He was speaking at a meeting held at Taluk Panchayat here on Thursday to review the performance of the lead banks in the implementation of Credit Plan and government sponsored schemes in the Dakshina Kannada District.
Mr Shenoy said the credit deposit ratio of the district is 57 as at March 2011. There is increase in deposit by 14% and advances by 15% on year-on-year basis, he said.
As part of government of India direction 213 villages should be selected for providing banking business through business correspondents in the district through Technical Service Provider. Of these, 32 villages were already covered by bank branches, said Mr Shenoy adding that the villagers will be provided with a bio-metric card which identifies the thumb impression. He said, “This helps operation of SB accounts for receiving money under Pension schemes and wage payment under MGNREGP by the villagers without going to branches”
He said as per the Reserve Bank of India (RBI) directions, Financial Literacy and Credit Counselling Centre has been opened in the district which will take responsibility of educating the people in rural areas on various aspects of banking activities.
Mangalore MLA U T Khader raised voice against the hurdles faced by the students to get education loans from the banks. Responding to his claim, M S Hasan, LDO from RBI said that those students, who have faced misbehavior and problems by the banks, should report it Lead Bank Manager of the District.
Mr Hasan clarified no collateral surety is need for education loan up to Rs 4 lakh and urged the officials to abide by the rules.
Hemanth Bhide, Lead District Chief Manager, Syndicate bank, Executives and District Coordinators from Banks took part in the meeting.
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