(iii) / Pradhan Mantri Jan Dhan Yojana (PMJDY)- Appointment of Bank Mitras & Status of Micro ATMs , Verification Calls by Executives of State Call Centers/SLBC/LDMs to Bank Mitras.For universal access to banking facility, Bank Mitras have been deployed in areas allocated to banks by SLBCs. As advised by banks, 2330 Bank Mitras/BC Agents have been deployed by the banks in the State to provide various type of banking services to the customer under PMJDY.
The bank wise position in Appointment of Bank Mitras & status of Micro ATM is given at Annexure 1{Page 88}for information of the house.
During the deliberations in the 1st meeting of Steering Committee to SLBC held on 27.04.2016, the house was apprised that the success of all the social security schemes will depend upon appointment of Bank Mitras.
Ministry of Finance has conducted a survey. Feedback received suggested that Bank Mitrassometimes are not available in the allotted SSAs/villages. To ascertain/verify the availability of Bank Mitras, it has been decided that executives of call centers will make verification calls to each Bank Mitra/BC Agent working in their respective States. In state of Punjab, Call Centre/LDMs are submitting information about working/non working of Bank Mitras on weekly basis. Besides Convener Bank is also making verification calls to Bank Mitras/BC Agents. The feedback received from all the three is collated on regular basis and shared with Banks for taking necessary corrective action.
Non working of Bank mitras at locations allotted is depriving population therein of banking facilities and defeating very purpose of Financial Inclusion. Controlling head of the banks whose Bank Mitras are not working, are requested to inform the house of latest position regarding deployment and time line for completing the task.
Bank-wise detail of Inactive/not working Bank Mitras is as under:-
Name of the Bank / Bank Mitras not workingas on 27.04.2016
SBOP / 58
P&SB / 11
OBC / 28
Allahabad Bank / 6
Andhara Bank / 1
BOB / 9
BOI / 16
BOM / 1
Canara Bank / 4
Indian Bank / 4
IOB / 4
SBI / 44
IDBI / 4
IndusInd Bank / 1
Sutlej Gramin Bank / 2
Punjab Gramin Bank / 15
Total / 208
During deliberations in 1st meeting of Steering Committee held on 27.04.2016:-
The banks were advised to replace the Inactive/non working Bank Mitras on urgent basis. Further in order to monitor the working of Bank Mitras they were requested to make regular calls to them.
Member banks were requested to keep convener bank informed of the changes if any in contact details of Bank Mitras and ensure that Bank Mitras are operational in all the locations.
Micro ATMs have been provided to 1582 against the 2330 Bank Mitras in the State of Punjab. Member Banks were requested to ensure to provide Micro ATM to all the Bank Mitras.
The house may deliberate.
Item No. 3 / Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) & Atal Pension Yojana (APY)As per the announcement in the Budget speech of 2015, two insurance schemes namely Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and a new pension scheme called Atal Pension Yojana (APY) were launched to move towards creating a universal social security system for all Indians especially the poor and the under-privileged.
In PMSBY, any person between the age of 18-70 years can subscribe to the scheme and the annual premium is ` 12/- per annum whereas in PMJJBY, any person between the age of 18-50 years can subscribe to the scheme and annual premium is ` 330/- per annum.
Department of Financial Services, Ministry of Finance, Govt. of India, vide their letter dated 28.12.2015 have informed that the last date for enrolment under PMJJBY(without self-certificate of good health) has further been extended from 30.11.2015 to 31.05.2016.
Further, Ministry of Finance has clarified that the last date for enrolment has also been extended beyond 30.11.2015 in PMSBY and there is no requirement of certificate of good health in PMSBY.
Under the Atal Pension Yojna Scheme (APY), depending upon their contributions, the subscribers, under the age of 40, would receive the fixed monthly pension of `1000 to ` 5000 at the age of 60 years. Ministry of Finance has recently amended Atal Pension Yojana (APY) to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber. After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till the age of 60 years of the subscriber.
Highlights of the achievement under all the three schemes in the state of Punjab are as under:-
Name of the scheme / Achievementas on 31.03.2016
PMJJBY / 567994
PMSBY / 3038569
APY / 83418
The Bank wise progress in respect of all the three schemes is as per Annexure-2.{Page 89}
During the deliberations in the 1st meeting of Steering Committee to SLBC held on 27.04.2016, the house showed its concern over slow progress under APY scheme of Ministry of Finance. Shri Arun Sharma, Chairman, Punjab Gramin Bank, apprised the house that they have tapped unorganized workers and Pvt. Schools to substantially increase enrolment under the scheme. As a result many workers/teachers have subscribed to the scheme.
Member Banks are requested to continue to make all efforts to create awareness and access under PMJJBY,PMSBY and APY to bring larger sections of the population within ambit of these social security schemes.
Item No. 4 / Pradhan Mantri MUDRA Yojana (PMMY)Micro Units Development and Refinance Agency Ltd (MUDRA) was launched by Hon’ble Prime Minister on April 8, 2015 as a new financial entity, for developing and refinancing last mile financial intermediaries like Banks, NBFCs, MFIs etc., who are in the business of lending to smaller of the micro enterprises in manufacturing, trading and service sector.
This priority is essential to enable growth and income generation amongst the hitherto unfunded or underfunded segments of our economy. Lending under MUDRA will focus on the unfunded segments of the Micro enterprises by granting the loans under three categories:-
Shishu : Loans up to `. 50000
Kishore: Loans above `. 50,000 and upto `.5.0 lakh
Tarun : Loans above `. 5.0 lakh and upto `.10.0 lakh
Ministry of Finance has advised all PSBs to classify all the loans extended to non-farm enterprises in manufacturing, trading and services up to `10.00 lakh on or after 8th April 2015 as MUDRA loans under PMMY.
Ministry of Finance has further advised that the overdraft amount of `5000/- sanctioned under PMJDY is also to be classified as MUDRA loan under PMMY.
Bank wise targets under Shishu, Kishore & Tarun schemes were allocated by the Ministry of Finance. The bank wise targets vis-a-vis achievement is as per Annexure-3.{Page 90}
Consolidated position is as under:-
Targets / AchievementNo. of beneficiaries / Amount
(in thousands) / Achievement
%age
32671581 / 343589 / 27195453 / 72
During the deliberations in the 1st meeting of Steering Committee to SLBC held on 27.04.2016,Member Banks were requested to chalk out strategy from start of each month and take steps for not only achieving the targets but to surpass them convincingly in this year.
The house may deliberate.
Item No. 5 / Mapping of Industrial Training Institutes (ITIs), Vocational Training Partners (VTPs), Operational Centres (OCs) – Spread of Financial Literacy.In order to impart financial literacy to the participants in training programs under skill development at various Operational and Vocational Training centres and ITIs operating in the State of Punjab, Ministry of Finance has desired that all these centres be mapped with the Financial Literacy Centres operating in the State. Convener Bank has already got mapped all the 501Industrial Training Institutes (ITIs), Vocational Training Partners (VTPs), Operational Centres (OCs) with the FLCs and the bank wise list has been sent to the respective banks. Member banks having control in these FLCS were requested to ensure to organize financial literacy meetings in these vocational training centers/it is/OCs in coordination with the District Administration where a significant numbers of people can be covered for financial inputs as desired byDepartment of Financial Services, Ministry of Finance.
During the deliberations in the 135th meeting of SLBC held on 26.02.2016, the house was apprised of the guidelines of DFS wherein procedure to be followed for spreading the Financial literacy has been prescribed. Banks were requested to ensure printing and distribution of FL material as per the specifications, for smooth implementation of the financial literacy initiative. The progress in conducting of camps in skilling centre is as under:-
No. of Skilling Centres mapped / No. of camps organized / No. of Trainees participated501 / 315 / 24758
(District wise position is as per Annexure-4) {Page 91}
Member banks are requested to ensure that the FLCs of their bank are conducting camps in skilling centers as per the guidelines of Ministry of Finance.
Item No. 6 / Providing of Banking Services in villages having no banking facilities with in 5 KM.Ministry of Finance has identified 2 villages in the State of Punjab, where there are no banking facilities within 5 Kms. The name of identified village of is appended below:-
Sr.No. / District / Sub District / Block / Village1 / Rupnagar / Rupnagar / Rupnagar / Majri
2 / Firozpur / Jalalabad / Guru Har sahay / Nau baram
Convener Bank has already requested LDMs of the concerned district for taking up the matter with the respective bank (whose service area, the said identified village falls in) for filling the gaps through bank mitra or branch or ATM network immediately. We have been informed by the LDMs that the villages identified in Ropar district falls in the service area of Federal Bank and village of Ferozepur District is in the service area of State Bank of Patiala.
During the deliberations in the 1st meeting of Steering Committee to SLBC held on 27.04.2016,the representative of State bank of Patiala in whose service area village Nau baram in Ferozepur District falls was requested to provide the banking facility at this centre immediately. Controlling head of Federal Bank was requested to provide banking facility at village Majri in Ropar District.
Controlling heads of these banks are again requested to provide the banking services in these villages immediately.
Item No. 7 / Implementation of DBT in Kerosene.Department of Financial Services, Ministry of Finance, Govt. of India, vide their e-mail dated 28th January,2016 has informed that Ministry of Petroleum & Natural Gas, as per the decision of Government of India has decided to implement DBT in Kerosene in 33 districts in 9 States w.e.f. 1st April, 2016. 3 Districts namely Tarn Taran, Pathankot and Mohali have been identified for implementation of the DBT in Kerosene in the State of Punjab.
Convener Bank has already requested the Lead District Managers of these districts to assist the State Government and District Collectors for seeding the bank accounts in the database of kerosene beneficiaries for smooth implementation of DBT scheme.
Member banks are requested to instruct the branches of their banks to seed the bank accounts of kerosene beneficiaries for smooth implementation of DBT scheme in these districts.
Item No. 8 / Telephone Connectivity- Issues faced by Banks/ Bank Mitras.The issue of low connectivity in some of the areas as reported by LDMs/Banks was taken up by Convener Bank in the meeting with TSPs of Punjab LSA on regular basis under the Chairmanship of Director-II TERM Punjab. Out of 93, 92 issues of connectivity have been resolved. DOT has instructed M/S BAL, M/S ICL and M/S Idea to provide connectivity at remaining location namely Sarti in Pathankot district. However none of them could provide the same. SLBC has now advised LDM Pathankot to move for VSAT based connectivity proposal immediately.
Member Banks are requested to inform the connectivity problem if any to the Convener bank so that the same can be taken up with the concerned department for resolution.
Item No. 9 / Pradhan Mantri Fasal Bima Yojana.Agriculture employs nearly half of the employed people in the country. The security and well being of farmers is thus of prime importance to the progress of the country. It is with this in mind that the Pradhan Mantri Fasal Bima Yojana was launched on 13 January 2016.
During the deliberations in the 1st meeting of Steering Committee to SLBC held on 27.04.2016, the representative of Department of Institutional Finance & Banking informed the house that State Govt. has refered the matter for implementation of Pradhan Mantri Fasal Bima Yojana with certain amendments to Ministry of Finance, Government of India and reply from the Government is awaited.
This is for information of the house.
Item No. 10 / ‘Start-up India’- ‘Stand up India’ Programme of Ministry of Finance.Hon’ble Prime Minister in his address to Nation on Independence Day had launched ‘Start up India’ programme which envisages as under:-
“There are 1.25 lakh branches of banks in the country and every branch must resolve to disburse loans for start-ups to the tribals in the locality where there is any tribal habitation, and where there is no tribal habitation, the branch can provide the loans to a dalit, give financial support to them thus 1.25 lakhs dalit entrepreneurs will come up. Banks may formulate special schemes for this purpose.
In this context, RBI has advised that the above programme to disburseloans for start-ups to the tribal/dalit/women entrepreneurs through bank branches in alignment with and complementary to their existing instructions to increase credit flow to the Micro sector and their Priority Sector Lending guidelines. Convener Bank has already reiterated the instructions of MoF/RBI to all the member banks for making advance under these segments.
The position in 'Start up India' in respect of State of Punjab as on 31.03.2016 is as per Annexure-5. {Page 92}
Member Banks are again requested to give more thrust for making advances to tribal/dalit/women entrepreneurs through each of their branches.
Item No. 11 / Status report of issues flagged in the 135thmeeting of SLBC held on 26.02.2016 Issues raised & latest Status
Item No. 12 / Roadmap-Provision of banking Services in Villages having Population below 2000
Total 10132 unbanked villages in the above population segmentwereallocated to variousbanks in the state. A monitoring and review mechanism has been instituted by DCCs to periodically assess and evaluate the progress made in allotment of villages and achieving the target indicated in the roadmap including the quality of services provided by the banking outlets. Banks in the State of Punjab have covered 10126 villages up to 31.03.2016. The progress is as per Annexure-6.{Page 93}