The Hindu Business Line : Ernakulam Collector holds bankers’ meet

The Ernakulam District Collector reviewed the performance of all banks and government departments in connection with the priority sector lending and disbursements under government sponsored schemes and other poverty alleviation programmes implemented by the Government.

At the district-level review and consultative committee meeting, the Collector, Dr M. Beena, complimented the bankers for the excellent achievement of the district credit plan especially the performance under agriculture sector, which was in tune with the national priorities.

Commenting on the performance under SSI sector, she said that the bankers had to introspect and ensure that all the sectors get due importance and targets are achieved.

She expressed happiness over the 91 per cent level of CD ratio achievement of the district. She advised the bankers to have a proper check on the quality of advances so that the avowed objective of ensuring the end result can be achieved.

She also complimented the bankers in their handling of the education loan portfolio and achieving the sanction level of Rs175 crore during the year and requested to maintain the same tempo in the coming year.

A special mention was made by the District Collector to address the waste management of the city and requested the bankers to have a common awareness. She also called upon the bankers to explore the possibility of having stand alone waste management units/practices.

Mr V.I. Mathew, DGM, Union Bank of India, dwelt upon the runaway inflation levels of the nation and the possible withdrawal of liquidity due to the increase in repo rates and the CRR announced by RBI.

Mr Antony John, AGM, RBI, briefed on the salient features of the agricultural debt waiver and debt relief scheme announced by the Central Government and being implemented by the banks. He requested the bankers to carefully implement the scheme and try not to include any ineligible cases or exclude eligible accounts in the scheme.

The sector wise review of the district credit plan was undertaken by Mr A.V.V. Subramanian, AGM, Nabard, Ernakulam. Although overall targets under DCP was achieved, there is a need for giving extra thrust in ensuring the sub sector targets are achieved in toto, specially the MSME sector.

Mr Baskaran, President, Alangad Block Panchayat, requested all possible help for the smooth implementation of the NREGS and for reduction of interest rates on farmers’ loans.

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