n Comparative Data of Banks in HP
n Priority Sector Credit
n Government Sponsored Programme
n Rural Infrastructure
n Refinance Support
n Micro Credit
n Rural Non-Farm Sector
n Ground Level Credit Flow
have a great role to play in stimulating economic growth by strengthening
and other self employment activities etc. Banks are also credited with designing of social banking
policies and programmes which support vital sectors of the economy as well
as aim at poverty alleviation by benefiting number of farmers, artisans,
professionals and self employed.
3.2 The total number of bank branches in the State including the branches of Regional Rural/Cooperative Banks was 1117 as on September 2001. There are 19 Commercial Banks operating in Himachal Pradesh through a net work of 653 branches of which 639 branches are located in rural areas. SBI, PNB, UCO and SBOP are the major Banks with 555 branches. There are two Regional Rural Banks in the state, namely, Himachal Gramin Bank and Parvatiya Gramin Bank with HGB having 103 branches and PGB 27 branches thus bringing the total number of commercial bank branches to 783.
3.3 The Himachal Pradesh State Cooperative Bank Ltd. is an Apex bank under short-term credit structure. It has a network of 128 branches in six districts of H.P. viz; Shimla, Kinnaur, Bilaspur, Mandi, Sirmaur and Chamba. There are two central cooperative banks in the State namely Kangra Central Cooperative Bank Ltd.(KCCB) and Jogindra Central Cooperative Bank Ltd.(JCCB) while KCCB with 138 branches operates in five districts viz; Kangra, Hamirpur, Kullu, Una and Lahaul & Spiti, JCCB with 20 branches covers Solan district.
The achievements made by these banks upto September,2001 are as
the end of September, 2001 the Pure Public Deposit(PPD) of
banks covered under the lead bank scheme in H.P. stood at Rs.
10047.12 crore and the total out standing advances
amounted to Rs.2840.80 crore.
The deposit of banks have registered an increase of Rs. 1543.68
crore (18.15%) and total advance increased by Rs. 553.20 crore
(24.18%) during the 2nd quarter of the year. As a result
of more credit expansion the
credit deposit ratio of banks in H.P. have increased to 28.3% as on
September,2001 from 26.9% as on Sept.,2000.
the banks functioning in the state have disbursed total fresh credit to
the tune of Rs.418.83 crore upto 2nd
quarter ending Sept., 2001 against
an annual commitment of Rs.764.97crore, representing 54.75 percent
achievement. The sector wise progress is given below:-
credit coverage under the priority sector depicts an achievement of 48.39
% upto the end of Sept., 2001. The achievement under the SSI was
significant as 40.36 % funds
were utilised upto the 2nd
quarter of the current financial year.
Minister Rojgar Yojna
in Himachal have sanctioned 1,130 loan cases under this scheme upto
September,2001 against the target of 3,000 loan cases. In total 802.02
lakh rupees were sanctioned
and 499.72 lakh rupees were disbursed under this programme upto
Jayanti Gram Sewa Rojgar Yojna
3.7 Under this scheme, 2726 cases of individual Sewa Rojgari were received in the banks, out of which 1922 proposals were sanctioned with an amount of Rs.549.14 lakh and 1,663 proposals with an amount of Rs.446.69lakh were disbursed upto the end of September,2001 . Under group financing scheme 259 group loan cases with an amount of Rs.345.37 lakh were sanctioned and Rs. 270.27 lakh were disbursed to 248 groups upto September,2001.
Jayanti Shahri Rojgar Yojna
3.8 The SJSRY urban poverty alleviation and employment generation scheme is implemented by Municipal bodies in all towns of H.P. The convener bank has received a target of 236 units under USEP and 57 units under DWACRA for 2001-2002.
for Liberation and Rehabilitation of Scavengers
3.9 The banks in H.P. have sanctioned 160 loan cases with an amount of Rs.54.03 lakh under this scheme upto September,2001 and 154 cases have been disbursed an amount of Rs.52.88 lakh.
Besides above, 179 cases with an amount of Rs. 1003 lakh have been
sanctioned under KVIS margin money scheme upto September,2001 disbursing an
amount of Rs.901.00 lakh to 172 cases.
The National Bank for Agriculture and Rural Development (NABARD)
had strengthened its association with the developmental process
substantially for integrated rural development in the recent years by
initiatives encompassing a wide range viz Watershed Development, Rural
Infrastructure, Micro Credit, Rural Non-Farm Sector, Minor Irrigation,
besides strengthening the rural credit delivery system in the state. The
heightened and active support from NABARD is generating tremendous social
and economic benefits in the rural areas of the state.
Government of India had created Rural Infrastructure
Development fund(RIDF) in 1995-96. Under this scheme, loans are given to
State Governments and State owned Corporations for the completion of
on-going projects as also to start new projects in certain selected
sectors. This scheme has also been extended to Panchayati Raj
Institutions, Self help groups and Non-Government Organisations for
development of various location specific infrastructures having a direct
bearing on society and the rural economy.
Financial assistance of Rs.531.26 crore has been sanctioned to the
H.P Government upto 31st Dec.2001
for taking up 2433 projects in the diversified sectors like Irrigation,
Roads and Bridges, Drinking
water supply, flood protection, water shed development, construction of
buildings for primary schools and schemes under information
technology like ‘Lokmitra’.
During the current financial year i.e 2001-2002, upto 31st
December an amount of Rs.76.95 crore has been sanctioned under RIDF and it
is expected to exceed Rs.150.00 crore by the close of the financial year.
The cumulative disbursement made to the State Government upto 31st
Dec.,2001 was Rs.292.36 crore.
After the implementation/completion of the sanctioned projects,
29635 hectares additional
metalled, construction of 3461 mt. Span bridges will
be done, flood protection to
2256 hectares of land, 133
villages will be covered under water shed projects, besides achieving
various Economic and social benefits. The roads and bridges to be
constructed under RIDF shall provide improved connectivity to 1812
villages of the state.
Financial support to banks for diverse activities viz Minor
Irrigation, Plantation and Horticulture, Farm mechanisation, Road
Transport, Land Development, Animal Husbandry, micro Credit, SGSY,Crop
Loans, rural non farm sector, is expected to increase from Rs. 89
crore in 2000-2001 to Rs. 104.00 crore in the current year and
reach Rs. 120.00 crore in 2002-2003. NABARD has been laying emphasis on
enhanced credit flow for irrigation and horticulture projects specially
for tea, medicinal and aromatic plantations.
The SHG movement has spread across the state except Kinnaur
district and is now on a firm base. The movement has been upscaled with
support in the human resources and financial products. Grant assistance of
Rs.3.43 lakh was extended to various agencies during the year for
strengthening the movement. There are more than 11000 SHGs operative in
the state promoted by Department of Social and Women Welfare and NGOs.
During the year, 1518 SHGs were credit linked as on 31st December 2001
with a bank loan of approximately Rs.3.00 crore. Cumulatively, 4291 Self
Help Groups have been credit linked with the banks. At present, 375 bank
branches are associated with micro credit movement. An amount of Rs. 5.00
crore has been extended as refinance assistance to the banks.
During the year, 7 Rural Entrepreneurship Development
Programmes(EDPs) were sanctioned for the benefit of rural youth intending
to set up small enterprises in the rural area, of which 5 REDPs have been
conducted upto 31st Dec.2001. The grant assistance of Rs.3.29
lakh was sanctioned for this purpose to NGOs and other professional
bodies. The activities like white metal jewellery, carpet weaving, cutting
and tailoring were covered.
District Rural Industries Project (DRIP) has been launched in Solan
district from April,2001 whereas Mandi district has been selected for
launching DRIP during the next financial year. The initiatives for
developing clusters in Solan, Kullu and Kangra districts were supported.
NABARD has formulated a potential linked credit Plan for 2002-2003
and has accordingly updated the 10th Five Year Plan. The credit
flow at the ground level during 2002-2003 has been assessed at Rs.980
crore. The credit flow was mainly under Agriculture and allied activities,
non-farm sector and other identified priority sectors.
3.20 NABARD continued to extend support to the rural financial institutions especially Co-operative Banks and Regional Rural Banks in the State
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