Banks disburse Rs 4662 crore to agriculture and other priority sectors in Ludhiana District by June-end, 2013

Ludhiana, August 21, 2013: Additional Deputy Commissioner (D) Kanwalpreet  Kaur Brar, while presiding over District Level Review Committee meeting/ District Credit Consultative meeting attended by District Co-ordinators of the banks and officials of the other Government Departments/ Agencies intimated that banks of the district disbursed Rs 4662 crore  to agriculture and other priority sectors against a target of Rs 3259 crore during the quarter ending June 30 this year.

She also informed that for agriculture and allied activities, Rs 2278 crore were disbursed against a target of Rs 1557 crore.

She further informed that to industry sector comprising MSME segments and large industries, disbursement of Rs 1486 crore was made against a target of Rs.1082 crore.

Brar instructed the official of banks to give priority to sanction and disburse DRI loans for the upliftment of Poor and Down Trodden Sections of the society, so that they can gain self employment and stand on their foot.

It was informed that Punjab and Sind Bank is running Rural Self Employment Training Institute at Master Tara Singh College Complex to impart training to the children living below poverty line.  She said that training for dairy farming, Computer (Hard ware and Soft ware), Stiching and Tailoring, Electrical repair, Motor winding and Boutique is imparted free of cost. Till now training institute as imparted training to 1,351 beneficiaries comprising 45 courses. Out of which 792 beneficiaries have gained employment. 

Brar also stated that Punjab and Sind Bank is running Financial Literacy and Credit Counselling centres for the benefits of the public.

ADC (D) warned the officials of the private banks that if they do not full fill the targets fixed for Government Sponsored Scheme for disbursement of credit to Social  and Down Trodden People, appropriate action will be taken  against the erring officials and the matter will also  be taken with the Reserve Bank of India.  Brar appealed to the citizens of the districts to ensure that their Aadhar Cards are linked with Bank Account, so that subsidy on LPG gas and other government schemes can be credited to their banks accounts. She directed bank officials to give due publicity by organising camps for enlightenment of the citizens.

Brar intimated under SGSY scheme different department have constituted 1335 Self Help Group, out of which 763 groups have taken loans from the banks. She said that Dairy Development Department has got financed 52 small Dairy Units and 18 commercial dairy units with loan of Rs 607 lakh.

Meeting was attended by Jagjit Singh Bhalla Zonal Manager Punjab & Sind Bank Ludhiana, H S Sawhney Lead District Manager L K Jojra representative of RBI, Nalin K Rai DDM NABARD, Jeet Singh Director R-SETI Punjab and Sind Bank Ludhiana and C S Sodhi Counsellor FLC Ludhiana, besides District Co-ordinators of  Banks and other government officials.