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Agenda-101st SLBC Meeting

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SEGMENT-1 (REVISION)

CONFIRMATION OF MINUTES OF

100th MEETING OF J&K SLBC HELD ON 19th MARCH, 2016

Minutes of 100th meeting of J&K SLBC held on 19th March, 2016 at Jammu to review the

performance of the banks / financial institutions operating in the State as at the end of

December, 2015 under Annual Credit Plan 2015-16, were webcast on the website of

J&K SLBC www.jkslbc.com and also circulated among the members vide J&K SLBC

office reference No. LBD/SLBC-100/2016-29 dated 20.05.2016. The actionable points

have been indicated for desired action at the concerned level.

Since no amendments to the minutes of meeting have been received from any

quarter, the house is requested to confirm the said minutes.

http://www.jkslbc.com/


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ROLLED OVER ACTIONABLE POINTS OF THE EARLIER SLBC MEETINGS (FOLLOW UP OF OUTSTANDING ISSUES)

(i) Legislating SARFAESI Act:

Agenda Item/ Date of SLBC

Summary of decisions/ Action points.

Action taken / Status

73 (b) 18.06.2008

Removal of legal hurdles to enforce SARFAESI Act in J&K State: Decision of Hon’ble High Court of J&K dated 16.7.2015: The Hon’ble High Court of Jammu & Kashmir on 16.07.2015 held that SARFAESI Act 2002 cannot be enforced in the State of J&K. The High Court further held that “the State of J&K would be at liberty to enact law similar to that of the SARFAESI Act, 2002 for securing the interests of the Banks/ Financial Institutions”. The State of J&K, as per the judgment, in the event of framing such a law, has to ensure that interests of the State Subjects/ citizens of J&K and their immovable properties are not affected by transferring the same to non-state subjects. In the Special SLBC meeting held on 14.9.2015 during the visit of Governor, RBI to Srinagar, Dr. Haseeb A. Drabu, Hon’ble Finance Minister stated that State Government was already intending to bring in the legislation for enacting a separate SARFAESI Act in the State and in view of the recent clear and explicit order of the Hon’ble High Court of J&K need for enacting the said law has become obvious.

Dr. Haseeb A. Drabu, Hon’ble Finance Minister and Dr. Raghuram Rajan, Governor, Reserve Bank of India advised to seek inputs from the principal players like J&K Bank, SBI, PNB, Canara Bank and HDFC Bank etc. in the matter.

In the 100th SLBC Meting

Commissioner/ Secretary Finance,

J&K Government informed that the

State Government is already working

on the issue. He stated that the

only sensitive issue confronted by

the State is relating to Transfer of

Property Act, i.e. how the property

taken over by the banks can be

disposed off, as the J&K State has its

own Transfer of Property Act under

which the assets taken over by the

banks cannot be disposed off to the

persons other than the State

Subjects of J&K. He stated that the

Government is working on various

options, either to have our own

SARFAESI Act for the State or

whether changes in the Transfer of

Property Act can take care of the

disposal of assets to be taken over

by the banks. He assured that the

State Government is keen to sort out

the issue

The Government of J&K to inform progress in this regard and

House may deliberate the issue.


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(ii) Setting up of Farmers’ Training Centre (FTC) in J&K State:

Agenda Item/ Date



Item No. 91.17 of 91st SLBC meeting held on 16.12.2013

In 91st SLBC meeting the proposal of setting up of Farmers Training Centers (FTCs) in Kashmir, Jammu and Ladakh regions by J&K Bank, PNB and SBI respectively under the guidance from NABARD was accepted by the house for implementation. In the 97th SLBC meeting the State Government was requested to take necessary measures for allotment of land to the concerned banks for the purpose.

In the 100th SLBC Meting the Chief Secretary, J&K suggested that since Krishi Vigyan Kendras (KVKs) have already been established by the Government in all the districts, therefore, possibilities should be explored to carve out some suitable space for the FTCs within the Krishi Vigyan Kendras, which will facilitate dovetailing of resources and would be beneficial for the farmers who while visiting the KVKs will also get the training facilities from the FTCs at the same place. He further stressed the need to settle the issue as soon as possible to ensure that the agenda item is not repeated in the subsequent SLBC meetings. Commissioner/ Secretary, Agriculture Production, J&K Government assured to settle the issue soon after taking KVKs on board.

Government of J&K may inform status report regarding allotment of land to

concerned banks for establishment of the said FTCs.

(iii) Inclusion of chapters on financial Education in the School Syllabus:

Item/ Date of SLBC



Item No.96.23 Dated 23.2.2015

In the 96th meeting held on 23.02.2015 RBI informed that the issue of including of Chapters related to “Financial Education” in the school syllabus, was raised with the State Govt. for the past many years but needful has not been done despite continuous follow up. He informed that the then Chief Secretary, J&K Govt. had written a D. O. letter No. PS/CS/03/2010 dated 03.01.2011 to the then Commissioner/ Secretary School Education for consideration of the proposal. In the 97th SLBC meeting Reserve Bank of India was asked by the house to provide some 4-5 chapters of text on Financial Inclusion, so that the same could be forwarded to the Directorate of School Education for inclusion of the same in the syllabus of the schools

In the 100th SLBC Meting Regional

Director, RBI stated that RBI has already taken action in the matter. The Central Board of Secondary Education (CBSE) in collaboration with National Centre for Financial Education (NCFE) and all financial sector regulators, viz. RBI, SEBI, IRDA and PFRDA, have developed financial education workbooks for classes VI to X, copies whereof (in English version) have already been provided by RBI to State Government for inclusion in the school curriculum.

Commissioner/ Secretary Finance, J&K Government assured to take up the matter with the Secretary School Education Department for further course of action.

Government of J&K to inform further progress in the matter


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(iv) J&K FLOODS 2014 - (Recommendations put forth by J&K SLBC for Relief,

Rehabilitation, Revival and Restructuring of various types of credit

facilities in the areas affected by the natural calamity – floods):

Agenda Item/ Date



Agenda Item of Special SLBC meeting held on 23.9.2014.

In aftermath of devastating floods of September 2014 a special meeting of J&K SLBC was convened on 23.09.2014 at J&K Bank Zonal Office, Jammu wherein a Special package of relief, rehabilitation and restructuring of various types of credit facilities in affected areas was approved by J&K SLBC and implemented after approval by RBI. The following action points were flagged for J&K Government: I. 100% debt relief by State/ Central Govt. in respect

of business loans upto maximum limit of Rs.3.00 lacs or balance outstanding, whichever is less.

II. 100% interest subsidy from Govt. of India on the existing loans to the affected borrowers for a minimum period of 3 years.

III. 3% interest subvention from Govt. of India for a minimum period of three years on all fresh/ additional loans/ facilities to existing as well as fresh borrowers. This will include loan for renovation/ repairs and replacement of damaged assets/ machinery/ equipment and fresh Working Facilities/ Crop loans for restarting the business/ productive activity.

IV. Adequate compensation or interest free soft loans from Govt. of India be extended to business establishments to augment their capital requirements repayable over a period of 10 years after initial moratorium of 5 years.

V. Guarantee and annual fee for Guarantee cover from CGTMSE on the funding by the Banks upto limit of Rs.1.00 Crore to the effected eligible borrows shall be borne by the Government of India/ State Government for a period of 5 years.

Subsequently, the Sub-Committee of J&K State Level Bankers’ Committee constituted by J&K SLBC in its Special meeting held on 23rd September 2014 at Jammu, held its first meeting under the Chairmanship of Chairman/ CEO J&K Bank (Convenor, J&K SLBC) on 4th October 2014 at J&K Bank, CHQ, Sgr. The Sub-Committee recommended the following: 1. J&K State Govt. to approach GoI for extending

interest subvention of 5% upto loans of Rs.5.00 lacs for flood victims of J&K State under House Reconstruction Loan Package on the pattern of Ministry of Housing & Urban Poverty Alleviation, GoI, Housing Loan Scheme “Rajiv Rinn Yojana”.

2. J&K State Government to approach GoI for waiver of debts upto Rs.3.00 lacs in respect of the borrowers affected by the floods.

In the 100th SLBC Meting Mr. B. B. Vyas, Financial Commissioner, Planning & Development, J&K

Govt. stated that under the Reconstruction Plan announced by the Hon’ble Prime Minister on November 7, 2015, there is a provision for providing interest subvention. The State Govt. has already drafted the scheme and forwarded the same to Central Government. The issue is presently under consideration of the Central Government. As and when the same is approved, the details will be shared with J&K SLBC. Mr. D. Sethy, Regional Director, RBI stated that the request for extension in the period of

moratorium in case of the flood effected borrowers (where moratorium of less than two years was granted by banks), which was discussed during the Special SLBC meeting held on 14.9.2015 on the eve of visit of the Governor, RBI to Srinagar, has been acceded to by RBI.

Mr. Navin Kumar Chowdhary, Commissioner/Secretary Finance, J&K Government desired that in case the request has been acceded to by RBI, the same should be thoroughly publicized for general awareness of the people to enable them to avail the benefit. All member banks have been informed accordingly.

Government of J&K may inform the latest status regarding Interest Subvention

Banks may apprise latest position regarding extension in period of moratorium


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Details of various Meetings held during FY 2015-16:

S. No

Meetings conducted Date of Meeting

Venue

1 Meeting of the Sub-group to devise modalities to bring Sericulture Sector within the purview of KCC Scheme.

18.05.2015

J&K Bank, Corporate HQs.,

Srinagar

2 97th meeting of J&K State Level Bankers’ Committee

10.06 2015

SKICC, Srinagar

2 One day Workshop on Self Help Groups (SHGs)/ Joint Liability Groups (JLGs) financing organized by J&K SLBC in collaboration with NABARD.

05.08.2015


Srinagar

3 Meeting of the Steering Sub-Committee of J&K SLBC to monitor IT-enabled Financial Inclusion, FLCCs and Credit Plus Activities

06.08.2015

RBI Office, Aamir Manzil, Rajbagh,

Srinagar

4 Meeting of the Sub-Committee of State Level Inter-Institutional Committee on MSMEs

08.08.2015


Srinagar

5 98th meeting of J&K State Level Bankers’ Committee

26.08.2015

SKICC, Srinagar

6 Special SLBC meeting on the occasion of visit of Governor, Reserve Bank of India to Srinagar

14.09.2015

SKICC, Srinagar

7 Meeting between senior officers of Social Welfare Deptt., J&K Govt., T&ISD Deptt. of J&K Bank and SLBC Secretariat to discuss the issue coming in the way of implementation of EBT Scheme in J&K State

27.10.2015

J&K Bank,

Corporate HQs., Srinagar

8 Meeting of the Sub-Committee constituted in the 97th SLBC meeting to devise strategy for enhancing flow of credit to Housing and Education Sectors in J&K State.

28.10.2015


Srinagar

9

99th meeting of J&K State Level Bankers’ Committee

16.11.2015

Fortune Inn, Riviera, Jammu

10 Meeting of the Steering Sub-Committee of J&K SLBC to monitor IT-enabled Financial Inclusion, FLCC & Credit Plus Activities.

12.01.2016

Reserve Bank of India, R.O. Jammu

11 Meeting of the Steering Sub-Committee of J&K SLBC to SHG-Bank Linkage Programme

08.2.2016

J&K Bank, Zonal Office, Jammu

(Central)

12 100th meeting of J&K SLBC

19.03.2016

Fortune Inn, Riviera,

Jammu

This is for the information of the house.


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SEGMENT - 2 (PERFORMANCE OF BANKING SECTOR RELATING TO FLOW OF CREDIT)

AGENDA ITEM NO: 101.01 Bank-wise/ Sector-wise/ Region-wise achievements in lending to Priority Sector/

Non-Priority Sector under Annual Credit Plan 2015-16 –Position as on 31st March

2016:

Overview of Credit Disbursements

Banks have extended a total credit of Rs.15,753.29 Crore in favour of 4,87,736

beneficiaries (both under Priority as well as Non-priority Sector) upto 31st March 2016

against annual target of Rs.23,605.23 Crore for 10,57,906 beneficiaries under Annual

Credit Plan 2015-16, thereby registering achievement of 67% in financial terms and

46% in physical terms.

This includes Priority Sector credit of Rs.8,754.40 Crore disbursed in favour of 3,05,308

beneficiaries against the annual target of Rs.14,804.83 Crore for 8,16,524 beneficiaries

(constituting 59% achievement in financial terms and 37% in physical terms) and Non-

priority sector credit of Rs.6,998.89 Crore disbursed in favour of 1,82,428 beneficiaries

against annual target of Rs.8,800.40 Crore for 2,41,382 beneficiaries (constituting

achievement of 80% in financial and 76% in physical terms).

(Amount in Crores of Rs.)

Name of the

Sector

ACP Target

FY 2015-16

Achievement

as on 31st March 2016

%age of Achievement

Physical Financial Physical Financial Physical Financial

Priority Sector 8,16,524 14,804.83 3,05,308 8,754.40 37% 59%

Non-Priority Sector

2,41,382 8,800.40 1,82,428 6,998.89 76% 80%

Total 10,57,906 23,605.23 4,87,736 15,753.29 46% 67%

Achievements vs ACP 2015-16 Targets

Physical 46% (Ach. as on Corresponding period of PFY=57%)

Financial 67% (Ach. as on Corresponding period of PFY=84%)


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Important findings

As compared to achievement of financial & Physical targets during financial year

2014-15 achievement during FY 2015-16 has remained considerably low.

Sub-sector-wise achievement of ACP targets under Priority Sector


Priority Sector

Name of the Sub-Sector

Target (FY 2015-16)

Ach. upto Q4 %age of Ach.

%age of Ach.


Agriculture 5,08,607 4,669.29 1,64,677 2,931.56 32.38% 62.78%

Micro, Small & Medium Enterprises

1,71,414 4,892.12 1,08,375 4,730.25

63.22% 96.69%

Education 17,163 650.51 4,768 89.29 27.78% 13.73%

Housing 45,921 2,943.95 15,294 608.39 33.31% 20.67%

Other 73,419 1,648.96 12,194 394.91 16.61% 23.95%

Total 8,16,524 14,804.83 3,05,308 8,754.40 37.39% 59.13%

Lending to Priority sector: Achievements upto Q4 (FY 2015-16)



Important Findings

Education and Housing Sectors continue to show poor performance which is a

matter of serious concern and needs introspection.

MSMEs sector has done comparatively well & target achievement is 97%.

Under Agriculture sector Banks have been able to achieve only 63% of the ACP

targets.

Other sector have also performed poorly.

Achievement of Physical targets has also remained low.

Under Priority Sector, against the achievement of 72% and 55% of the financial &

physical ACP targets respectively during the corresponding period of the

previous financial year (2014-15) the achievement of targets during FY 2015-16

has remained low (Financial 59% & Physical 37%).


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Sub-sector-wise achievement of ACP targets under Non-Priority Sector:


Non-Priority Sector


Target (FY 2015-16)

Ach. upto Q4 %age of Ach.

%age of Ach.


Heavy Industries 3,472 1,135.13 19 402.61 0.55% 35.47%

Medium Industries 16,387 848.26 278 121.73 1.70% 14.35%

Education 4,304 481.06 55 4.24 1.28% 0.88%

Housing 6,092 1,239.31 2,674 211.65 43.89% 17.08% Others 2,11,127 5,096.64 1,79,402 6,258.66 84.97% 122.80%

Total 2,41,382 8,800.40 1,82,428 6,998.89 75.58% 79.53%

Lending to Non-Priority sector: Achievements upto Q4 (FY 2015-16)



Important Findings

Education and Housing Sectors continues to show dismal performance which is a

matter of concern and needs introspection.

Under Non-Priority Sector, against the achievement of 104% and 62% of the

financial & physical ACP targets respectively during the corresponding period of

the financial year (2014-15) the achievement of targets during FY (2015-16) under

review has remained low (Financial 80% & Physical 76%).

The performance of banks vis-à-vis commitments for lending under Annual Credit Plan

2015-16 upto 31st March 2016 are given as Annexure-A, Annexure-A1, Annexure-A2,

Annexure-A3 & Annexure-A4 for information of the members.

http://www.jkslbc.com/pdf/SLBCMeetingsPDF/101_SLBC/Annexure-A.xlsx

http://www.jkslbc.com/pdf/SLBCMeetingsPDF/101_SLBC/Annexure-A1.xlsx





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Agency-wise Achievements upto 31st March 2016 -Comparative Analysis with achievements as on 31st March 2016 Consolidated achievement (Priority Sector + Non-Priority Sector)


Name of Bank

FY 2014-15 FY 2015-16 Target

(Annual)

Achievement (31.03.2015)

%age of Ach.

Target (Annual)


%age of Ach.

J&K Bank 11435.67 12447.13 109 13369.67 10542.68 78.86

SBI 2221.68 1214.67 55 2660.29 1659.49 62.38

PNB 1144.91 608.84 53 1383.15 534.20 38.62

Other Com. Banks 2570.17 1547.15 60 3104.14 1859.16 59.89

Coop. Banks 826.00 359.55 44 930.13 360.38 38.74

RRBs 1791.10 708.63 40 2153.45 777.78 36.12

Other FIs (SFC) 4.35 0.66 15 4.40 19.60 445.76

TOTAL 19993.88 16886.63 84 23605.23 15753.29 66.74

Disbursement of Credit to Priority Sector (Amount in Crores of Rs.)

Name of Bank

FY 2014-15 FY 2015-16 Target

(Annual)


%age of Ach.

Target (Annual)


%age of Ach.

J&K Bank 7036.58 6245.92 89 8290.71 5498.18 66.32

SBI 1266.50 643.80 51 1517.09 890.45 58.69

PNB 816.86 511.52 63 989.77 405.53 40.97

Other Com. Banks 1139.26 829.01 73 1385.82 1105.09 79.74

Coop. Banks 670.01 268.83 40 769.13 255.32 33.20

RRBs 1530.79 525.66 34 1848.22 580.23 31.39

Other FIs (SFC) 4.10 0.66 16 4.10 19.60 478.40

TOTAL 12464.10 9025.40 72 14804.83 8754.40 59.13

Disbursement of Credit to Non-Priority Sector (Amount in Crores of Rs.)

Name of Bank

FY 2014-15 FY 2015-16 Target

(Annual)


%age of Ach.

Target (Annual)


%age of Ach.

J&K Bank 4399.09 6201.21 141 5078.97 5044.51 99.32

SBI 955.18 570.87 60 1143.20 769.03 67.27

PNB 328.05 97.32 30 393.38 128.68 32.71

Other Com. Banks 1430.91 718.14 50 1718.31 754.07 43.88

Coop. Banks 155.99 90.72 58 161.00 105.05 65.25

RRBs 260.31 182.98 70 305.24 197.55 64.72

Other FIs (SFC) 0.25 0 0 0.30 0.00 0.00

TOTAL 7529.78 7861.24 104 8800.40 6998.89 79.53

Important Findings

Banks have achieved 59% of the target under Priority Sector during FY2015-16 against 72% achievement under this sector during corresponding period of the previous financial year (2014-15).

Under Non-Priority Sector banks have achieved 80% of the allocated targets during FY 2015-16 as compared to 104% achievement under this sector during the previous financial year i.e. 2014-15.

From the above analysis it is observed that during the period under review performance of PNB, other Commercial Banks, Coop. Banks & RRBs has remained comparatively low.


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PRIORITY SECTOR LENDING- ACHIEVEMENT VS TARGETS

(Amt. in Crores of Rs.)

ACP Target 2015-16 Ach. upto Q4 %age of Ach.


8,16,524 14,804.83 3,05,308 8,754.40 37% 59%

PERFORMANCE OF MAJOR PLAYERS AS ON 31st MARCH 2016

Name of the Bank Size of

the Bank in J&K State

(Branch

Network)

ACP

Target 2015-16

Ach. upto Q4

Ach. (%)

%AGE of ACH. VIZ-VIZ ANNUAL TARGETS-POSITION AS ON 31ST MARCH

2016 Agri-

culture MSME Educa-

tion

Housing Other

J&K Bank 740 8290.71 5498.18 66% 72% 126% 16% 18% 20%

JK Grameen Bank 217 1303.91 378.54 29% 40% 27% 2% 3% 24%

SBI 188 1517.09 890.45 59% 38% 79% 24% 55% 51%

EDB 133 544.31 201.69 37% 53% 33% 1% 2% 23%

PNB 104 989.77 405.53 41% 28% 67% 12% 7% 7%

JCC Bank 89 239.59 87.18 36% 26% 66% 2% 29% 75%

HDFC Bank 73 284.89 435.75 153% 427% 128% 0% 4% 9%

BCC Bank 35 131.98 41.96 32% 11% 104% 0% 0% 142%

ACC Bank 35 118.93 25.00 21% 16% 7% 0% 0% 205%

ICICI Bank 36 94.29 27.93 30% 103% 27% 0% 3% 2%

Canara Bank 32 62.26 62.08 100% 53% 167% 47% 35% 21%

AXIS Bank 23 73.64 34.36 47% 72% 38% 0% 58% 35%

J&K SC Bank 30 141.82 45.69 32% 6% 94% 0% 3% 40%

CBI 19 97.03 12.68 13% 25% 11% 5% 15% 2%

UCO Bank 20 119.1 6.39 5% 3% 5% 0% 5% 13%

OBC 19 96.73 89.26 92% 22% 190% 28% 52% 18%

P& S Bank 16 91.46 17.43 19% 11% 19% 9% 36% 17%

Union Bank of India

13 63.00 121.96 194% 108% 289% 42% 148% 2%

Other Banks/FIs 176 544.32 372.34 68% 70% 90% 12% 58% 15%

Total 1998 14804.83 8754.40 59% 63% 97% 14% 21% 24%

Bank-wise details are given in as Annexure-A3

IMPORTANT FINDINGS

J&K Bank contributes 63% of total credit disbursed to Priority Sector by all the banks in the state during the FY-2015-16

AGRICULTURE SECTOR:

Among the major players HDFC Bank, Union Bank of India & ICICI Bank have surpassed their respective ACP targets set for the FY 2015-16 under Agriculture sector by achieving 427%, 108% and 103% of it.

J&K Bank has achieved 72% of the ACP targets under agriculture Sector as on 31st March 2016.

SBI, PNB, JKGB and EDB which are the four major banks in J&K State after J&K Bank in terms of their branch network have achieved 38%, 28%, 40% and 53% respectively of their respective ACP targets during the financial year 2015-16.



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Poor Performing Banks under Agriculture Sector (Ach. < than 25%) UCO Bank : 3% JK State Coop. Bank : 6% Punjab & Sind Bank : 11% BCC Bank : 11% ACC Bank : 16% OBC : 22%

MICRO & SMALL ENTERPRISES SECTOR

Overall performance is satisfactory.

Poor Performing Banks under MSME Sector: (Ach. < than 25%)

UCO Bank : 5%

Central Bank of India : 11%

Anantnag Central Coop. Bank : 7%

Punjab & Sind Bank : 19%

EDUCATION SECTOR

The performance under Education Sector has remained abysmally Low.

None of the banks have been able to achieve the ACP targets.

Highest achievement is 47% made by Canara Bank.

Non-Performing banks may apprise the house the reasons for Zero or low

achievement of targets under the Education Sector.

HOUSING SECTOR

Like Education Sector the performance under Housing Sector has remained abysmally low.

Only Union Bank of India has achieved and surpassed the ACP target. None of the other banks have performed well under the sector.

The potential under the sector is required to be exploited and the impediments looked into.

OTHER SECTOR

Performance of all member banks except ACC Bank & BCC Bank has remained

unsatisfactory.

NON-PRIORITY SECTOR LENDING-ACHIEVEMENT VS TARGETS


ACP Target 2015-16 Ach. upto Q4 %age of Ach.


2,41,382 8,800.40 1,82,428 6998.89 75.58% 79.53%


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PERFORMANCE OF MAJOR PLAYERS AS ON 31st MARCH 2016 UNDER NON-PRIORITY SECTOR Name of the Bank Size of the Bank in

J&K State(Branch Network )

Financial Target

(FY 2015-16)

Achievement at the end of March 2016

%age of Ach. viz-a-viz Annual

Target

J&K Bank 740 5078.96 5044.50 99%

JK Grameen Bank 217 218.04 178.04 82%

SBI 188 1143.20 769.03 67%

EDB 133 87.19 19.51 22%

PNB 104 393.38 128.68 33%

JCC Bank 89 57.82 44.91 78%

HDFC Bank 73 454.19 386.75 85%

BCC Bank 35 8.05 0.00 0%

ACC Bank 35 9.84 1.77 18%

ICICI Bank 36 359.53 51.62 14%

Canara Bank 32 66.76 117.77 176%

AXIS Bank 23 19.57 49.01 250%

J&K State Coop. Bank 30 25.42 20.07 79%

Central Bank of India 19 67.17 3.50 5%

UCO Bank 20 168.79 0.67 0.40%

OBC 19 35.43 28.95 82%

P& S Bank 16 169.57 15.31 9%

Union Bank of India 13 44.84 18.78 42%

Other banks/FIs 176 392.65 120.02 31%

Total 1998 8800.40 6998.89 80%

Poor performing Banks (Ach. <50%)

BCC Bank : 0%

UCO Bank : 0.40%

CBI : 5%

Punjab & Sind Bank : 9%

ICICI Bank : 14%

ACC Bank : 18%

EDB : 22%

PNB : 33%

UBI : 42%


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REGION-WISE / SECTOR-WISE POSITION:

The Region-wise/ Sector-wise achievements upto 31st March 2016 vis-à-vis commitments for lending to Priority/Non-Priority Sectors under Annual Credit Plan 2015-16 are summarized below:


Region Sector Targets (ACP 2015-16)

Achievements at end of Q4

Achievement (%age)

Kashmir

Priority Sector 7885.38 5213.84 66.12

Non-Priority Sector 3797.62 3839.78 101.11

Total 11683 9053.62 77.49

Jammu

Priority Sector 6664.85 3344.83 50.19


Total 11402.97 6319.44 55.42

Ladakh

Priority Sector 254.60 195.73 76.88


Total 519.26 380.23 73.23

TOTAL PRIORITY 14804.83 8754.40 59.13

TOTAL NON-PRIORITY 8800.40 6998.89 79.53

Grand Total 23605.23 15753.29 66.74

The achievement of banks in Jammu region is comparatively low which needs focused attention.

The RBI prescribed statement ‘LBS-MIS-III indicating Targets & Achievements is placed

as Annexure-A5 for information of the members.

In light of the above position, the house is requested to deliberate upon the

achievement of banks during FY 2015-16 against the ACP targets.

Individual Banks may explain.



14

AGENDA ITEM NO: 101.02

CREDIT DISBURSEMENT UNDER GOVERNMENT SPONSORED SCHEMES

(i) Region-wise / District-wise / Scheme-wise and Bank-wise performance of

member Banks under major Government Sponsored Schemes as on 31st

March, 2016:

Against Annual Action Plan 2015-16 target of Rs.127.09 Crore for 8,884 beneficiaries

for all banks operating in the State, the achievement as on 31st March, 2016 under

three major Government Sponsored Schemes, viz. NRLM, PMEGP and SC/ST/OBC is

of the order of Rs.107.70 Crore spread over 6,201 beneficiaries in all the three regions

of the State thereby registering an achievement of 85% of the target in financial and

70% in physical terms, against achievement of 73% in financial & 45% in Physical terms

during the corresponding period of previous financial year.

The detailed performance under Govt. Sponsored Schemes is given in Annexure-B &

Annexure-B1

1) REGION-WISE ANALYSIS OF ACHIEVEMENTS:


Name of the Region

Target Achievement %age Ach.

A/C Amt. A/C Amt. Physical Terms

Financial Terms

Kashmir 6,453 75.37 3,438 63.22 53 84

Jammu 2,080 42.93 2,636 40.26 127 94

Ladakh 351 8.79 127 4.22 36 48

Total 3 regions 8,884 127.09 6,201 107.70 70 85

i) KASHMIR REGION:

Banks have disbursed an amount of Rs.63.22 Crore to 3,438 beneficiaries upto 31st

March, 2016 under three major Government Sponsored Schemes against annual target

of Rs.75.37 Crore for 6,453 beneficiaries, thereby achieving 84% of the target in

financial terms and 53% in physical terms against achievement of 54% in financial &

29% in physical terms during the corresponding period of the previous financial year

(2014-15).

ii) JAMMU REGION

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Banks have disbursed an amount of Rs.40.26 Crore in favour of 2636 beneficiaries upto

31st March, 2016 under three major Government Sponsored Schemes against annual

target of Rs.42.93 Crore to 2080 beneficiaries, which accounts for 94% and 127%

achievement in financial and physical terms respectively, against achievement of 107%

in financial and 82% in physical terms during the corresponding period of the previous

financial year (2014-15).

iii) LADAKH REGION

Banks have disbursed an amount of Rs.4.22 Crore in favour of 127 beneficiaries upto

31st March, 2016 under three Government Sponsored Schemes against annual target

of Rs.8.79 Crore for 351 beneficiaries, which works out to 48% achievement in financial

and 36% in physical terms, against achievement of 196% in financial and 59% in

physical terms during corresponding period of the previous financial year (2014-15).

2) SCHEME-WISE/ BANK-WISE ANALYSIS OF ACHIEVEMENTS

The scheme-wise achievements in three major Government Sponsored Schemes as on

31st March, 2016 is tabulated below in light of the figures annexed as Annexure-B2,

Annexure-B3 and Annexure-B4.

Scheme-wise achievement as on 31st March, 2016 is given hereunder:

(Amount in Crores of Rupees) Name of the Scheme Target Achievement %age Ach.

A/C Amt. A/C Amt. Physical Terms

Financial Terms

NRLM 4379 31.77 3759 21.51 86 68

PMEGP 1760 76.76 2015 82.48 114 107

SC/ST/OBC 2745 18.56 427 3.71 16 20

Total 8884 127.09 6201 107.70 70 85

NATIONAL RURAL LIVELIHOOD MISSION (NRLM):

Under NRLM against a target of Rs.31.77 Crore for 4,379 beneficiaries, banks have

disbursed an amount of Rs.21.51 Crore to 3759 beneficiaries (which includes 133

pending sanctioned cases of previous financial year), which works out to achievement

of 68% in financial and 86% in physical terms.

The contribution of major players is tabulated below:





16


From the data in Annexure-B2 it is observed that 3828 cases were sponsored to banks

up to 31st March, 2016 viz-a-viz annual target of 4,379 cases, out of which 3687cases

were sanctioned, 127 cases were rejected/ returned and 14 cases are pending for

sanction with banks.

PRIME MINISTERS’ EMPLOYMENT GENERATION PROGRAMME (PMEGP):

Under PMEGP Scheme (consisting of 3 components, i.e., KVIC, KVIB & DIC) against

the annual target of Rs.76.76 Crore for 1,760 beneficiaries, banks have disbursed an

amount of Rs.82.48 Crore to 2015 beneficiaries upto 31st March, 2016 (which includes

379 sanctioned pending cases of previous year) for setting up of employment

generating units thereby achieving 107% and 114% of target in financial and physical

terms respectively.

The contribution of major players is tabulated below: (Amount in Crores of Rs.)

From the data tabulated in Annexure-B3 it is observed that 3,361 cases were

sponsored to banks upto 31st March, 2016 viz-a-viz annual target of 1,760 cases, out of

which 1950 cases were sanctioned, 1028 cases were rejected / returned and 383 cases

are pending for sanction with banks. Component-wise achievements (i.e. KVIC, KVIB

and DIC) are given in Annexures B3 (i), B3 (ii) and B3(iii).

Name of the Bank

Target Achievement as on 31st March, 2016

%age Achievement viz-a-viz target 2015-16

A/C Amt. A/C Amt. Physical Financial

J&K Bank 2512 20.09 2656 16.53 106 82

SBI 223 1.51 67 0.46 30 30

JKGB 732 4.09 719 2.54 98 62

EDB 165 1.52 34 0.35 21 23

PNB 177 1.07 156 0.80 88 75

JCC Bank 40 0.40 96 0.57 240 143

Other Banks/FIs 530 3.08 31 0.26 6 8

TOTAL 4379 31.76 3759 21.51 86 68

Name of the Bank

Target for CFY (2015-16)

Achievement as on 31st March, 2016

%age Achievement viz-a-viz target

A/C Amount A/C Amount Physical Financial

J&K Bank 823 38.78 1306 53.61 159 138

JKGB 142 5.99 182 6.94 128 116

EDB 85 3.78 85 2.86 100 75

PNB 118 4.86 74 3.64 63 75

SBI 239 10.42 116 5.42 49 52

Other banks/FIs 353 12.93 252 10.01 71 77 TOTAL 1760 76.76 2015 82.48 114 107



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SCHEDULE CASTE / SCHEDULE TRIBE /OTHER BACKWARD CLASS (SC/ST/OBC):

Under SC/ST/OBC Schemes banks have disbursed an amount of Rs.3.71 Crore to 427

beneficiaries (which includes Rs.0.71 Crore of previous year’s 90 pending cases) upto

the end of March, 2016 against annual target of Rs.18.56 Crore for 2,745 beneficiaries

thereby registering an achievement of 20% & 16% in financial and physical terms

respectively.

The contribution of banks is tabulated below: Amount in Crores of Rs.)

From the data given in Annexure-B4 it is observed that against physical target of 2,745

cases, 1178 cases were sponsored to banks upto 31st March, 2016, out of which 586

cases were sanctioned, 420 cases were rejected and 172 cases are pending with the

banks.

National Urban Livelihood Mission (NULM) as on 31st March, 2016:

NULM (SEP-I) – Progress as on 31.03.2016

Under NULM (SEP-I) banks have disbursed an amount of Rs.14.50 Crore to 835

beneficiaries (which includes Rs.0.10 Crore of previous year’s 6 sanctioned cases) upto

31st March, 2016 against annual target of Rs.20.00 Crore for 1000 beneficiaries, thus

registering an achievement of 73% & 84% in financial and physical terms respectively.

Details of bank-wise performance are given in Annexure-B5 (i)

Major contributors are: (Amount in Crores of Rs.)

Name of the Bank Target for CFY (2015-16)

Achievement as on

31st March, 2016

%age Achievement viz-a-viz target


J&K Bank 1197 8.06 308 2.46 26 31

Other Banks/FIs 1548 10.50 119 1.25 8 12

TOTAL 2745 18.56 427 3.71 16 20

Name of the Bank

Target for CFY (2015-16)

Achievement as on 31st March, 2016

%age Achievement

viz-a-viz target


J&K Bank 416 8.32 601 10.60 144 127

SBI 231 4.62 58 1.10 25 24

PNB 101 2.02 56 0.99 55 49

Other banks/FIs 252 5.04 120 1.81 48 35

TOTAL 1000 20.00 835 14.50 84 73


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From the available data it is observed that 2004 cases were sponsored to banks upto

31st March, 2016, out of which 959 cases were sanctioned, 742 cases were rejected/

returned and 303 Cases are pending with banks.

Progress Achieved under NULM (SEP-G)

As per the data received from the LDMs, 27 cases were sponsored to banks against the

target of 68 cases, out of which only one case has been sanctioned & disbursed by

State Bank of Patiala upto the end of 31st March, 2016. (Details given in Annexure-B5

(ii))

Progress Achieved under NULM (SHG-Bank Linkage)

As per the data received from the LDMs, 77 cases were sponsored to banks against the

target of 480 cases, out of which only three cases were sanctioned but two cases have

been disbursed upto the end of 31st March, 2016. (Details given in Annexure-B5 (iii))

(iii) Non Performing Assets (NPAs) under Government Sponsored Segment:

NPA position in respect of five major Government Sponsored Schemes is given below

for information of the house:

(Amt. in Crores of rupees)

S.

No.

Name of the

Scheme

Amt. of

Credit

Outstanding

Gross

NPAs

%age

of

NPA

Amt. of

Credit

Outstanding

Gross

NPAs

%age

of

NPA

As on 31st March, 2015 As on 31st March, 2016

1 NRLM 77.80 7.59 9.76 120.07 11.63 9.69%

2 PMEGP 156.88 12.74 8.12 190.82 15.63 8.19%

3 JKSES 238.47 13.02 5.46 190.56 16.02 8.41%

4 NULM 28.90 5.36 18.55 15.92 2.89 8.15%

5 SC/ST/OBC 53.88 7.07 13.12 68.97 5.26 7.63%

TOTAL 555.93 45.78 8.24 586.34 51.43 8.77%

Bank-wise details of NPAs as on 31.3.2016 under various Government Sponsored

Schemes are given in Annexure-C.

In light of above mentioned figures and details provided in Annexures, house is

requested to deliberate upon the issue.

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http://www.jkslbc.com/pdf/SLBCMeetingsPDF/101_SLBC/Annexure-B5(II).xlsx

http://www.jkslbc.com/pdf/SLBCMeetingsPDF/101_SLBC/Annexure-B5(III).xlsx

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Performance under Handicrafts / Handlooms:

The Bank-wise achievement as on 31st March, 2016 under these Schemes is given in

the Annexure-D, Annexure-D1 & Annexure-D2.

Handicrafts / Artisans Credit Card (ACC) Scheme

Against target of Rs.271.68 Crore for 26,287 beneficiaries banks have disbursed

Rs.43.16 Crore to 4745 beneficiaries upto 31st March, 2016, which includes 661

sanctioned cases of previous financial year, indicating an achievement of 16% in

financial and 18% in physical terms. Upto the period under review, 6943 cases were

sponsored to various banks out of which 4421 cases have been sanctioned, 1912 cases

rejected and 610 cases are pending with banks for sanction.

The contribution of major players is tabulated below:


Handlooms (Micro Credit Plan Scheme)

Against target of Rs.27.96 Crore for 2,779 beneficiaries banks have disbursed Rs.15.27

Crore in favour of 1595 beneficiaries up to 31st March, 2016, which includes 329

sanctioned cases of previous financial year, indicating an achievement of 55% in

financial terms and 57% in physical terms. During the period under review 2428 cases

were sponsored to various banks, out of which 1395 cases have been sanctioned by

banks, 622 cases were rejected and 411 cases are pending with the banks for sanction.

Name of the Bank

Target For CFY (2015-16)

Achievement at the end of CFY

%age Ach. Viz-a-viz target


J&K Bank 21,234 218.61 3039 27.94 14 13

EDB 1,003 11.48 567 5.10 57 44

JKGB 902 9.09 322 2.80 36 31

SBI 752 8.10 259 2.41 34 30

PNB 1,122 11.52 143 1.26 13 11

Other Banks/FIs 1,274 12.88 415 3.65 33 28

TOTAL 26,287 271.68 4745 43.16 18 16

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The contribution of major players is tabulated below: (Amount in Crores of Rs.)

Handlooms - Weavers’ Credit Card (WCC) Scheme:

An amount of Rs.9.59 Crore has been disbursed by banks under weavers’ Credit Card

Scheme in favour of 972 weavers (against the Financial & Physical target of Rs.26.81

Crore & 2,021 beneficiaries respectively) indicating an achievement of 36% in financial

and 48% in physical terms. Under the Scheme 2322 cases were sponsored to banks

upto 31st March, 2016, against which 1100 cases have been sanctioned, 773 cases

were returned/ rejected and 449 cases are pending with various banks.

Out of the total disbursement of Rs.9.59 Crore under the scheme JK Bank’s share

is Rs.8.22 Crore (86%).

Bank-wise performance is given in Annexure-D3

The house is requested to deliberate.

Name of the Bank Target For CFY (2015-16)

Achievement at the end of CFY

%age Ach. Viz-a-viz target

A/C Amt. A/C Amt. Phy. Fin.

J&K Bank 1,682 16.77 1222 11.79 73 70

SBI 276 2.78 47 0.55 17 20

JKGB 213 2.09 50 0.47 23 23

EDB 174 1.89 69 0.55 40 29

PNB 138 1.36 42 0.38 30 28

Other Banks 296 3.07 165 1.53 55 50

TOTAL 2,779 27.96 1595 15.27 57 55



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BANK CREDIT AT A GLANCE

(OVERVIEW OF CREDIT SCENARIO IN J&K STATE AS ON 31st MARCH, 2016):

Although SLBC is primarily assigned the role of facilitating and monitoring smooth flow

of credit to priority sector yet the overall credit scenario in J&K State is revealing some

interesting and peculiar behavioral aspects attracting attention like low CDR, low credit

appetite, lack of entrepreneurship, etc. Precisely for the purpose of having some idea

and understanding and also to address and resolve such peculiar issues, the statistical

data of various banks functioning in the J&K State is provided for the perusal of the

house:

The list of the annexure for reviewing the bank credit is given hereunder: 1. Comparative Statement of Bank-wise deposits and advances with Credit Deposit

Ratio and Credit + Investment to Deposit Ratio and NPAs outstanding as on March 31, 2015 and March 31, 2016.

Annexure- E 2. Statement of Bank-wise / Sector-wise advances outstanding against Priority

Sector/ Weaker Sections of the society as on March 31, 2016.

Annexure-E1

Key Banking Indicators-Growth (YoY):

(Numbers are in Actual and Amount in Crores of Rupees)

S.No

31st March 2015

31st March 2016

YoY (Growth) %

1 Total Number of Branches 1936 1998 3.20% Out of (1) No. of Urban Branches 472 481 1.91% Semi-Urban Branches 423 428 1.18% Rural Branches 1041 1089 4.61% 2 Deposits 79015.10 86232.35 9.13% 3 Credit 36525.81 42348.25 15.94%

(2+3) Total Business 115540.91 128580.60 11.29% 4 CD Ratio 46.23% 49.11% 2.88% 5 Priority Sector Advances 19099.34 21457.98 12.35% Share of PS Advances in Total

Advances (%) 52.29% 50.67%

-1.62% (i) Agriculture Advances 6110.04 6872.68 12.48% (ii) MSME Advances 9540.14 11313.73 18.59% (iii) Export Credit 0 0 0 (iv) Education Advances 272.79 298.42 9.40% (v) Housing Advances 2123.14 2005.02 -5.56% (vi) Social Infrastructure 0 0 0 (vii) Renewable Energy 0 0.22 - (viii) Other Sector Advances 1053.23 967.91 -8.10%

6 Non-Priority Sector Advances 17426.47 20890.27 19.88% 7 Advances to Weaker Sections 5479.64 6161.98 12.45% 8 Advances to Women 2302.93 2755.97 19.67%

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Observations

As compared to YoY credit growth of 15.94% the YoY growth in deposits has

remained comparatively very low at 9.13%.

Total banking business has grown by 11.29% during the year.

On YoY basis CD Ratio has shown an increase of 2.88%.

The share of priority sector advances to total advances outstanding has declined

by 1.62% from 52.29% as on 31st March 2015 to 50.67% as on 31st March 2016 but it

has remained over and above the benchmark of 40%

MSMEs Sector has shown substantial YoY growth of 18.59% followed by

Agriculture sector indicating a YoY Growth of 12.48%.

Education Sector whose share in aggregate outstanding advances is very meager

has grown by 9.40% which needs a push.

Advances to Housing and other Sectors under priority sector have shown

negative growth (YoY) of 5.56% and 8.10% respectively which needs

introspection.

Advance to women and weaker section of the society has grown by 19.67% and

12.45% respectively which is a progressive trend.

Out of the aggregate advances of Rs.42,348.25 Crore outstanding as on March 31, 2016

an amount of Rs. 21,457.98 (50.67%) has gone to Priority Sector and Rs.20,890.27

Crore (49.33%) has gone to Non-Priority Sector. Rs.6,161.98 Crore out of the Priority

sector has gone to weaker sections of the society constituting 14.55% of total Advances

(against Bench Mark of 10%). The contribution of J&K Bank alone to Weaker

Sections of the society has been Rs.4,417.58 Crore, constituting 16.93% of its

total advances.

CREDIT SHARING OF MAJOR PLAYERS IN J&K STATE:

As is manifest from the Comparative Statement of Bank-wise Deposits and Advances

(Annexure-E) the contribution of individual banks to advances outstanding as on 31

March 2016 is tabulated hereunder:

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(Amt. in Crores of Rs.) Name of the Bank Size of the Bank

in J&K State (Branch Network )

(31.03.2016)

%age share in total Branch

Network (31.03.2016)

Advances o/s

(31.03.2016)

%age share to total advances outstanding

of all banks (31.03.2016)

J&K Bank 740 37.04% 26094.12 61.62%

JKGB 217 10.86% 1338.94 3.16%

SBI 188 9.41% 6853.27 16.18%

EDB 133 6.66% 499.92 1.18%

PNB 104 5.21% 1716.64 4.05%

JCC Bank 89 4.45% 412.16 0.97%

HDFC Bank 73 3.65% 1342.97 3.17%

BCC Bank 35 1.75% 206.67 0.49%

ACC Bank 35 1.75% 101.93 0.24%

ICICI Bank 36 1.80% 265.60 0.63%

Canara Bank 32 1.60% 423.68 1.00%

AXIS Bank 23 1.15% 191.00 0.45%

J&K SC Bank 30 1.50% 188.52 0.45%

CBI 19 0.95% 170.53 0.40%

UCO Bank 20 1.00% 142.35 0.34%

OBC 19 0.95% 135.61 0.32%

P& S Bank 16 0.80% 174.93 0.41%

Union Bnk of India 13 0.65% 161.04 0.38%

Other banks/ FIs 176 8.81% 1928.37 4.55%

Total 1998 42348.25

Share of 6 major banks in aggregate outstanding credit v/s share in total branch network as on 31st March 2016

J&K Bank constitutes 37% of the total branch network of all banks in J&K State but its share in advances outstanding is 62%. It has largest share of Rs.26,094.12 Crore in aggregate outstanding credit of banking sector of Rs.42,348.25 Crore in the State as on March 31, 2016.

The share of SBI in aggregate outstanding credit of banking sector is 16% (its share in total branch network is 9.41%).

The share of PNB is 4.05% (its share in total branch network is 5.21%). The share of JKGB is 3.16% (its share in total branch network is 10.86%). The share of HDFC Bank is 3.17% (its share in total branch network is

3.65%). The share of Ellaquai Dehati Bank is just 1.18% (its share in total branch

network is 6.66%).


24

Sector-wise Credit sharing of major Banks: (Based on 31 March 2016 samples) (Amount in Crores of Rupees)

JK Bank SBI PNB JKGB EDB HDFC Bank

Other Banks/FIs Total

PRIORITY SECTOR ADVANCES

Agriculture 4864.78 232.70 205.30 468.63 204.45 322.97 573.85 6872.68 % Share in Agriculture 70.78% 3.39% 2.99% 6.82% 2.97% 4.70% 8.35%

MSMEs 6695.78 1240.36 465.44 496.59 231.52 360.2 1823.84 11313.73 % Share in MSMEs 59.18% 10.96% 4.11% 4.39% 2.05% 3.18% 16.12%

Export Credit 0 0 0 0 0 0 0 0 % Share in Export Credit 0% 0% 0% 0% 0% 0% 0%

Education 178.85 52.41 27.47 3.28 6.05 0.07 30.29 298.42 % Share in Education 60% 18% 9% 1% 2% 0% 10%

Housing 1200.01 469.63 63.83 16.24 10.54 13.16 231.61 2005.02 % Share in Housing 60% 23% 3% 1% 1% 1% 12%

Social Infrastructure 0 0 0 0 0 0 0 0 % Share in Social Infrastructure 0% 0% 0% 0% 0% 0% 0%

Renewable Energy 0 0 0 0 0.04 0 0.18 0.22 % Share in Renewable Energy 0% 0% 0% 0% 18% 0% 82%

Other Sector 635.52 124.38 1.1 11.3 0 14.94 180.67 967.91 % Share in Other Sector 66% 13% 0% 1% 0% 2% 19%

Total Priority Sector Advances 13574.94 2119.48 763.14 996.04 452.60 711.34 2840.44 21457.98 % Share in Total Priority Sector Adv. 63% 10% 4% 5% 2% 3% 13%

NON- PRIORITY SECTOR ADVANCES

Non-Priority sector Advances 12519.18 4733.79 953.50 342.90 47.32 631.63 1661.95 20890.27 % Share in Total Non-Priority Sector Adv. 60% 23% 5% 2% 0% 3% 8%

Total Advances (PS+NPS) 26094.12 6853.27 1716.64 1338.94 499.92 1342.97 4502.39 42348.25 % Share in Total Advances 62% 16% 4% 3% 1% 3% 11%

It is evident from the table that J&K Bank has largest share of Rs.13,574.94

Crore in aggregate outstanding credit under Priority Sector comprising 63% of

the total Priority Sector Bank Credit of Rs.21,457.98 Crore in the State at the end

of March 2016.


25

The share of SBI, PNB, JKGB, EDB and HDFC Bank in outstanding credit to

Priority Sector is Rs.2,119.48 Crore (10%), Rs.763.14 Crore (4%), Rs.996.04

Crore (5%), Rs.452.60 Crore (2%) and Rs.711.34 Crore (3%) respectively.

Under Non-Priority Sector, J&K Bank constitute 60% of the total advances

outstanding as on 31st March 2016. The share of SBI, PNB, JKGB, EDB and

HDFC Bank in outstanding credit to Non-Priority Sector is 23%, 5%, 2%, 0% and

3% respectively.

The Sub-Sector–wise share in total Priority Sector outstanding as on March 31,

2016 is given below: (Amt. in Crores of Rs.)

S. No

Name of the Sub-Sector Outstanding in Sub-sector

Total Priority Sector

Outstanding

%age share in total Priority Sector Outstanding

1 Agriculture & Allied 6,872.68

21,457.98

32.03%

2 Micro & Small Enterprises 11,313.73 52.73%

3 Export Credit 0.00 0.00%

4 Education 298.42 1.39%

5 Housing 2,005.02 9.34%

6 Social Infrastructure 0.00 0.00%

7 Renewable Energy 0.22 0.00%

8 Others 967.91 4.51%

While analyzing Priority Sector advances it is observed that Micro & Small Enterprises

dominates other sectors, absorbing major share of Rs.11,313.73 Crore (53%) followed

by Agriculture, Housing, and Others sector with an amount of Rs.6,872.68 Crore (32%),

Rs.2,005.02 Crore (9%), Rs.967.91 Crore (4.51%) respectively and the lowest share of

Rs.298.42 Crore (1.39%) has gone to Education Sector.

The Sub-Sector–wise share in total Non-Priority Sector outstanding as on March

31, 2016 is given below: (Amt. in Crores of Rs.)

S. No


Outstanding in Sub-sector

Total Non- Priority Sector

Outstanding

%age share in total Non-Priority Sector

Outstanding

1 Heavy Industries 1,065.78

20,890.27

5.10%

2 Medium Industries 422.18 2.02%

3 Education 17.80 0.09%

4 Housing 731.05 3.50%

5 Others 18653.46 89.29%

While analyzing Non-Priority Sector advances it is observed that 89% of total advances

outstanding as on March 31, 2016 has gone to Other Sector alone while the remaining


26

11% of Non-priority Sector credit has gone to Heavy Industries (5.10%), Medium

Industries (2.02%), Housing (3.50%) and lowest share of (0.09%) to Education Sector.

Movement in C.D. Ratio of major banks in J&K State:

S. No.

Name of Bank C.D. Ratio 31 March 2015

C.D. Ratio 31 March 2016

YOY Increase in CD Ratio

1 J&K Bank 47.48% 49.47% 1.99%

2 SBI 50.43% 59.01% 8.58%

3 PNB 27.67% 30.04% 2.37%

4 J&K Grameen Bank 45.35% 47.25% 1.90%

5 Ellaquai Dehati Bank 46.68% 53.40% 6.72%

6 HDFC Bank 51.52% 61.53% 10.01%

7 Coop. Banks put together 36.30% 36.21% -0.09%

Overall banks have improved their CD Ratio during the FY under review Cooperative banks have shown YoY decline of 0.09% in their aggregate C.D. Ratio

Agency-Wise Position of Gross NPAs in J&K State as on March 31, 2016:


Bank Category Advances outstanding (Excluding Corporate

Sector Advances) Gross NPA

Gross NPA %age

Public Sector Banks 7,282.65 745.29 10.23%

Private Sector Banks 27,500.66 904.19 3.29%

Regional Rural Banks 1,838.86 179.12 9.74%

Central/ State Cooperative Banks 1,219.50 180.04 14.76%

J&K State Financial Corporation (JK SFC) 501.51 59.67 11.90%

Total All Banks/FIs 38,343.18 2068.31 5.39%

Bank-wise position of Gross NPAs outstanding (Position as on 31 March 2016)


Name of the Bank Advances (Excluding

Corporate Sector Advances)

Gross NPAs %age of Gross NPAs

w.r.t. Adv. outstanding

J&K Bank 25,633.07 875.81 3.42%

SBI 3,969.43 131.21 3.31%

PNB 1,056.46 164.13 15.54%

J&K Grameen Bank 1,338.94 147.23 11.00%

Ellaquai Dehati Bank 499.92 31.89 6.38%

HDFC Bank 1,342.97 25.58 1.90%

Other Banks/FIs 4,502.39 692.46 15.38%

TOTAL (31.03.2016) 38,343.18 2,068.31 5.39%

TOTAL (31.03.2015) 33,705.26 1,699.89 5.04%


27

The RBI prescribed statement ‘LBS-MIS-II indicating loan disbursements and

outstanding credit is placed as Annexure-E2 for information of the members.

The District-wise/ Bank-wise gross NPA position of the banks as reflected in

Annexure-F & Annexure-F1 reveals that out of total Gross NPAs of Rs.2,068.31 Crore in

the State as on March 31, 2016, the amount of three major banks, i.e. J&K Bank, SBI

and PNB is Rs.875.81 Crore, Rs.131.21 Crore and Rs.164.13 Crore, respectively.

In light of the figures provided in the Annexures, the analysis of credit scenario is

presented before the house for deliberations.

AGENDA ITEM No: 101.05

http://www.jkslbc.com/pdf/SLBCMeetingsPDF/101_SLBC/Annexure-E2.xlsx

http://www.jkslbc.com/pdf/SLBCMeetingsPDF/101_SLBC/Annexure-F.xlsx

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100% coverage of farmers in J&K State under Kissan Credit Card (KCC) Scheme-Position

as on 31st March, 2016.

Government of India initiative to ensure 100% coverage of farmers under KCC Scheme

was launched in J&K State in January, 2012. As conveyed by Agriculture Production

Department, J&K Government, out of the existing 11, 52,097 Farm Operating Families

in J&K State 1,70,648 Farm Operating Families did not opt for KCC, thereby leaving

only 9,81,449 Farm Operating Families targeted for 100% coverage under KCC

Scheme.

Accordingly, J&K SLBC in collaboration with Agriculture Production Department, J&K

Government and the banks operating in the State, launched the vigorous campaign

throughout the State and by the end of March, 2016 the programme has been

successfully accomplished with over 10,00,581 Kissan Credit Cards sanctioned/

issued by various banks, which accounts for 101.94% of the target. This includes

KCC applications sponsored by Agriculture Production Department as well as the cases

taken up by banks directly from the farmers.

Against the 10,00,581 sanctioned KCCs, banks have disbursed credit to 8,83,892

KCC holders amounting to Rs.7,969.41 Crore upto the end of March, 2016. Bank-

wise details are given in Annexure-G.

Details of target and progress achieved by banks under KCC:

Total No. of existing farm operating families (As prescribed Agriculture Production Department, J&K Govt.)

11,52,097

Number of Farm Operating Families (FOFs) who have not opted for KCC (As prescribed Agriculture Production Department J&K Govt.)

1,70,648

Farm Operating Families targeted for 100% Coverage under Kissan Credit Card Scheme

9,81,449

Progress achieved by banks in issuance of KCCs (As per data received from Banks)

10,00,581

%age of Achievement 101.94%

Out of total KCCs issued/ sanctioned, No. of cases disbursed 8,83,892

Amount Disbursed. Rs.7,969.41 Cr.

Since the target of 100% coverage of Farmers under KCC Scheme stands now

accomplished, henceforth the focus of J&K SLBC shall shift to monitoring disbursement

of credit facilities to the KCC holders.

The house is requested to deliberate the issue


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29

ACHIEVEMENT UNDER SELF HELP GROUP SCHEME AS ON 31ST MARCH, 2016:

Reserve Bank of India has desired to have a proper review of disbursement of credit

through Self Help Groups (SHGs), as it is an effective tool for delivering credit to rural

poor for their economic empowerment and an alternate loan delivery system, which

minimizes the cost of operation and transaction for the banks.

The cumulative position of achievement under Self Help Group (SHG) Scheme up to

the end of March, 2016 and comparison with the progress as on corresponding period

of the previous year i.e. 31st March, 2015 is summarized as under:

(Amt. in Crores of Rupees)

Position as on 31st March 2015

Position as on 31st March 2016

YoY Growth %

Total SHGs formed 14,067 19,287 37%

SHGs Savings linked 12,444 18,399 48%

SHGs Credit linked 9,272 14,310 54%

Total loans disbursed Rs.63.47 Rs.101.48 60%

Contribution of individual banks is given hereunder:

(Amt. in Crores of Rupees) Name of Bank SHGs formed SHGs savings

linked SHGs Credit

linked Credit disbursed

J&K Bank 9521 8674 5179 32.15

SBI 3517 3517 3517 26.23

JKGB 2709 2678 2495 16.02

EDB 1199 1199 1029 16.56

J&K SCB 736 732 714 2.39

PNB 608 608 472 1.96

JCCB 333 333 333 1.28

BCCB 297 297 291 2.01

ACCB 86 86 68 0.92

Other Banks/FIs 281 275 212 1.96 Total 19287 18399 14310 101.48

The detailed Bank-wise/ Agency-wise performance as on 31st March 2016 is attached as

per Annexure-H.

House is requested to deliberate the issue


Finance to Joint Liability Farming Groups of “Bhoomi heen Kissan”:

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30

MoF, GoI vide letter dated 30th October 2014, addressed to SLBC Convenors across

the Country, has informed that Hon’ble Union Finance Minister in the Union Budget

(2014-15) announced the launching of new scheme for landless farmers called “Joint

Liability Farming Groups of Bhoomi heen Kisan” to be implemented through

NABARD. The target group under the scheme is the landless farmers who are denied

institutional finance because of not having any land holding.

For the Financial Year (2015-16) NABARD, R.O. Jammu had fixed a target for formation

of 1500 JLGs in J&K State to be allocated to various banks. Accordingly, the bank-wise

allocation of the said targets arrived at LDM level of all the districts was conveyed to

various banks for implementation.

Progress achieved in J&K State during CFY up to the end of 31st March 2016:

(Amt. in lacs)

S. No.

Name of the Bank Target No. of JLGs formed

JLGs credit-linked

A/C Amount

1 J&K Bank 641 304 207 314.35

2 J&K Grameen Bank 361 599 591 948.83

3 Ellaquai Dehati Bank 191 320 320 571.80

4 State Bank of India 139 35 18 36.00

5 Punjab National Bank 63 2 2 3.20

6 HDFC Bank 53 0 0 0

7 ICICI Bank 50 0 0 0

8 Punjab & Sind Bank 02 01 01 2.00

9 Central Bank of India 0 6 6 1.45

10 Jammu Central Coop.

Bank

0 2 0 0

TOTAL 1500 1271 1147 1881.63

District-wise/ Bank-wise progress is enclosed as Annexure-I for information of the

members.

The house is requested to deliberate upon the issue


Progress under Swarozgar Credit Card (SCC) Scheme:

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31

Swarozgar Credit Card (SCC) Scheme prepared by NABARD was introduced in

September, 2003 for providing adequate, timely and uninterrupted credit, (i.e. working

capital including consumption needs and/ or block capital requirements) to the small

artisans, handloom weavers and other self-employed persons including micro-

entrepreneurs, SHGs, etc. from the banking system in a flexible, hassle-free and cost

effective manner.

The Scheme is to be implemented by all Commercial Banks, RRBs, State Cooperative

Banks, DCCBs/ PACS, SCARDBs etc. The credit facility extended under the Scheme is

of the nature of a composite loan including term loan/ revolving cash credit. NABARD is

the nodal agency for implementation of the Scheme.

Progress as on 31st March 2016:

Against the annual target of 1000 Swarozgar Credit Cards for the State, only three bank

have issued 8 SCCs amount to Rs.5.95 lakh only.

As regards the cumulative progress from inception of the scheme, banks have issued

total of 281 SCCs involving an amount of Rs.99.77 lacs. Details of achievements of

banks are given in Annexure-J for information of the House.

House is requested to deliberate upon the issue


Flow of credit under Credit Guarantee Fund Trust Scheme for MSMEs:

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32

The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE) was

launched by the Government of India to make available collateral-free credit to the

Micro and Small Enterprise sector. The existing and the new enterprises are eligible to

be covered under the scheme. The Ministry of Micro, Small and Medium Enterprises

and Small Industries Development Bank of India (SIDBI), established a Trust named

Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to

implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises. The

scheme was formally launched on August 30, 2000.

Progress in J&K State as on 31st March, 2016:

Under the cover of Credit Guarantee Fund Trust Scheme for MSMEs banks have

disbursed an amount of Rs.1,105.16 Crore in favour of 54,435 beneficiaries in J&K

State up to 31st March, 2016. Bank-wise details are given in Annexure-K.

Major contributors in J&K State are:

J&K Bank … Rs.538.27 Crore (49%),

State Bank of India … Rs.299.86 Crore (27%) and

PNB … Rs.121.87 Crore (11%)

The house is requested to review the position and deliberate on the issue.

SEGMENT – 3 (FINANCIAL INCLUSION, FLCCs and Credit Plus Activities)


FINANCIAL INCLUSION PLAN (FIP) OF J&K STATE:

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33

RBI directive for providing banking services through Brick & Mortar branches in

villages with population of more than 5000:

RBI vide Circular No. RBI/2015-16/277 (bearing FIDD. CO. LBS.BC. No.

82/02.01.001/2015-16) dated December 30, 2015 observed that coverage of banking

services in unbanked villages is “skewed towards the BC model” and the ratio of

branches to BC is very low and emphasized that for increasing banking penetration

and financial inclusion, brick and mortar branches are an integral component.

Accordingly, as per RBI directives 104 villages having population >5000 without a

bank-branch of Scheduled Commercial Banks were identified in J&K State (as per

Census 2011), which were allocated by J&K SLBC among 8 major banks operating in

the State for opening branches – process to be completed by March, 2017. The relative

Roadmap alongwith the achievement of concerned banks as on 31st March, 2016 is

given below:

Roadmap for opening of branches in villages with population >5000:

S. No.

Name of the Bank Number of

existing branches

in the State as on 31st

Mar, 2016

Total business

in J&K as on 31st

Mar., 2016

(Rs. in Crores)

Number of villages with population >5000 allocated

for opening of new branches

Achieve-ment as on 31st

March, 2016

From January 2016 to March, 2016

From April

2016 to March 2017

TOTAL

1 J&K Bank 740 78,837 7 33 40 01

2 State Bank of India 188 18,466 3 17 20 …

3 Punjab National Bank 104 7,430 2 10 12 …

4 HDFC Bank 73 3,525 2 9 11 …

5 ICICI Bank 36 893 1 5 6 …

6 Canara Bank 32 938 1 4 5 …

7 UCO Bank 20 709 1 4 5 …

8 Central Bank of India 19 776 1 4 5 …

TOTAL 1212 1,11,574 18 86 104 01

Against target of 18 branches as at the end of March, 2016 only one branch stands opened.

Bank-wise / Village-wise details are given in Annexure-L.



a) Implementation of Electronic Benefit Transfer (EBT) Scheme in J&K State:

b) Issuance of Aadhaar Cards in J&K State - seeding of Aadhaar numbers to Bank Accounts:

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a) Implementation of Electronic Benefit Transfer (EBT) Scheme in J&K;

Strategy, guidelines on Financial Inclusion issued by GoI, MoF, DFS vide Circular dated

21.10.2011 require that benefits and subsidies under various Government Schemes must be

transferred electronically into the accounts of the beneficiaries and such basic banking accounts

have to be opened by banks under Financial Inclusion to facilitate direct transfer of such

benefits and subsidies.

In J&K State Finance Department, J&K Govt. is the umbrella department to coordinate, oversee and facilitate roll out of EBT.

J&K Bank stands designated as Leader Bank for all districts of the State;

MoU between Finance Department, J&K Govt. and Leader Bank (J&K Bank) was signed on 26th November 2013 for hassle-free implementation of EBT Scheme.

EBT Scheme has so far been implemented in ten districts of the State i.e., Srinagar,

Ganderbal, Jammu, Rajouri, Kargil, Leh, Doda, Ramban, Samba and Shopian and benefits

under IGNOAPS are being successfully transferred into the accounts of beneficiaries.

The data validation in respect of the remaining 12 districts is under process and up to 31st

March, 2016 against total number of 1,16,053 accounts received by J&K Bank (Leader Bank)

from various banks for the purpose of validation 1,05,044 accounts stand already validated,

district-wise details whereof are given in Annexure–M

b) Progress achieved in issuance of AADHAAR Cards in J&K State:

Latest progress report received from IT Department, J&K Govt. indicates as under:

1 Total population of the State 1,25,41,302

2 No. of Biometric enrollments uploaded 77,36,346

3 Total No. of Aadhaar Cards issued 81,17,999

4 %age of Aadhaar Cards issued 64.73%

5 Total Number of bank accounts in the State 1,35,43,671

6 Accounts where Aadhaar No. has been seeded 6,98,535

The district-wise statistical data received from IT Department, J&K Govt. and bank-wise

details of seeding of Aadhaar numbers in bank accounts are given in Annexures-M1 &

M2 for information of the house.

Progress in seeding of Aadhaar into bank accounts is quite dismal

House may deliberate the issue


Branch Expansion Plan of Banks in J&K State:

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35

The consolidated BEP for FY 2015-16 (which also includes the Backlog of Previous

Year’s BEP) for J&K State and allocation of regular brick and mortar branches to

identified rural unbanked (Tier 5 to Tier 6) centers by the banks and the progress made

thereof up to 31st March, 2016 is given hereunder:

S. No.

Name of the Bank Previous years

Backlog

Fresh BEP for FY

2015-16

BEP TARGET 2015-16

Out of Col. 4, No. of

branches planned to be

opened in unbanked

villages having population

<10000

ACHIEVEMENT UPTO 31st March, 2016

No. of branches

opened out of Col. No.

(4)

Out of which branches opened in unbanked villages having

population <10000

(1) (2) (3) (4) (6) (7) (8)

1 J&K Bank 63 74 137 56 38 11

2 SBI 27 11 38 13 3 1

3 PNB 3 10 13 0 3 0

4 UCO Bank 12 0 12 11 0 0

5 Canara Bank 2 0 2 0 0 0

6 ICICI BANK 2 1 3 0 1 0

7 JKGB 19 2 21 4 0 0

8 Syndicate Bank 0 2 2 0 2 0

9 ACC Bank 2 0 2 0 0 0

10 IDBI Bank 3 0 3 0 1 0

11 JKSCB 4 1 5 1 5 1

12 Allahabad Bank 5 0 5 0 0 0

13 Dena Bank 0 2 2 0 0 0

14 UBI 0 1 1 0 1 0

TOTAL 142 104 246 85 54 13

Detailed branch-wise progress is given in Annexure-N for information of the house.

Opening of 54 branches against target of 246 branches is not satisfactory.

House is requested to deliberate the issue.


Financial Literacy initiatives in J&K State:

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In J&K State 22 Financial Literacy Centres (FLCs) are operating – 12 FLCs established

by J&K Bank and 10 FLCs established by State Bank of India in their respective lead

districts.

Revised RBI Guidelines

Reserve Bank of India vide Circular No. RBI/2015-16/286 issued under

FIDD.FLC.BC.No.18/12.01.018/2015-16 dated January 14, 2016 has issued revised

guidelines for conduct of financial literacy camps by FLCs and rural branches of banks,

which shall be in supersession of the previous guidelines dated June 6, 2012 and

January 31, 2013. The RBI circular, stands already circulated to banks on 21.01.2016.

However, main contents of the same are reproduced below for information of the house:

“Subsequent to the financial inclusion efforts by RBI and opening of accounts by

banks through PMJDY, considerable ground has been covered in the field of

financial inclusion. Going forward the focus is going to be on keeping the already

opened accounts active. Financial literacy is central to this in the coming years as it

enables consumers to understand the benefits of formal products and providers and

to make choices that fit their needs and represent good value for money.

FLCs and rural branches of banks may adopt a tailored approach for different target

groups viz. farmers, micro and small entrepreneurs, school children, SHGs, senior

citizens etc. There should also be adequate synchronization at the ground level

between the different stakeholders viz. LDM, DDM of NABARD, LDO of RBI, District

and Local Administration, Block level officials, NGOs, SHGs, BCs, Farmers’ Clubs,

panchayats, PACS, village level functionaries etc. during the conduct of financial

literacy camps”.

New Target for conducting camps:

As per the new guidelines, each FLC is required to organize one camp per month

for each target group, like Farmers, SHGs, Micro & Small Entrepreneurs, Senior

Citizens, School children etc. besides conducting minimum one outdoor special

camp per month for a period of one year for people newly included in the

financial system including PMJDY Account-holders.

During Q4 of FY 2015-16 the FLCs operating in the State have conducted 146 Special

Camps for newly included people in financial system including PMJDY Account holders

and 128 Target Group Specific Camps. District-wise details (as per the revised

reporting mechanism) are enclosed as Annexure-O & O1 respectively.


(ii) Financial Literacy initiatives by rural branches of banks in J&K State:

As per the new guidelines, like the FLCs, each rural branch of banks is required to

organize One camp per month for each target group, like Farmers, SHGs, Micro & Small

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Entrepreneurs, Senior Citizens, School children etc. besides conducting minimum one

outdoor special camp per month for a period of one year for people newly included in the

financial system including PMJDY Account-holders.

Besides, in the meeting of Committee constituted for implementation of 12 major action points

suggested in RBI Study Report (held on 5.12.2015), it was emphasized that with a view to

reducing knowledge gap and stepping up financial literacy campaign all banks would carry out

mandatory financial literacy programmes through their rural branches in a mission mode.

Progress achieved during the Q4 of FY (2015-16) is given hereunder:

S. No.

Name of the Bank No. of Rural

branches

Number of Special Camps

conducted during the

quarter.

Number of target specific

camps conducted during the

quarter

Target Group addressed

(i) Public Sector Banks:

1

State Bank of India 84 173 69 FARMERS, MSME, SR. CITIZENS,

SHGS.

2 Punjab National Bank 34 18 19

Farmers, SHGs, Schools, MSMEs,

JLGs, Sr. Citizens

3 UCO Bank 5 24 24 Detail Not provided

4 Central Bank of India 4 12 12 Details not provided

5 Canara Bank 7 13 13 Others

6 Punjab & Sind Bank 3 4 1 Farmers

7 Union Bank of India 2 5 5 Farmers, Small Traders

8 OBC 4 9 9 Schools, Senior citizens.

9 Bank of India 2 6 6 PMJDY A/C Holders, Farmers

10 Allahabad Bank 1 2 2 Details not provided

11 Indian Overseas Bank 1 2 1 SC/ST

12 Corporation Bank 1 4 2

13 Indian Bank 1 2 0

SUB-TOTAL (i) 149 274 163

(ii) Private Sector Banks:

14 J&K Bank 444 497 161

Farmers, MSME, Students, SHGs, Sr.

Citizens, Women, Fishermen, Weavers,

Artisans

15 ICICI Bank 5 15 0 NA

16 HDFC Bank 18 00 00 NA

17 Axis Bank 11 40 33 Farmers

SUB-TOTAL (ii) 478 552 194

(iii) Regional Rural Banks

18 J&K Grameen Bank 173 550 463 Farmers, SHGs, Schools, MSMEs,

JLGs, Sr. citizens.

19 Ellaquai Dehati Bank 106 24 19 Farmers, MSEs, SHGs.

SUB-TOTAL (iii) 279 574 482

TOTAL (i) to (iii) 906 1400 839




38

Performance of Rural Self-Employment Training Institutes (RSETIs) in J&K State -

Allotment of land by State Government:

In compliance with the guidelines issued by MoRD, Govt. of India, vide Ref. No.

No.I.12011/19/2008-SGSY(C) dated 07.01.2009, Rural Self Employment Training Institutes

(RSETIs), with the objective of providing self-employment training programmes to the youth for

their skill development, have already been established in 21 districts of J&K State leaving

District Kargil yet uncovered by State Bank of India.

In the 99th SLBC meeting DGM, SBI informed the house that their Corporate Centre has taken a

stand that RSETI at Kargil would not be feasible owing to reasons given below:

District Administration has not been able to provide land for RSETI Kargil;

No premises is available there on rent for establishing the RSETI;

Kargil remains cut off from rest of the State for several months due to snowfall

and people migrate to Jammu and Srinagar during that period and majority of

youth go out of Kargil for higher studies.

However, J&K SLBC made it clear that delaying RSETI in a district like Kargil is not acceptable

& advised SBI to operationalize RSETI in District Kargil as soon as possible.

SBI to inform latest status regarding operationalizing the RSETI in district Kargil.

(i) Performance of RSETIs in J&K State during CFY & from inception of the programme:

Target 2015-16 Progress during FY 2015-16 (Q1+Q2+Q3+Q4)

Name of the Bank

No. of Program

mes

Candidates Total No. of Programmes conducted

Total No. of Persons Trained

No. of persons

credit linked

Out of which No. of persons

started ventures

JKB 245 6910 249 6894 1610 1610

SBI 145 3490 156 3297 832 830

TOTAL 390 10400 405 10191 2442 2440

Position since inception till 31.03.2016

Out of total, Settled Candidates up to 31.03.2016

Name of the Bank

No. of candidate

trained

No. of Candidates

settled

%age of Settle-ment

No. of Candidates

availing Bank Finance

No. of Candidates

Self-financed

No. of Candi-dates in

wage employment

%age of Credit

linked to total settled

JKB 21,812 14,178 65% 5,093 5,485 3,029 36%

SBI 10,794 6,282 58% 1,666 3,317 1,273 27%

TOTAL 32,606 20,460 63% 6,759 8,802 4,302 33%

District-wise details of RSETIs are given in Annexure-P.

In light of the above figures the house is requested to deliberate the issue. ii) Allotment of land by State Government:

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As per MoRD, GoI Guidelines land for establishing RSETIs has to be provided by concerned

State Government, free of cost. GoI will provide one-time grant assistance to the RSETIs,

upto a maximum of Rs.1.00 Crore for meeting the expenditure on construction of building /

furniture. The GoI guidelines provide that “if allotment of land by State Government to

RSETIs takes time, banks may start functioning immediately from hired premises. Rent

for hiring of premises may be borne upto a maximum of Rs.10.00 lakh, for a period not

exceeding three years, out of the Rs.1.00 Crore grant of GoI.”

The issue had come up for discussion in 100th SLBC meeting wherein Chairman & CEO, J&K

Bank pointed out that all the RSETIs are operating from rented premises due to non-allotment of

land by State Govt. and requested for early resolution of the issue to enable the RSETIs to

acquire funding support of Rs.1.00 Crore from MORD, GoI. Financial Commissioner (Planning

& Dev.), J&K Govt., had assured to revert back on the issue after the Video Conference which

the State Govt. was scheduled to hold with all the Deputy Commissioners on various issue

including allotment of land to RSETIs. But there has been no progress in the matter so far.

Detailed report regarding allotment of land to RSETIs is provided in Annexure-P1.

Govt. of J&K to inform latest status in the matter.

House is requested to deliberate upon the issue


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Performance review of LDMs/ DLRCs & DCCs:

The High Level Committee (HLC) of RBI to review Lead Bank Scheme has

recommended that “various fora at lower levels should give adequate feedback to the

SLBC on various issues that need to be discussed on a wider platform. Important

issues/ decisions of the BLBC, DCC and DLRC should be placed before the next

meeting of the SLBC, so that these receive adequate attention at the State Level.

Conduct of DCCs and DLRCs meetings:

The periodicity of conducting DCC and DLRC meetings envisaged by RBI is being

complied with by all the LDMs in J&K State and these meetings are being conducted

regularly. The detailed statements of DLRC / DCC meetings conducted during the

quarter ended March, 2016 are enclosed as Annexure-Q & Annexure-Q1 for

information of the house.

District-wise Credit Deposit Ratio:

Based on the data provided by banks operating in the State, C.D. Ratio of each district

as on 31st March, 2016 is tabulated hereunder for information of the house:

S. No.

Name of District

C.D. Ratio (%age)

Remarks S. No.

Name of District

C.D. Ratio (%age)

Remarks

Lead Districts of J&K Bank Lead Districts of SBI

1 Srinagar 49.00 … 13 Samba 54.27

2 Ganderbal 69.90 … 14 Kathua 43.11

3 Baramulla 74.08 … 15 Udhampur 30.18 Low CD Ratio

4 Bandipora 70.38 … 16 Reasi 31.25 Low CD Ratio

5 Anantnag 66.18 … 17 Jammu 31.67 Low CD Ratio

6 Kulgam 81.27 … 18 Doda 32.93 Low CD Ratio

7 Pulwama 79.73 … 19 Ramban 29.29 Low CD Ratio

8 Shopian 125.24 … 20 Kishtwar 27.24 Low CD Ratio

9 Budgam 72.69 … 21 Leh 26.10 Low CD Ratio

10 Kupwara 74.75 … 22 Kargil 30.67 Low CD Ratio

11 Poonch 22.16 Low CD Ratio

12 Rajouri 27.68 Low CD Ratio

The detailed statement showing District-wise/ Agency-wise Credit Deposit Ratio is given

in Annexure-R.

From the above table it is observed that ten districts of the State continue to have

discouraging and subdued C.D. Ratio. These districts are: Jammu, Udhampur, Reasi,

Doda, Ramban, Kishtwar, Rajouri, Poonch, Leh and Kargil.

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In the 100th meeting of J&K SLBC held on 19.03.2016 the Chief Secretary observed

that in the aforesaid ten districts Sub-Committees of DCC were required to discuss the

issue and take corrective measures to ensure notable improvement in the C.D. Ratio,

but so far nothing has been done in the matter. He stressed the need for addressing

this problem at the earliest. All concerned Lead District Managers were advised to

look into the matter and activate the “Special Sub-Committees of DLCC to monitor

the CD Ratio” for doing the needful as required in terms of RBI guidelines conveyed

vide Circular No. RBI/2005-06/202 dated November 9, 2005.

Lead District Managers of concerned districts to inform the house about the

measures taken for improving the Credit Deposit Ratio.

House may deliberate on the issue


Introduction of Gold Monetization Scheme (GMS):


42

Government of India has introduced the Gold Monetization Scheme (GMS) with the

objective of mobilizing the idle gold held by households and institutions in the country

and making it available for productive use. Long term objective of this scheme is to

reduce the current account deficit by reducing the country’s reliance on the imports of

gold to meet the domestic demand. This scheme has been designed to ensure better

infrastructure, faster processing and transparency in depositing the gold. It also

provides greater choice to the depositors in terms of the amount of deposit, tenure,

redemption and interest rate. The scheme is being implemented by the banks.

Reserve Bank of India, Department of Banking Regulation, C.O. Mumbai, has already

issued the Master Direction regarding the Scheme vide Circular No. RBI/2015-16/211

issued vide DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015

In this regard the Government of J&K vide letter No. FD/Bkg/02/2016 dated 18.03.2016

have desired as under:

a) J&K SLBC should come up with a model proposal for establishment of designated collection and hallmarking / assaying centers; and

b) Direct the Member Banks to conceptualize and implement promotional

programmes to make the scheme popular in the State.

Accordingly the details of the GMS have already been forwarded to all Scheduled

Commercial Banks (Except RRBs) operating in J&K State with the advice to

Conceptualize and implement promotional programmes to make the scheme popular in

the State and Submit their view-point / feedback regarding establishment of designated

collection and hallmarking/ assaying centers in J&K State, which should reach this office

within a week’s time positively. But despite lapse of considerable time, the feedback

from SCBs is still awaited.

Member Banks may give their view point in the matter

House is requested to deliberate the issue so that a model proposal for

establishment of designated collection and hallmarking / assaying Centres in J&K

can be drawn.


Rejuvenation of silk industry in J&K State:


43

In 95th meeting of J&K SLBC held on 3rd December 2014 on the instance of the Commissioner/

Secretary Agriculture Production Department, J&K Govt. house had decided as under:

Directorate of Sericulture, Government of Jammu & Kashmir to devise a scheme to

bring the sericulture within the purview of KCC disbursement and forward the

same to SLBC Secretariat/ Member Banks of J&K SLBC for examination.

In this regard a Sub-group was constituted, which held several meetings on the subject and

ultimately out of several options suggested by the Sub-group to start financing of Sericulture

Sector by banks in J&K State, the following option was recommended by the Sub-group for

implementation in J&K State, which was approved by J&K SLBC in its 98th meeting held on

30.06.2015:

Formation of Joint Liability Groups –JLGs:

The finance shall be provided to Sericulture Farmers in the form of Joint Liability

Groups (JLGs) with a maximum loan amount of Rs.50,000/- per member of the group.

The members of JLGs shall be built up in terms of capacity by the Sericulture

Department. Rate of interest will be as applicable to financing KCCs and shall attract

interest subvention. To start with, a project for forming and linking 100 JLGs of

Sericulture Farmers shall be considered by NABARD. AGM, NABARD, Srinagar Sub-

Office in coordination with Deputy Director, Department of Sericulture, Govt. of J&K

would formulate operational guidelines for subsequent financing. This will be done

on test basis in some selected blocks and then the scheme can be extended to other

areas as well.

In addition to above, the Sub-group had recommended that:

The State Government could consider extending incentives for purveying credit by way of subsidy which could enhance the quantum of credit.

The Sericulture Department will sponsor and identify farmers for financial assistance by banks. It would provide the SLBC approximate number of farmers to be financed in each district. The mechanism of the DLRC at district level would be the appropriate forum to coordinate for actual financing of Sericulture Farmers.

The activity and its financing would be reviewed by the Sub-Committee after six months of the actual initiation of the programme to bring about any revisions, if so considered necessary.

Subsequently responding to communication No.DS/Plan/2015-16/SLBC/2437 dated 07.10.2015

of Directorate of Sericulture, J&K Govt. seeking to devise a mechanism for sponsoring the

cases by the District Officers to banks for their respective areas under the JLG mode, J&K

SLBC Secretariat vide letter dated 10.11.2015 sought for providing the district-wise list of

sericulture farmers existing in the State, so that targets for the Scheme are accordingly fixed

and circulated to member banks. But till date there has been no response in this regard from the

Directorate of Sericulture.


44

However, recently, Director, Sericulture, J&K Govt. vide letter No. DS/Plan/2015-16/SLBC/3865

dated 19.01.2016 informed that as per feedback received from District Officers as well as from

the progressive sericulture farmers they have shown their preference for availing credit in the

individual capacity at par with Kissan Credit Card. As such the Director, Sericulture has

requested for consideration of the 2nd option suggested by the Sub-group constituted for

purpose.

Apart from the above, we are also in receipt of a communication bearing Ref. No.

KSFPLC/2015-16 dated 02.11.2015 from Chief Executive Officer, Kashmir Silk Farmer

Producer Company Ltd. Wherein while expressing gratitude to J&K SLBC for considering

Finance Scheme for Sericulture Sector, has requested for consideration of the Sericulture

Scheme for individual farmers for economic empowerment of Sericulture Farmers in J&K.

The Option-2 suggested by the Sub-Group constituted for devising a scheme to bring the

sericulture within the purview of KCC disbursement is given below for information of the house:

Option-2 (Finance for 300 trees):

Bank Finance of Rs.15,000/- for 300 trees shall be provided to Sericulture

Farmers through KCC Scheme for maintenance works. For any change in

the number of trees, the amount of finance would be increased or

decreased proportionately.

Term Loan: Total Project Cost of Rs.54,000/- (comprising Bank Finance

Rs.44,000/- and Farmer’s contribution Rs.10,000/-) shall be provided for

plantation activities and rearing kits, for 300 trees with the break-up of

Rs.14,000/- for plantation related investments and Rs.40,000/- for rearing

kits.

Regarding funding for Rearing House (Rs.1.25 lakh maximum) and Irrigation

facilities (maximum Rs.50,000/-), the treatment would be given on case to case

basis, based on security and income analysis by bank branches.

The Cash Credit of Rs.15000/- shall attract an interest rate as applicable to

KCC farmers in the state and the term loan of Rs.44000/- would be at a

concessional interest rate of 11.25% (fixed).


The Sub-group constituted for the purpose to reconsider the issue

SEGMENT-4 (SCHEMES LAUNCHED BY HON’BLE PRIME MINISTER)


45


Implementation of Pradhan Mantri Awas Yojana (Housing for All) in J&K State:

Pradhan Mantri Awas Jojana (Housing for All Scheme) was launched by Hon’ble Prime

Minister on 25th June, 2015 with the objective to address the housing requirement of

urban poor including slum dwellers and for promotion of Affordable Housing for weaker

section through credit linked subsidy.

Salient features of the Credit Linked Subsidy Scheme (CLSS) are as follows:

1) Beneficiary Family- Economically weaker section (EWS-Household Income

of upto Rs.3.00 lakh) and low income group (LIG- Household income of

above Rs.3.00 lakh and upto Rs.6.00 lakh), family not owning a pucca

house in the name of any of the family members in any part of India.

2) Geographical Coverage- All 4041 Statutory towns as per Census 2011.

Further, vide Circular dated 9th November, 2015, Ministry of Housing &

Urban Poverty Alleviation, Government of India, has notified that States/

UTs will have the flexibility to include in the mission, the planning area as

notified with respect to the statutory town and which surrounds the

concerned municipal area.

3) House should be in the name of female head of the household, including

joint name with male-head.

4) Interest subsidy eligibility at the rate of 6.50% for a maximum tenure of 15

years for loan amount upto Rs.6.00 lakh. The maximum subsidy amount is

about Rs.2.20 lakh.

5) Carpet area of the house/ flat is upto 30 square meters for EWS and 60

square meter for LIG.

In the Special SLBC meeting held on 12.09.2015 on the eve of visit of Governor,

Reserve Bank of India to Srinagar, the Hon’ble Finance Minister, J&K State

emphasized the need for promoting the said Scheme in order to give focused attention

to lending in Housing Sector in J&K State.

Housing & Urban Dev. Department, J&K Govt. has designated J&K Housing Board as

the Nodal / Sponsoring Agency for Srinagar and Jammu districts and District Urban

Development Agency (DUDA) for other districts of the State.

Pursuant to J&K SLBC letter dated 01.12.2015, Housing & Urban Dev. Deptt., J&K

Govt. vide letter No. HUD/Plan/108/2015 dated 11.12.2015 had belatedly conveyed a

total target of 3000 cases under Credit Linked Subsidy Component for J&K State with

the following district-wise allocation:

S. No.

Name of District

Target for FY

2015-16

Achievement as on

31.03.2016

S. No.

Name of District

Target for FY

2015-16

Achievement as on

31.03.2016


46

1 Srinagar 700 0 13 Jammu 600 0

2 Ganderbal 60 0 14 Samba 60 0

3 Budgam 90 2 15 Kathua 150 0

4 Anantnag 200 9 16 Udhampur 120 0

5 Kulgam 80 0 17 Reasi 60 0

6 Pulwama 100 0 18 Doda 60 0

7 Shopian 40 0 19 Kishtwar 40 0

8 Baramulla 190 0 20 Ramban 60 0

9 Bandipora 60 0 21 Rajouri 60 0

10 Kupwara 100 0 22 Poonch 60 0

11 Leh 60 0

12 Kargil 50 0 TOTAL 3000 11

The Scheme guidelines stand already circulated by J&K SLBC to all banks operating in

the State. Bank-wise progress is given in Annexure-S for information of the house.

Negligible performance during FY 2015-16 is attributed to late allocation of targets.

Hence, in order to ensure better performance Housing & Urban Dev. Deptt. is requested

to convey district-wise targets for CFY immediately, so that the same are timely

disseminated to LDMs / banks for smooth implementation.



Pradhan Mantri MUDRA Yojana (PMMY):

http://www.jkslbc.com/pdf/SLBCMeetingsPDF/101_SLBC/Annexure-S.xlsx


47

Department of Financial Services, Ministry of Finance, Govt. of India through letter

No.27/01/2015-CP/RRB dated May 14, 2015 addressed to CMDs of all Scheduled

Commercial and Cooperative Banks has instructed the banks that loans given to non-

farm income generating enterprises in manufacturing, trading and services whose credit

needs are below Rs.10 lakh will be known as MUDRA loans under the Pradhan Mantri

MUDRA YOJANA (PMMY) and shall also cover overdraft amount of Rs.5000/-

sanctioned under PMJDY, which shall also be classified as MUDRA loans under

PMMY. All such loans can be covered under refinance and / or credit enhancement

products of MUDRA.

Progress as on 31st March 2016:

As per reports received, the disbursement of loans by banks operating in J&K State

under the Prime Minister’s Mudra Yojana (PMMY) up to the end of March 2016 has been

as under:

(Amount in Crores)

S.No. Category Financial Target for CFY

Achievement as on 31.03.2016

%age of achievement

1 Shishu 361.66 63.11 17%

2 Kishore 1016.88 797.09 78%

3 Tarun 577.90 361.43 63%

TOTAL 1956.44 1221.62 62%

Details of disbursements are given in Annexure-T for information of the house.

The House is requested to deliberate upon the issue


Introduction of Prime Ministers’ Fasal Bhima Yojana (PMFBY):

http://www.jkslbc.com/pdf/SLBCMeetingsPDF/101_SLBC/Annexure-T.xlsx


48

Pradhan Mantri Fasal Bima Yojana (PMFBY), which was launched by Prime Minister on

13th January, 2016 across the country, aims at supporting sustainable production in

agriculture sector by way of:

a. Providing financial support to farmers suffering crop loss/damage arising out of

unforeseen events;

b. Stabilizing the income of farmers to ensure their continuance in farming;

c. Encouraging farmers to adopt innovative and modern agricultural practices; and

d. Ensuring flow of credit to the agriculture sector; which will contribute to food

security, crop diversification and enhancing growth and competitiveness of

agriculture sector besides protecting farmers from production risks.

Eligibility All farmers including sharecroppers and tenant farmers growing the notified crops in the

notified areas are eligible for coverage. However, farmers should have insurable interest

for the notified/ insured crops.

Implementation of PMFBY in J&K State:

Government of J&K, Agriculture Production Department, Civil Secretariat, Jammu vide

Government Order bearing No. 134-Agri. Of 2016 dated 05.04.2016, have accorded

sanction to the adoption of ‘Pradhan Mantri Fasal Bima Yojana’ for the State of

Jammu & Kashmir replacing the National Agricultural Insurance Scheme (NAIS) and

Modified National Agricultural Insurance Scheme (MNAIS) – Weather based as per the

operational guidelines of the Scheme circulated by the Department of Agriculture,

Cooperation and Farmers Welfare, Government of India, w. e. from Kharif 2016 and for

implementation in the State by Agriculture Production Department.

GoI Guidelines relating to the Pradhan Mantri Fasal Bhima Yojana have been released

by GoI on 18th February, 2016.

Government of J&K to inform latest status regarding notifying crops/

Geographical areas identified for coverage under PMFBY.




49

Pradhan Mantri Jan Dhan Yojana (PMJDY):

Pradhan Mantri Jan Dhan Yojana (PMJDY) a comprehensive Financial Inclusion

Package was launched across the country on 28th of August 2014 for ensuring access

to financial services by all and timely adequate credit to the excluded sections, i.e.,

weaker sections and lower income groups of the country. It emphasizes on an urgent

need to push the Financial Inclusion among the financially excluded segment of the

society so as to have financial stability and sustainability of economic and social order.

The consolidated progress on number of accounts opened under Pradhan Mantri

Jan Dhan Yojana upto 31st March, 2016 is given below:

S. No

Bank No. of A/Cs opened No. of RuPay Debit Cards

issued

No. of Zero balance

accounts Rural Urban Total

1 Public Sector Banks 2,14,837 1,51,427 3,66,264 3,13,694 81,913

2 Private Sector Banks 11,65,920 1,28,266 12,94,186 11,30,685 6,05,428

3 RRBs 1,01,666 34,884 1,36,550 40,239 58,198

4 Cooperative Banks 7,979 3,955 11,934 2,171 5,089

Total 14,90,402 3,78,532 18,08,934 14,86,789 7,50,628

J&K Bank with 12,86,607 accounts contributes 71% of the total accounts

opened under the scheme by all the banks together upto 31st March, 2016.

Zero Balance Accounts have been reduced from 8,60,129 as on 31.03.2015

to 7,50,628 as on 31.03.2016

The detailed bank-wise progress is given in Annexure-U

This is for information of the house.


http://www.jkslbc.com/pdf/SLBCMeetingsPDF/101_SLBC/Annexure-U.xls


50

Progress regarding three Social Security Schemes 1) Pradhan Mantri Jeevan Jyoti

Bima Yojana (PMJJBY), 2) Pradhan Mantri Suraksha Bima Yojana (PMSBY) and 3) Atal

Pension Yojana (APY):

These three ambitious Social Security Schemes pertaining to the insurance and

pension sector were launched across the country by the Hon’ble Prime Minister on 9th of

May, 2015. The schemes along with relevant publicity material received from DFS,

MoF, GoI, were circulated by J&K SLBC to all members of the J&K SLBC for

implementation. Besides, all the banks, LDMs have been directed to launch vigorous

publicity campaign for promotion of these social security schemes.

Progress in enrolments in J&K State as on 31.03.2016:

Bank operating in J&K State have recorded a total of 7,93,882 enrolments under these

three schemes upto 31.03.2016, which includes PMJJBY=2,47,769 PMSBY=5,27,039

and APY =19,074 enrolments.

Major contributors in J&K State are J&K Bank with 3,80,518 enrolments, State Bank

of India with 1,62,168 enrolments, Punjab National Bank with 59,196 enrolments,

J&K Grameen Bank with 52,619 enrolments, Ellaquai Dehati Bank with 33,656

enrolments, and other banks with 1,05,725 enrolments. Scheme-wise/ Agency-wise

progress is given in Annexure-V for information of members.

Banks/ Insurance Companies to inform progress in the matter



Stand-up India Programme launched by Hon’ble Prime Minister on April 5, 2016:

http://www.jkslbc.com/pdf/SLBCMeetingsPDF/101_SLBC/Annexure-V.xlsx


51

“Stand Up India” Scheme has been launched by Hon’ble Prime Minister on April 5,

2016 to be implemented by all Scheduled Commercial Banks (except RRBs). Objective

of the Programme is to facilitate bank loans between Rs.10.00 lakh and Rs.1.00 Crore

to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at

least one Women borrower per bank branch for setting up a Greenfield

Enterprise. This enterprise may be in manufacturing, services or trading sector. In case

of non-individual enterprises at least 51% of the shareholding and controlling stake

should be held by either an SC/ST or Woman entrepreneur. Scheme Guidelines have

already been circulated to Banks operating in the State.

As conveyed by NABARD vide letter No. NB.JKRO/OFDD/Stand Up India/2016-17

dated 6.5.2016, LDM and DDM offices have been designated as Stand-up Connect

Centres (SUCC) to play crucial role in identification of borrowers, capacity building at

district level, data collection about progress and handholding of entrepreneurs. SIDBI

has developed a comprehensive portal www.standupmitra.in for effective

implementation of the Scheme. Member banks have been advised to route the loan

applications through the said portal.

At the request of NABARD all the LDMs have already been advised to organize district-

level awareness workshop in coordination with DDMs of NABARD in order to create

awareness about the ‘Stand-up India’ initiative latest by 31st May, 2016, to focus on the

guidelines of the scheme and the portal developed for the purpose by SIDBI.

The Stand-up India Scheme is being closely monitored by a National level Steering

Committee under the Chairmanship of Hon’ble Minister of Finance and 5 Ministers from

Union Cabinet, 3 members of Parliament, besides, CMDs of NABARD, SIDBI and

Chairman, DICCI as members.

Member banks are advised to implement the scheme and report progress to SLBC

Secretariat regularly, as the progress under the Scheme shall be reviewed in the

meetings of J&K SLBC regularly henceforth.


http://www.standupmitra.in/

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