Sub-committee to monitor DBT for LPG in Odisha

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Bhubaneswar: With the Centre introducing Direct Benefit Transfer for LPG (DBTL), the State Level Bankers Committee (SLBC) in Odisha on Saturday decided to constitute a sub-committee for smooth implementation and proper monitoring of the scheme.
 
This was decided at the 133rd SLBC meeting presided over by executive director of UCO Bank S Chandrasekharan.
 
As DBTL has been rolled out in four districts – Puri, Cuttack, Khurdha and Bolangir – in first phase for the State from November 1, the SLBC felt that its implementation should be properly monitored in order to make the scheme a success.
 
The meeting attended by senior state and central officials, NABARD, RBI and heads of all Banks in the state, resolved that all banks should follow the existing RBI guidelines on relief measures to be provided in areas affected by natural calamities in true letter and spirit.
 
A review by the committee on the performance of banks operating in the state said that CD ratio of Banks as a whole in the State was 89.13 per cent.
 
"The banks which have not achieved the CD ratio of National Parameter of 60 per cent were advised to achieve the same immediately," a release issued by the SLBC said.
 
The percentage of Priority Sector advances to total advance in Odisha is 56.27 per cent against the National Parameter of 40 per cent.
 
Commercial banks in Odisha have achieved all mandatory national parameters as on September 30, 2013.
 
On year to year basis, the deposit and advance have increased by 13.76 per cent and 34.70 per cent, respectively, they said, adding that total advance to agriculture sector in the state is Rs 25,378.85 crore, which is 30.47 per cent of total advance against the national parameter of 18 per cent.
 
Banks in Odisha have issued 5,29,213 Kisan Credit Cards (KCCs) for Rs 5,486.98 crore during the half year ending September 2013. Similarly they have financed Rs 26.65 crore to 3,768 Joint Liability Groups (JLGs) during the half year ending September, 2013.
 
Under Annual Credit Plan 2013-14, the achievement of Banks in all sectors up to Sept 30, 2013 was 85 per cent. "All banks were advised to ensure achievement of the Annual Target under ACP positively," it said.
 
All the banks have financed Rs 174.56 crore to 6,397 number of beneficiaries under education loan scheme during the half year under review.
 
Banks were advised to give more stress on financing the MSME sector for the development of the state.
 
However, the banks expressed concern over the poor recovery performance, particularly government sponsored schemes.

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