Provide quality services: Punjab govt to banks

Punjab government today asked banks to keep welfare of the people in the state uppermost on their minds and provide quality banking services in a time-bound manner.
Stressing on making further improvements in the functioning, state chief secretary Sarvesh Kaushal said every bank should institute incentive mechanism for employees performing exceedingly well in the targeted areas with a provision to dis-incentivise those who are non-performers, besides reviewing the overall institutional functioning on a fortnightly basis.
Under Pradhan Mantri Awas Yojana, efforts are being made by the banks for successful implementation of the scheme, Kaushal said this at 139th State Level Banking Committee (SLBC) meeting here today.

He further urged all bankers to complete the loan disbursement of the beneficiaries in a time bound manner.
While analysing the negative trend of Credit Deposit Ratio (CDR), the Chief Secretary called upon the bankers to give more advances in the state especially in priority sector to further increase the CDR.
Chief Secretary was also informed that under Pradhan Mantri Jan Dhan Yojana, the banks in the state had opened 58.68 lakh accounts and out of which 85 per cent accounts have been issued Rupay cards.

The official asked all banks to provide the list of pending cards and all the Deputy Commissioners to create awareness about the scheme and associated insurance plans.

He further said that nearly 84 per cent of the beneficiaries have their accounts activated with the issuing of RuPay cards thus proving to be vital in providing of insurance cover to them.
He also laid emphasis on strengthening the system of 'Bank Mitras' apart from giving further impetus to the Pradhan Mantri Suraksha Bima Yojna (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY), Atal Pension Yojna (APY), Pradhan Mantri Awas Yojna-Housing for All describing these of utmost importance in making the banking sector citizen-friendly.
The Chief Secretary further called upon the bankers to meet the target of disbursement of Rs 1,578 crore in the state under MUDRA scheme (Micro units Development and Refinance Agency).

Member banks were requested to chalk out strategy for not only achieving the targets but to surpass the convincingly this year.
Reviewing the Stand Up India scheme under which state banks have considered only 6,150 cases against the target of 12,526 cases, all the Deputy Commissioners shall be asked to hold frequent meetings of district level implementation committees to create awareness.