Samba village enabled for digital banking

Our Correspondent

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Samba, February 13

Badali village of Samba has been enabled for digital payments with every household owning a bank account and promotion of digital banking, e-payments and cashless transactions by the district administration, JK Grameen Bank and NABARD.

Besides, Smailpur village of Bari Brahmana block has been taken up next under the initiative of expanding digital banking system. This was disclosed in the meeting of bankers and district/sectoral officers chaired by the District Development Commissioner, Samba, Sheetal Nanda, to review the progress and performance of banks in key areas relating to deposits, advances and priority sector lending for the quarter ending December, 2016.

The Lead Bank Manager, Veerji Koul, gave a detailed account of the performance of banks during the quarter under priority sectors, deposits and advances. The District Development Commissioner directed banks to expand the reach of financial literacy programmes with specific focus on the rural areas. She directed bank officials to bring all uncovered eligible beneficiaries under the ambit of the Prime Minister Social Security Schemes and make customers aware of renewal of the insurance policies and ensuring their continuance.

The meeting was informed that Rs 46.49 crore had been disbursed under the Mudra Yojana during the quarter and Kissan Credit Cards had shown growth for the first time during the current financial Year. The District Development Commissioner directed officials to offer credit facility to financially viable mushroom growers of the Sumb block, besides focusing on joint liability and self-help groups and women beneficiaries who had immense potential.

Reviewing the performance of government-sponsored cases, the District Development Commissioner directed officials to follow up their sponsored cases and facilitate the applicants. It was informed that loan recovery had considerably improved with the intervention of the district administration. The DDM, NABARD, Surinder Singh, asked bank officers to ensure that timely, adequate and hassle-free loan was provided to the deserving applicants.

The CPO, Samba, Jasbir Singh, LDO, RBI, Abhilasha Diwakar, GM, DIC, Varinder Kumar Manyal, bankers and heads of various departments attended the meeting.