61ST STATE LEVEL BANKER’S COMMITTEE MEETING CM wants 100% financial inclusion by March 2020 Bankers

Gangtok, 24 Jul:

The 61st State Level Banker’s Committee Meeting was held in the conference hall of ChintanBhawan today. The Chief Minister who was to be the chief guest of the programme could not attend the meeting due to urgent engagements, however, Cabinet Ministers KungaNima Lepcha, LokNath Sharma, ArunUpreti, Dr Mani Kumar Sharma along with the Chief Secretary AK Shrivastava were present on the occasion, an IPR release informs.

Chief General Manager- State Bank of India, Ranjan Kumar Mishra; General Manager-Reserve Bank of India (Gangtok), RV Sangvai; General Manager-NABARD (Gangtok), RTshering; Regional Manager-SBI, Aftab Ahmed Mallick and representatives of various banks were present. Head of Departments, officials and the press attended the meeting as well.

GM RBI, MrSangvai expressed his happiness and delight at the presence and participation of the Cabinet Ministers and their interest in the financial affairs of the state.

He said that while main branches have access to digital portal certification, he would look into all branches to have the same facility but also keep in mind the suggestions put forward by the Ministers in catering to those illiterate and in need of services and help with technology.

Chief General ManagerSBI, Mr Mishra, talked about the limitations faced by the banking institutes but he also expressed that banks empower an individual to make a difference in the lives of the general public.

He put forth the various economic developments that have happened in the region and also stated that connectivity is a major problem faced by banks.

He informed that they have held co-ordination meetings and discussions with network companies like BSNL for better functioning of the banks.

The Chief Secretary read out the Chief Minister’s message, which included his apology for not being able to attend the programme due to pressing engagements. He thanked the Committee for giving him the opportunity to be a part of it.

The Chief Secretary conveyed that the Chief Minister feels that focus should be given in achieving 100% financial inclusion by the end of March 2020.

The substantial improvement in CD ratio from 40.9% to 47.1% in the financial year 2017–2018 to 2018–2019 will eventually stand at 79.5% after taking credit from outside the state, it was informed.

In his message, the Chief Minister expressed his gratitude and acknowledged the banks for their tremendous work in providing credit linkages to the Self-Help Groups with the help of SRLM in the North, East and NERLP in the South and West Districts which have further enhanced the agriculture-related activities.

The Chief Minister relayed through the message that he would like to call upon all bankers to inculcate the habit of banking through awareness at the grass-root level and that banks should focus on organizing Financial Literacy Camps at School/College levels, indicating that students play a vital role in the progress of our country through digitization.

A 29-page agenda paper containing information and details of the annual credit plan was distributed, the release mentions.

Addressing that meeting, the Chief Secretary expressed his pleasure at the presence of the four Cabinet Ministers on the occasion, despite the Chief Minister’s absence. He asked the gathering to give a standing ovation to the Ministers who had readily displayed attendance in the programme.

The Ministers also addressed the meeting wherein they put forth their suggestions.Regional Manager SBI, MrMallick answered queries made during the session by the Chief Secretary and other Ministers regarding various schemes.

Principal Director-cum Secretary (FS&AD),Khorlo Bhutia responded to agriculture-based schemes and plans while Commissioner (RMDD), P Senthil spoke on the various Self-Help Group schemes and banking facilities provided by the department.

The afternoon session included a meeting of the SLBC with the Chief Secretary, where the points that were highlighted in the morning session was talked over in detail, keeping in mind the annual credit plan.