Himachal Pradesh

ECONOMIC SURVEY

2019-20 (PART –III)

CHAPTER - 3INSTITUTIONAL AND BANK

FINANCES

Lead Bank responsibility – 3 banksPNB (6 districts) - Kangra, Kinnaur, Kullu, Hamirpur, Una ,Mandi (Nemonic – KKK, HUM)UCO (4 districts) - Shimla, Solan, Sirmour, Bilaspur(Nemonic – SSSB)State Bank of India (2 districts) – Chamba, Lahaul-Spiti

Convenor Bank of State Level Bankers Committee (SLBC) - UCO Bank

Total bank branches in H.P. - 2,191 ; 77 percentbranches are functioning in rural areas

Only Urban Centre in the State classified by RBI –Shimla.

52 new bank branches opened during October 2018 to September 2019.

Average population per branch in the State (as per census 2011) - 3,156

National level - 11,000

PSBs - 1,168 branches (53 percent branches in the state) ; PNB (338) > SBI (324) > UCO (173)

Private Sector Banks - 175 branches ; HDFC (67) > ICICI (32)

Regional Rural Bank (RRB) sponsored by PNBnamely Himachal Pradesh Gramin Bank – 265 branches

Co-operative Sector Banks - 545 branches

State apex Co-operative Bank - Himachal Pradesh Co-operative Bank (HPSCB) - 217; Kangra Central Co-operative Bank - 217 branches.

HPSCB - first state cooperative on the National financial switch through which the customers of the bank can get ATM facilities Nation wide and Providing Anywhere money transfer facilitiesthrough RTGS/ NEFT

Number of Bank branches:Highest – Kangra (419) Lowest - Lahaul-Spiti (23)

At present, banks have extended 58.37 percent of their total loans to

the Priority Sector Activities .

Agriculture loans have proportion of 18.85 percent in total loans extended by Banks as of September, 2019 as against National Parameters of 18 percent set by RBI.

Sl. No. Sector Percentage of

advances as on

30.09.2018

Percentage of

advances as on

30.09.2019

National Parameter in

Percentage

1. Priority sector advances 61.60 58.37 40

2. Agriculture advances 18.74 18.85 18

3. Advances to weaker sections 17.20 24.37 10

4. Advances to women 6.98 7.03 5

5. DRI Advances 0.02 0.01 1

6. C.D. Ratio (Throat) 47.46 44.33 60

7. MSME Advances(PSC) 40.45 41.63 -

8. Advances to SC/ST (PSC) 10.91 9.05 -

9. Advances to Minorities (PSC) 1.83 1.07 -

PRADHAN MANTRI JAN DHAN YOJANA (PMJDY)

12.28 lakh PMJDY Accounts.

MICRO INSURANCE SCHEMES

1. PRADHAN MANTRI SURAKSHA BIMA YOJANA-(PMSBY):

Accidental death cum special ability cover of `2.00 lakh(`1.00 lakh for partial permanent special ability) to all the saving bank account holders in the age group of 18 to 70 yearspremium - 12.00 per annum per subscriber and renewable from 1st June every year.

PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA-(PMJJBY)

renewable one year life cover of 2.00 lakh to all the saving bank account holders in the age group of 18 to 50 years, covering death due to any reason for a premium - 330.00 per annum per subscriber and renewable from 1st June every

year.

MICRO PENSION SCHEME

ATAL PENSION YOJANA (A.P.Y.)

Unorganized sector and it provides subscribers a fixed minimum pension of 1,000, 2,000, 3,000, 4,000 or 5,000per month starting at the age of 60 years, depending on the contribution option exercised on entering at the age between 18 and 40 years.

Central Government contribution - 50 percent of the total contribution or `1,000 per annum, whichever is lower for a period of 5 years for those subscribers which are not member of any statutory social security scheme and are not income tax payers.

State Government contribution - 50 percent of the total contribution by the subscriber or `2,000 whichever is lower.

PRADHAN MANTRI MUDRA YOJANA (MUDRA – Micro Units Development and Refinance Agency Bank):

Micro enterprises whose credit needs are below `10.00 lakh (MUDRA loans)

Banks in Himachal Pradesh have sanctioned fresh loans to the tune of `425.19 crore to 17,562 new micro entrepreneurs under the Scheme in the current financial year 2019-20 up to period ending September, 2019.

STAND-UP INDIA SCHEME (SUIS)

Aims to encourage entrepreneurial culture among unserved and underserved segments of the society represented by SC, ST and women.

The Scheme facilitate loan from Banks between `10.00 lakh and `1.00 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST).

Banks have sanctioned `188.05 crore to 983 new enterprises set up by SC/ST and Women entrepreneurs under the scheme up to September, 2019.

MARKET SHARE

Public Sector Banks (PSBs) -67 percent

RRB - 4 percent

Private Banks - 9 percent

Co-operative Sector Bank - 20 percent.

IMPLEMENTATION OF GOVERNMENT SPONSORED SCHEMES

National Rural Livelihood Mission (NRLM)

For promoting poverty reduction through building strong institutions of the poor, particularly women and enabling these institutions to access a range of financial services and livelihoods services.

The scheme implemented in the State through HP State Rural Livelihood Mission (HPSRLM), Rural Development Department, Government of Himachal Pradesh

Pradhan Mantri Employment Generation Programme (PMEGP)

(PMEGP) is a credit linked subsidy programme administered by the Ministry of Micro, Small and Medium Enterprises, Government of India.

Khadi and Village Industries Commission (KVIC) is the nodal agency at national level for implementation of the scheme.

In the state Scheme is implemented through KVIC, KVIB and District Industries center

Kisan Credit Cards

To provide adequate and timely credit support from the banking system under a single window to the farmers to meet the short-term credit requirements for cultivation of crops and other needs.

Banks have financed total 4,25,588 farmers under KCC scheme with amount of `6,902 crore up to September 2019.

Rural Self Employment Training Institutes (RSETIs)

RSETIs are an initiative of Ministry of Rural Development (MoRD) to have dedicated infrastructure at district level to impart training and skill up gradation of rural youth geared towards entrepreneurship development.

The Lead Banks i.e. UCO Bank, PNB and SBI have set up Rural Self Employment Training Institutes (RSETIs) in 10 districts of the State (except in Kinnaur and Lahaul and Spiti districts).

CHAPTER 6Price Movement and Food

Management

Analysis of Economic Survey Continues in coming Videos….

Thanks for watching