second meeting of state level financial...

SECOND MEETING OF

STATE LEVEL FINANCIAL INCLUSION

COMMITTEE, MADHYA PRADESH

15 SEPTEMBER 2016

The Minutes of 1st Meeting of State Level Financial Inclusion

Committee held on 2nd June 2016 was circulated to all concerned and

has been uploaded on website of SLBC www.slbcmadhyapradesh.in

and website of DIF of M.P Government www.dif.mp.gov.in. The

actionable points have been indicated for desired action.

No amendment/suggestion to the circulated minutes of the said

meeting has been received, so far. Therefore, the house is requested

to confirm and adopt the said minutes.

CONFIRMATION OF THE MINUTES

1st

SLFIC Meeting held on 02nd

June 2016

http://www.slbcmadhyapradesh.in/

http://www.dif.mp.gov.in/

AGENDA

» Formulation of strategies for Special drive on financial

inclusion initiatives from 15th September 2016 to 31st

October 2016.

» Ensuring timely payment of wages to MGNREGA workers

through Business Correspondents especially in Shahdol,

Anuppur & Umaria Districts.

» Progress under PMJDY

» Status of Business Correspondents

» Distribution of banknotes & coins through BCs.

» Financial literacy

» Pending applications under Sec. 14 of SARFAESI Act with

Dist. Administration

» Any other agenda with the permission of Chair

Special drive on financial inclusion initiatives from 15th

September 2016 to 31st October 2016.

» Pradhan Mantri Jan Dhan Yojana (PMJDY) national

mission on financial inclusion was launched on 28th August

2014.

» Subsequently other initiatives under financial inclusion have

been launched by the Government including Pradhan Mantri

Mudra Yojana (PMMY), Pradhan Mantri Jeevan Jyoti Bima

Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana

(PMSBY), Atal Pension Yojana (APY) and Stand Up India

(SUI).

» As these Schemes are Government’s initiatives towards

financial inclusion, it is felt necessary to accelerate the

momentum so that benefits as envisaged are realized.

Contd….



» Accordingly DFS, GOI has launched a Special drive on

financial inclusion initiatives from 15th September 2016 to

31st October 2016.

» Under this drive at least 3 events per district will be

organized during the period.

» DFS has advised to convene a special SLBC meeting to

chalk out detailed Programme for this drive.

» A two track strategy is proposed by DFS to be adopted.

Track 1 & Track 2

» Track 1 will focus on the following activities.

Contd….



TRACK-I ACTIVITIES

a) Aadhaar and mobile seeding of bank accounts

b) RuPay card /PIN distribution and activation

c) Facilitating aadhaar enrolment

d) Financial literacy videos

e) Increasing awareness about consumer induced transaction

under the RuPay Insurance Program 2016-17

f) Grievance redressal

g) Counseling and sensitization of BCs/Bank Mitras

h) Increasing awareness on the 6 schemes of the Department

viz. PMJDY, PMJJBY, PMSBY, PMMY, SUI and APY.

Contd….



TRACK-II ACTIVITIES

» Track 2 will lay emphasis on providing the necessary

handholding support to customers for credit linkage with a

special focus on Pradhan Mantri Mudra Yojana and Stand

Up India and increasing enrolments under social security

schemes i.e. PMSBY, PMJJBY & APY.

» The Collectors and LDMs will play a key role in the Special

Drive by providing local level coordination with Banks &

concerned agencies.

Contd….

PROPOSED DATES FOR THE

EVENTS

» The events will be organized in all 51

districts of the State.

» SLBC has proposed following dates for

the events

September: 20 & 22

October: 10, 12, 14, 17, 18, 19, 25 & 26

»District wise date is shown in the next slide

PROPOSED DATE FOR EVENTS

District Lead

Bank

Track-I Track-II

Campaign Campaign Campaign

Date-1 Date-2 Date-3Agar Malwa BOI 12/10/2016 19/10/16 26/10/16

Alirajpur BOB 22/09/16 10/10/2016 19/10/16

Anuppur CBoI 18/10/16 21/10/16 25/10/16

Ashoknagar SBI 22/09/16 14/10/2016 17/10/16

Balaghat CBoI 18/10/16 21/10/16 25/10/16

Barwani BOI 12/10/2016 19/10/16 26/10/16

Betul CBoI 18/10/16 21/10/16 25/10/16

Bhind CBoI 18/10/16 21/10/16 25/10/16

Bhopal BOI 12/10/2016 19/10/16 26/10/16

Burhanpur BOI 12/10/2016 19/10/16 26/10/16

Chhatarpur SBI 20/09/16 14/10/2016 17/10/16

Chhindwara CBoI 18/10/16 21/10/16 25/10/16

Damoh SBI 20/09/16 14/10/2016 17/10/16

Datia PNB 22/09/16 10/10/2016 19/10/16


District Lead

Bank

Track-I Track-II


Date-1 Date-2 Date-3Dewas BOI 12/10/2016 19/10/16 26/10/16

Dhar BOI 12/10/2016 19/10/16 26/10/16

Dindori CBoI 18/10/16 21/10/16 25/10/16

East Nimar BOI 12/10/2016 19/10/16 26/10/16

Guna SBI 20/09/16 14/10/2016 17/10/16

Gwalior CBoI 18/10/16 21/10/16 25/10/16

Harda SBI 20/09/16 14/10/2016 17/10/16

Hoshangabad CBoI 18/10/16 21/10/16 25/10/16

Indore BOI 12/10/2016 19/10/16 26/10/16

Jabalpur CBoI 18/10/16 21/10/16 25/10/16

Jhabua BOB 22/09/16 10/10/2016 19/10/16

Katni SBI 20/09/16 14/10/2016 17/10/16

Mandla CBoI 18/10/16 21/10/16 25/10/16

Mandsaur CBoI 18/10/16 21/10/16 25/10/16


District Lead

Bank

Track-I Track-II


Date-1 Date-2 Date-3Morena CBoI 18/10/16 21/10/16 25/10/16

Narsimhapur CBoI 18/10/16 21/10/16 25/10/16

Neemuch SBI 20/09/16 14/10/2016 17/10/16

Panna SBI 20/09/16 14/10/2016 17/10/16

Raisen CBoI 18/10/16 21/10/16 25/10/16

Rajgarh BOI 12/10/2016 19/10/16 26/10/16

Ratlam CBoI 18/10/16 21/10/16 25/10/16

Rewa UBI 22/09/16 10/10/2016 19/10/16

Sagar CBoI 18/10/16 21/10/16 25/10/16

Satna ALLAHA 22/09/16 10/10/2016 19/10/16

Sehore BOI 12/10/2016 19/10/16 26/10/16

Seoni CBoI 18/10/16 21/10/16 25/10/16

Shahdol CBoI 18/10/16 21/10/16 25/10/16

Shajapur BOI 12/10/2016 19/10/16 26/10/16


District Lead

Bank

Track-I Track-II


Date-1 Date-2 Date-3Sheopur SBI 20/09/16 14/10/2016 17/10/16

Shivpuri SBI 20/09/16 14/10/2016 17/10/16

Sidhi UBI 22/09/16 10/10/2016 19/10/16

Singrauli UBI 22/09/16 10/10/2016 19/10/16

Tikamgarh SBI 20/09/16 14/10/2016 17/10/16

Ujjain BOI 12/10/2016 19/10/16 26/10/16

Umaria SBI 20/09/16 14/10/2016 17/10/16

Vidisha SBI 20/09/16 14/10/2016 17/10/16

West Nimar BOI 12/10/2016 19/10/16 26/10/16

» The Chairman SLFIC is requested to advise Dist. Administration to convene a

meeting with LDM & the coordinator of other banks/stakeholders and map the

villages/Panchayats with the bank branch of their area.

» Such task to be completed before 17.09.2016

Strategies

suggested by

DFS

COMPONENTS TO TACKLE DURING THE EVENTS

» Aadhaar seeding in various categories of Bank accounts like Central

Government Pensioners by 31st October 2016, all operative SB accounts by 31st

March 2017, MNREGA accounts etc.

» Mobile seeding in bank accounts

» Arranging Aadhaar enrolment counter to facilitate customers, yet to be enrolled

for aadhaar.

» RuPay card distribution, Pins and activation with Provision of activation devices

(Micro ATMs)

» Orientation, counseling and sensitization of BCs/Bank Mitras to increase their

level of activity.

» Grievance redressal of public.

» Involvement of Financial Literacy Centers in educating the beneficiaries about

the benefits of Aadhaar seeding, RuPay Card usage, claims processing, on

sanction & availing overdraft, importance of savings etc. through videos of

financial literacy

» Awareness about consumer induced transaction under the RuPay Insurance

Program 2016-17

» Creating awareness on the 6 flagship schemes of DFS

Strategy 1: Field Unit Events

1. Media publicity and widespread awareness in advance through various

channels like

2. Newspaper advertisement,

3. Television ,Cinema

4. Radio

5. Display of banners/posters,

6. Distribution of pamphlets at branches,

7. SMS, telephonic contacts etc.

8. Sensitization of Branch staff and Pop up message on the computer

screen Sharing of District wise/branch wise pending list of pensioners

with branches to target individual pensioners and other customers for

Aadhaar Seeding

» Action for Publicity Sr. no. 1 to 4 may be undertaken by GoMP

» Action for Publicity Sr. no. 5 to 8 should be undertaken by Banks of

that district.

Strategy 2: Publicity and communication to the

account holders.

Strategy 3 : Incentivisation

Use of Services of marketing officers, BCAs

and staff members of the branch to be utilized

with incentivisation of Bank Mitras

Strategy 4: Enabling and simplifying multiple

channels for aadhaar and mobile seeding

Progress under Pradhan Mantri Jan DhanYojana

Particulars Position as

on

02.06.2016

(In crores)

Position as

on

07.09.2016

(In crores)

Growth

over

02.06.2016

Number of PMJDY Accounts 1.89 2.17 0.28

Balance held in the accounts 1754.00 1874.00 120.00

Number of Zero Balance

accounts

0.54 0.61 0.07

% of Zero Balance accounts 28.57 28.11 -0.46

Number of Aadhaar seeding 0.90 1.17 0.27

Aadhaar Seeding % 47.62 53.92 6.30

No. in LakhsTRACK-I: Bank wise Status PMJDY

Sr. No. Name of the Bank

Total no.

of A/cs

Opened in

PMJDY

Balance

held in

the A/cs

(In

Crores)

No. of

RuPay

Card

Issued

Aadhar

seeding

%

% of

Zero

Bal. A/cs

No. of

RuPay

Card

Activation

No. of

Mobile

seeding

1 Allahabad Bank 4.76 33.27 3.84 52.98 17.42 1.11 2.02

2 Andhra Bank 0.18 2.30 0.15 86.92 26.92 0.11 0.00

3 Axis Bank 0.27 4.22 0.23 45.91 40.14 0.18 0.19

4 Bank of Baroda 5.41 4.64 62.05 17.66 1.14 1.20

5 Bank of India 25.28 241.42 24.10 52.69 16.94 20.48 18.70

6 Bank of Maharashtra 2.19 5.23 1.90 65.72 21.87 1.90 0.97

7 Bharatiya Mahila Bank 0.04 0.37 0.04 72.78 14.69 0.03 0.00

8 Canara Bank 2.13 33.81 1.89 63.75 18.36 1.64 1.52

9 Central Bank of India 13.86 139.34 10.84 56.78 9.42 5.17 3.87

10 CMPGB 9.94 295.99 8.88 65.98 2.97 3.25 0.00

11 Corporation Bank 0.90 20.00 0.87 67.98 8.10 0.79 0.00

12 Dena Bank 1.06 8.96 0.99 69.02 29.30 0.59 0.54

13 HDFC Bank 0.73 6.27 0.73 47.87 32.70 0.46 0.65

14 ICICI Bank 1.83 6.85 1.83 51.56 45.41 1.83 0.00

15 IDBI 0.53 3.55 0.50 66.03 48.08 0.17 0.07

16 Indian Bank 0.37 3.03 0.37 56.10 35.25 0.31 0.87

No. in LakhsTRACK-I: Bank wise Status PMJDY

Sr. No. Name of the Bank

Total no.

of A/cs

Opened in

PMJDY

Balance

held in

the A/cs

(In

Crores)

No. of

RuPay

Card

Issued

Aadhar

seeding

%

% of

Zero

Bal. A/cs

No. of

RuPay

Card

Activation

No. of

Mobile

seeding

17 Indian Overseas Bank 0.59 7.71 0.58 38.73 32.03 0.30 0.00

18 MGB 7.38 67.20 5.05 58.86 45.49 0.60 0.00

19 NJGB 11.98 84.56 11.26 23.93 19.48 0.10 0.00

20 OBC 1.30 0.00 1.25 59.53 14.50 0.29 0.00

21 Punjab & Sindh Bank 0.39 9.96 0.36 69.36 0.17 0.29 0.10

22 Punjab National Bank 9.70 76.29 6.61 60.43 4.77 5.73 2.07

23 SBBJ 0.07 1.72 0.07 92.32 41.29 0.07 0.00

24 SB Travancore 0.01 0.13 0.00 43.03 6.70 0.00 0.00

25 State Bank of India 80.32 427.30 57.36 49.88 42.22 34.99 12.25

26 Syndicate Bank 0.96 42.50 0.74 68.24 23.00 0.22 0.11

27 Uco Bank 4.87 130.10 3.02 60.68 0.70 3.20 2.91

28 Union Bank of India 7.02 91.20 6.50 48.47 16.64 3.23 2.66

29 United Bank of India 0.23 13.96 0.15 66.89 21.91 0.13 0.22

30 Vijaya Bank 0.46 3.02 0.37 79.42 6.40 0.33 0.00

31 Others 23.03 114.02 11.22 1.45 0.00 0.00

Total 217.97 1874.28 166.51 53.92 27.80 87.75 50.93

No. in LakhsTRACK-I: Bank wise Status Social Security Schemes

SR BANKAs on

31.03.16PMJJBY PMSBY APY TOTAL

Progress

over

31.03.16

1 Allahabad Bank 2.96 0.45 2.06 0.08 2.60 -0.36

2 Andhra Bank 0.39 0.07 0.31 0.01 0.39 0.00

3 Bank of Baroda 2.23 0.65 1.63 0.05 2.34 0.11

4 Bank of India 8.21 1.81 6.13 0.14 8.07 -0.13

5 Bank of Maharashtra 3.64 1.06 2.55 0.03 3.64 0.00

6 Canara Bank 1.36 0.37 0.87 0.02 1.26 -0.10

7 Central Bank of India 10.48 2.24 7.31 0.09 9.64 -0.83

8 Corporation Bank 0.49 0.15 0.37 0.00 0.52 0.03

9 Dena Bank 0.90 0.20 0.69 0.01 0.90 0.00

10 IDBI Bank Ltd. 0.73 0.19 0.46 0.02 0.67 -0.06

11 Indian Bank 0.22 0.06 0.16 0.01 0.23 0.01

12 Indian Overseas Bank 0.47 0.10 0.35 0.00 0.46 -0.01

13 O.Bank of Commerce 1.38 0.21 1.17 0.01 1.38 0.01

14 Punjab & Sind Bank 0.30 0.08 0.22 0.01 0.30 0.00

15 Punjab National Bank 4.92 0.65 4.40 0.11 5.16 0.23

16 Syndicate Bank 0.77 0.21 0.54 0.01 0.77 0.00


SR BANKAs on


Progress

over

31.03.16

17 Uco Bank 1.86 0.64 1.51 0.02 2.17 0.31

18 Union Bank of India 4.89 0.95 3.33 0.03 4.30 -0.58

19 United Bank of India 0.17 0.04 0.12 0.00 0.17 0.00

20 Vijaya Bank 0.65 0.11 0.53 0.01 0.65 0.00

21 S.B. of Hyderabad 0.04 0.00 0.03 0.00 0.04 0.00

22 S.B. of Mysore 0.00 0.00 0.00 0.00 0.00 0.00

23 S.B. of Patiala 0.07 0.02 0.06 0.00 0.07 0.00

24 S.B. of Travancore 0.00 0.01 0.00 0.00 0.01 0.01

25 S.B.B. of Jaipur 0.06 0.01 0.05 0.00 0.06 0.00

26 State Bank of India 20.34 2.89 15.95 0.31 19.15 -1.18

SUB TOTAL (PSB) 67.51 13.18 50.82 0.98 64.97 -2.54

27 HDFC Bank 0.93 0.31 0.65 0.02 0.98 0.05

28 ICICI Bank 1.07 0.07 1.00 0.04 1.11 0.04

29 AXIS Bank 0.28 0.07 0.20 0.02 0.29 0.01

30 INDUSIND BANK 0.07 0.00 0.07 0.00 0.07 0.00

31 KOTAK MAHINDRA 0.03 0.01 0.02 0.00 0.03 0.00


SR BANKAs on


Progress

over

31.03.16

32 KARNATAKA BANK 0.00 0.00 0.00 0.00 0.00 0.00

33 RBL BANK 0.01 0.00 0.01 0.00 0.01 0.00

34 FEDERAL BANK 0.02 0.01 0.01 0.00 0.02 0.00

35 YES BANK 0.01 0.00 0.00 0.00 0.01 0.00

SUB TOTAL

(PVT BANKS)2.41 0.48 1.96 0.08 2.52 0.11

36 MGB 4.87 0.34 4.26 0.13 4.73 -0.14

37 CMPGB 4.14 0.78 3.14 0.10 4.01 -0.13

38 NJGB 5.32 0.65 4.02 0.37 5.05 -0.28

SUB TOTAL (RRB) 14.34 1.77 11.42 0.60 13.79 -0.55

39 APEX BANK 4.65 1.04 6.00 0.02 7.06 2.41

GRAND TOTAL 88.91 16.47 70.19 1.68 88.34 -0.57

There is decrease in enrollments over March 2016 due to non-renewal of premiums

Ensuring timely payment of wages to MGNREGA workers

through Business Correspondents especially in Shahdol,

Anuppur& Umaria Districts

» It has been complaint that

MGNREGA workers do not receive

their wages on time.

» BCs are not effective in these

districts for delivery of wages & social

security pensions.


through Business Correspondents in ShahdolDistrict

» A meeting in Shahdol was held on 13.09.2016 for above issue.

Meeting was Chaired by the Chairman MGNAREGA and

attended by Govt. Officials & Banks. The outcome of the meeting

after deliberation is as under:

1. The State Govt. officials will provide the list of Gram

Panchayat attached to each bank branch and their daily

schedule for payment.

2. On that day, beneficiary of only allotted Panchayat/s will

receive the payment.

3. The BCs of the respective Panchayats will also converge at

the branch to tackle the crowd for making payments.

4. The bank branches will maintain sufficient cash balance for

these payments. The banks will also give the information

about daily summary of transaction and amount to govt. dept.

and LDM.

5. All the MNREGA payments are to be completed before

17/09/2016 i.e, before the CM’s visit to Shahdol which is due

on 17/09/2016.


through Business Correspondents especially in Shahdol, Anuppur

& Umaria Districts

BANK

NUMBER OF SSA

SHAHDOL ANUPPUR UMARIA

Allahabad Bank 9 4 0

Bank of Baroda 6 0 0

Bank of India 1 1 8

Canara Bank 2 1 0

Central Bank of India 34 24 24

CMPGB 57 21 108

Punjab National Bank 2 1 3

State Bank of India 26 27 42

Union Bank of India 3 1 3

Vijaya Bank 1 0 0

TOTAL 141 80 188

STATUS OF BUSINESS CORRESPONDANTS

Total number of SSA 11864

Total number of BCs 10347

Total Number of RuPay enabled device (Interoperable) 5708

Total number of AEPS enabled device 9175

% of active BCs in a month 81%

Average number of monthly transactions by BCs 303

Average amount of monthly transactions by BCs

(in lakhs)6.35

Average monthly commission earned by BCs (Rupees) 2582

BUSINESS CORRESPONDANTS

» Since average monthly income of a BC is

approximately Rs 5000, their attrition rate is high.

They do not consider themselves stable in this

business. The State Government may explore the

possibilities to be given preference to BCs in their

3/4 grade post. This will generate faith in BCs to

work enthusiastically.

» Best BC in the district may be awarded by the

District Authority in their functions.

» Gramin Dak Sevak, Aasha workers, SHG workers

etc. may be engaged as BCA.

Distribution of banknotes & coins

through BCs

» Reserve Bank of India vide their letter no. FIDD

61/01.01.005/2016-17 dated 18th August 2016 to all

banks advised to utilize the services of BCs for

distribution of Banknotes & coins.

»It was also advised to carry out a detailed review of

the performance of BCs at least once in a year

through various fora i.e. BLBC, DLCC & SLBC.

»Banks are requested to explore the possibilities to

utilize the services of BCs for distribution of

Banknotes & coins.

FINANCIAL LITERACY

» FLC, Bhind has organized financial literacy programme at

Gram Van Samiti, Mukutpur (Bhind). Other FLCs are advised to

organize such camps.

» In view of the initiative of DFS to impart financial literacy at

Government ITIs, Private ITIs, Vocational Training Centres &

Skill Development Centres. Banks as on 30.06.2016 covered

115 Govt. ITI against 123, 318 Pvt. ITI against 359, 36

Vocational training centres against 38 & 427Skill development

centres against 457.

» Spread of financial literacy awareness among school students.

A communication has already been sent to Govt. of M.P. to

incorporate some chapters on financial literacy in the school

textbooks. Progress on this front is not known. Each bank

branch should visit at least one school for financial literacy

programme. Through this programme we can create mass

awareness.

Pending applications under Sec. 14 of SARFAESI Act with Dist.

Administration

CENTRAL BANK OF INDIA ALLAHABAD BANK DISTRICT NO. OF CASES DISTRICT NO. OF CASES ANUPPUR 8 BHOPAL 3 BETUL 2 CHHINDWARA 1 BHOPAL 3 GWALIOR 2 CHHINDWARA 5 INDORE 2 DINDORI 8 JABALPUR 2 HOSHANGABAD 3 RAISEN 1 INDORE 9 REWA 1 JABALPUR 3 SAGAR 3 KATNI 4 SATNA 2 REWA 5 SEHORE 2 SAGAR 2 VIDISHA 1 SHAHDOL 13 Grand Total 20 UMARIYA 3 Grand Total 68

Contd…


Administration

STATE BANK OF INDIA BANK OF INDIA DISTRICT NO. OF CASES DISTRICT NO. OF CASES BHOPAL 19 BHOPAL 7 GWALIOR 9 SEHORE 1 INDORE 29 GWEALIOR 2 JABALPUR 44 RAISEN 2 TOTAL 101 INDORE 1 UJJAIN 1 Total 14

Contd…


Administration

UNION BANK OF INDIA Dewas 1 Guna 1 Hoshangabad 1 Indore 8 Jabalpur 2 Katni 2 Narsinghpur 3 Neemuch 1 Rewa 6 Satna 2 Singrauli 2 Grand Total 29

➜Any other agenda with

the permission of Chair

second meeting of state level financial...

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