The 1st meeting of Steering Committee to SLBC (Punjab) for the year 2016-17 to discuss the data for quarter ended March-2016 would be held on 27.04.2016 at 3.00 P.M. in Conference Room, Zonal office, 1st floor, PNB House, Sector-17B, Chandigarh. Following issues shall be taken up for discussions in the meeting:-
Item No. 1 / Confirmation of Minutes of 4th Meeting of Steering Committee to SLBC (Punjab) for 2015-16 held on 08.02.2016.Last meeting of Steering Committee / 4th (2015-16)
Held on / 08.02.2016
Minutes e-mailed/Circulated on / 18.02.2016
Comments received / NIL
No comments were received from any quarter. The house may confirm the circulated minutes.
Item No. 2 / Pradhan Mantri Jan Dhan Yojana, Activation of Rupay Card, Monitoring of Zero Balance Accounts & Appointment of Bank Mitras & Status of Micro ATMs .Punjab State has been declared as Saturated under Pradhan Mantri Jan Dhan Yojana, the flagship programme of Govt. of India, which envisages, Accidental Insurance of ` 1 lac, Life Insurance cover of ` 30000/-, Issuance of Rupay Debit Card to every account holder. The bank wise position in Appointment of Bank Mitras, opening of accounts, issuance/activation of Rupay Card, Aadhaar Seeding & status of Micro ATM is given at Annexure 1 for information of the house.
The house may deliberate.
Appointment of Bank Mitras by UCO Bank is pending since long. During the deliberations in the 4th Steering Committee meeting held on 08.02.2016, the representative of UCo bank informed the house that the identification of Bank Mitras will be completed in next 7 days and remaining Bank Mitras will be appointed in January 2016 itself.
The representative of UCo Bank is requested to apprise the house the latest position in appointment of Bank Mitra at the remaining centres.
Item No. 2(i) / Holding of Meeting at Branches on Distribution and Activation of Rupay Debit Card and on Financial Literacy.Department of Financial Services, Ministry of Finance, Government of India vide communication dated 7th December 2015 has informed that only 32% of the Rupay cards are active. Activation of Rupay Debit Cards is necessary to get the insurance claim under the Rupay Card. The Rupay card needs to be swiped in an ATM or POS machine within 90 days prior to the date of incident resulting in accidental death/permanent disability. The reasons for some cards not having been activated have been reviewed by MoF and these may be:
a) Cards lying in bank branches not yet delivered to the account holders.
b) PINs lying in banks or in Post Offices not yet delivered to the account holders.
c) Account holders being unaware that even if no money is to be withdrawn from the account, the card needs to be swiped every 90 days to keep the insurance cover alive. This is relevant even in zero balance PMJDY accounts.
Ministry of Finance has already advised to organize Rupay Card distribution meetings at each branch of the bank, from 19.12.2015, where steps would also be taken to activate the already distributed Rupay Cards. During the deliberations in the 135th meeting of SLBC held on 26.02.2016, while reviewing the progress, it was resolved that all the member banks will take steps for activation of Rupay cards and LDMs will review the progress in each DCC/DLRC meeting.
Member Banks were further requested to create awareness for activation of Rupay cards among their customers through SMS or other electronic and print media as customers are not aware that ATM card must be swiped every 90 days to keep the insurance cover alive.
Controlling heads of Banks having Lead Bank responsibilities in the State of Punjab are requested to ensure that meeting for distribution/activation of Rupay Card as desired by MoF are conducted and LDMs are reviewing the progress of the same.
Item No. 3 / Launch of Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) & Atal Pension Yojana (APY)As per the announcement in the Budget speech of 2015, two insurance schemes namely Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and a new pension scheme called Atal Pension Yojana (APY) were launched to move towards creating a universal social security system for all Indians especially the poor and the under-privileged.
In PMSBY, any person between the age of 18-70 years can subscribe to the scheme and the annual premium is ` 12/- per annum whereas in PMJJY, any person between the age of for 18-50 years can subscribe to the scheme and annual premium is ` 330/- per annum.
Department of Financial Services, Ministry of Finance, Govt. of India, vide their letter dated 28.12.2015 have informed that the last date for enrolment under PMJJBY (without self-certificate of good health) has further been extended from 30.11.2015 to 31.05.2016.
Further, Ministry of Finance has clarified that the last date for enrolment has also been extended beyond 30.11.2015 in PMSBY and there is no requirement of certificate of good health in PMSBY.
Under the Atal Pension Yojna Scheme (APY), depending upon their contributions, the subscribers, under the age of 40, would receive the fixed monthly pension of `1000 to ` 5000 at the age of 60 years.
The progress as on 31.03.2016 in respect of all the three schemes is as per Annexure-2.
Member Banks are requested to continue to make all efforts to create awareness and access under PMJJBY,PMSBY and APY to bring larger sections of the population within ambit of these social security schemes.
Ministry of Finance has recently amended Atal Pension Yojana (APY) to give an option to the spouse to continue to contribute for balance period on premature death of the subscriber. After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till the age of 60 years of the subscriber.
Member banks are requested to percolate the above amendment among the field functionaries for meticulous compliance of the same.
Item No. 4 / Pradhan Mantri MUDRA Yojana (PMMY)Micro Units Development and Refinance Agency Ltd (MUDRA) was launched by Hon’ble Prime Minister on April 8, 2015 as a new financial entity, for developing and refinancing last mile financial intermediaries like Banks, NBFCs, MFIs etc., who are in the business of lending to smaller of the micro enterprises in manufacturing, trading and service sector.
This priority is essential to enable growth and income generation amongst the hitherto unfunded or underfunded segments of our economy. Lending under MUDRA will focus on the unfunded segments of the Micro enterprises by granting the loans under three categories:-
Ø Shishu : Loans up to `. 50000
Ø Kishore : Loans above `. 50,000 and upto `.5.0 lakh
Ø Tarun : Loans above `. 5.0 lakh and upto `.10.0 lakh
Ministry of Finance has advised all PSBs to classify all the loans extended to non-farm enterprises in manufacturing, trading and services up to `10.00 lakh on or after 8th April 2015 as MUDRA loans under PMMY.
Ministry of Finance has further advised that the overdraft amount of `5000/- sanctioned under PMJDY is also to be classified as MUDRA loan under PMMY.
Bank wise targets under Shishu, Kishore & Tarun schemes were allocated by the Ministry of Finance. The bank wise targets vis-à-vis achievement is as per Annexure-3.
The house may deliberate.
Item No. 5 / Mapping of Industrial Training Institutes (ITIs), Vocational Training Partners (VTPs), Operational Centres (OCs) – Spread of Financial Literacy.In order to impart financial literacy to the participants in training programs under skill development at various Operational and Vocational Training centres and ITIs operating in the State of Punjab, Ministry of Finance has desired that all these centres be mapped with the Financial Literacy Centres operating in the State. Convener Bank has already got mapped all the 505 Industrial Training Institutes (ITIs), Vocational Training Partners (VTPs), Operational Centres (OCs) with the FLCs and the bank wise list has been sent to the respective banks. Member banks having control in these FLCS were requested to ensure to organize financial literacy meetings in these vocational training centers/ITIs in coordination with the District Administration where a significant numbers of people can be covered for financial inputs as desired byDepartment of Financial Services, Ministry of Finance.
During the deliberations in the 135th meeting of SLBC held on 26.02.2016, the house was apprised of the guidelines of DFS wherein procedure to be followed for spreading the Financial literacy has been prescribed. Banks were requested to ensure printing and distribution of FL material as per the specifications, for smooth implementation of the financial literacy initiative. The progress in conducting of camps in skilling centre is as under:-
No. of Skilling Centres mapped / No. of camps organized / No. of Trainees participated501 / 263 / 21017
(District wise position is as per Annexure: 4)
Member banks are again requested to ensure that the FLCs of their bank are conducting camps in skilling centers as per the guidelines of Ministry of Finance.
Item No. 6 / Verification Calls by Executives of State Call Centers to Bank Mitrs/BC AgentsFor universal access to banking facility bank mitra have been deployed in areas allocated to banks by SLBCs. As advised by banks, 2326 bank mitrs/BC Agents have been deployed by the banks in the State to provide various type of banking services to the customer under PMJDY.
Ministry of Finance has conducted a survey. Feedback received suggested that bank mitr sometimes are not available in the allotted SSAs/ villages. To ascertain/ verify the availability of bank mitr, it has been decided that executives of call centers/LDMs will make verification calls to each Bank Mitr/BC Agent working in their respective States. Call Centre/LDMs are submitting information about working/non working of Bank Mitras on weekly basis. Besides Convener Bank is also making verification calls to Bank Mitr/BC Agents. The feedback received from all the three is collated on regular basis and shared with Banks for taking necessary corrective action.
Status report on availability of Bank Mitra as on 21.04.2016State Name / Total No of Bank Mitra / Calls made to number of Bank Mitra / Call Responded by number of BM / Number of BM avalaible in allotted SSA
PUNJAB / *2326 / 2326 / 2212 / 1805
* Total no of bank mitra to be appointed are 2334, out of which 2326 Bank Mita have been appointed. Rest of 8 Bank Mitras are yet to be appointed by UCO Bank.
Bank wise detail of Bank Mitras who are not working is as under:
Name of the Bank / Bank Mitras not working
as on 15.04.2016 / Bank Mitras reported functioning by bank as on date / Latest position of Bank Mitra not working
SBOP / 99 / 76 / 23
P&SB / 41 / 25 / 16
OBC / 28 / - / 28
U-Co / 43 / - / 43
Allahabad Bank / 6 / 2 / 4
Andhara Bank / 1 / - / 1
BOB / 23 / 14 / 9
BOI / 16 / - / 16
BOM / 1 / - / 1
Canara Bank / 10 / 6 / 4
Indian Bank / 11 / 7 / 4
IOB / 14 / 10 / 4
SBI / 91 / - / 91
IDBI / 4 / - / 4
IndusInd Bank / 3 / 2 / 1
Sutluj Gramin Bank / 4 / 2 / 2
Punjab Gramin Bank / 22 / 7 / 15
Total / 417 / 151 / 266
Non working of Bank mitras at locations allotted is depriving population therein of banking facilities and defeating very purpose of Financial Inclusion .Controlling head of the banks whose Bank Mitras are not working are requested to inform the house of latest position regarding deployment and time line for completing the task. Further in order to monitor the working of Bank Mitras they are requested to make regular calls to them.
Item No. 7 / Providing of Banking Services in villages having no banking facilities with in 5 KM.Ministry of Finance has identified 2 villages in the State of Punjab, where there are no banking facilities within 5 Kms. The name of identified village of is appended below:-
Sr.No. / District / Sub District / Block / Village1 / Rupnagar / Rupnagar / Rupnagar / Majri
2 / Firozpur / Jalalabad / Guru Har sahay / Nau baram
Convener Bank has already requested LDMs of the concerned district for taking up the matter with the respective bank (whose service area, the said identified village falls in) for filling the gaps through bank mitra or branch or ATM network immediately. We have been informed by the LDMs that the villages identified in Ropar district falls in the service area of Federal Bank and village of Ferozepur District is in the service area of State Bank of Patiala.
Controlling heads of these banks are requested to provide the banking services in these villages immediately.
Item No. 8 / Implementation of DBT in Kerosene.Department of Financial Services, Ministry of Finance, Govt. of India, vide their e-mail dated 28th January,2016 has informed that Ministry of Petroleum & Natural Gas, as per the decision of Government of India has decided to implement DBT in Kerosene in 33 districts in 9 States w.e.f. 1st April, 2016. 3 Districts namely TaranTarn, Pathankot and Mohali have been identified for implementation of the DBT in Kerosene in the State of Punjab.
Convener Bank has already requested the Lead District Managers of these districts to assist the State Government and District Collectors for seeding the bank accounts in the database of kerosene beneficiaries for smooth implementation of DBT scheme.