SECOND MEETING OF STATE LEVEL FINANCIAL INCLUSION COMMITTEE, MADHYA PRADESH 15 SEPTEMBER 2016

Transcription

1 SECOND MEETING OF STATE LEVEL FINANCIAL INCLUSION COMMITTEE, MADHYA PRADESH 15 SEPTEMBER 2016

2 CONFIRMATION OF THE MINUTES 1 st SLFIC Meeting held on 02 nd June 2016 The Minutes of 1 st Meeting of State Level Financial Inclusion Committee held on 2 nd June 2016 was circulated to all concerned and has been uploaded on website of SLBC and website of DIF of M.P Government The actionable points have been indicated for desired action. No amendment/suggestion to the circulated minutes of the said meeting has been received, so far. Therefore, the house is requested to confirm and adopt the said minutes.

3 AGENDA» Formulation of strategies for Special drive on financial inclusion initiatives from 15th September 2016 to 31st October 2016.» Ensuring timely payment of wages to MGNREGA workers through Business Correspondents especially in Shahdol, Anuppur & Umaria Districts.» Progress under PMJDY» Status of Business Correspondents» Distribution of banknotes & coins through BCs.» Financial literacy» Pending applications under Sec. 14 of SARFAESI Act with Dist. Administration» Any other agenda with the permission of Chair

4 Special drive on financial inclusion initiatives from 15th September 2016 to 31st October 2016.» Pradhan Mantri Jan Dhan Yojana (PMJDY) national mission on financial inclusion was launched on 28th August 2014.» Subsequently other initiatives under financial inclusion have been launched by the Government including Pradhan Mantri Mudra Yojana (PMMY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY) and Stand Up India (SUI).» As these Schemes are Government s initiatives towards financial inclusion, it is felt necessary to accelerate the momentum so that benefits as envisaged are realized. Contd.

5 Special drive on financial inclusion initiatives from 15th September 2016 to 31st October 2016.» Accordingly DFS, GOI has launched a Special drive on financial inclusion initiatives from 15th September 2016 to 31st October 2016.» Under this drive at least 3 events per district will be organized during the period.» DFS has advised to convene a special SLBC meeting to chalk out detailed Programme for this drive.» A two track strategy is proposed by DFS to be adopted. Track 1 & Track 2» Track 1 will focus on the following activities. Contd.

6 Special drive on financial inclusion initiatives from 15th September 2016 to 31st October TRACK-I ACTIVITIES a) Aadhaar and mobile seeding of bank accounts b) RuPay card /PIN distribution and activation c) Facilitating aadhaar enrolment d) Financial literacy videos e) Increasing awareness about consumer induced transaction under the RuPay Insurance Program f) Grievance redressal g) Counseling and sensitization of BCs/Bank Mitras h) Increasing awareness on the 6 schemes of the Department viz. PMJDY, PMJJBY, PMSBY, PMMY, SUI and APY. Contd.

7 Special drive on financial inclusion initiatives from 15th September 2016 to 31st October TRACK-II ACTIVITIES» Track 2 will lay emphasis on providing the necessary handholding support to customers for credit linkage with a special focus on Pradhan Mantri Mudra Yojana and Stand Up India and increasing enrolments under social security schemes i.e. PMSBY, PMJJBY & APY.» The Collectors and LDMs will play a key role in the Special Drive by providing local level coordination with Banks & concerned agencies. Contd.

8 PROPOSED DATES FOR THE EVENTS» The events will be organized in all 51 districts of the State.» SLBC has proposed following dates for the events September: 20 & 22 October: 10, 12, 14, 17, 18, 19, 25 & 26»District wise date is shown in the next slide

9 PROPOSED DATE FOR EVENTS District Track-I Track-II Lead Campaign Campaign Campaign Bank Date-1 Date-2 Date-3 Agar Malwa BOI 12/10/ /10/16 26/10/16 Alirajpur BOB 22/09/16 10/10/ /10/16 Anuppur CBoI 18/10/16 21/10/16 25/10/16 Ashoknagar SBI 22/09/16 14/10/ /10/16 Balaghat CBoI 18/10/16 21/10/16 25/10/16 Barwani BOI 12/10/ /10/16 26/10/16 Betul CBoI 18/10/16 21/10/16 25/10/16 Bhind CBoI 18/10/16 21/10/16 25/10/16 Bhopal BOI 12/10/ /10/16 26/10/16 Burhanpur BOI 12/10/ /10/16 26/10/16 Chhatarpur SBI 20/09/16 14/10/ /10/16 Chhindwara CBoI 18/10/16 21/10/16 25/10/16 Damoh SBI 20/09/16 14/10/ /10/16 Datia PNB 22/09/16 10/10/ /10/16

10 PROPOSED DATE FOR EVENTS District Track-I Track-II Lead Campaign Campaign Campaign Bank Date-1 Date-2 Date-3 Dewas BOI 12/10/ /10/16 26/10/16 Dhar BOI 12/10/ /10/16 26/10/16 Dindori CBoI 18/10/16 21/10/16 25/10/16 East Nimar BOI 12/10/ /10/16 26/10/16 Guna SBI 20/09/16 14/10/ /10/16 Gwalior CBoI 18/10/16 21/10/16 25/10/16 Harda SBI 20/09/16 14/10/ /10/16 Hoshangabad CBoI 18/10/16 21/10/16 25/10/16 Indore BOI 12/10/ /10/16 26/10/16 Jabalpur CBoI 18/10/16 21/10/16 25/10/16 Jhabua BOB 22/09/16 10/10/ /10/16 Katni SBI 20/09/16 14/10/ /10/16 Mandla CBoI 18/10/16 21/10/16 25/10/16 Mandsaur CBoI 18/10/16 21/10/16 25/10/16

11 PROPOSED DATE FOR EVENTS District Track-I Track-II Lead Campaign Campaign Campaign Bank Date-1 Date-2 Date-3 Morena CBoI 18/10/16 21/10/16 25/10/16 Narsimhapur CBoI 18/10/16 21/10/16 25/10/16 Neemuch SBI 20/09/16 14/10/ /10/16 Panna SBI 20/09/16 14/10/ /10/16 Raisen CBoI 18/10/16 21/10/16 25/10/16 Rajgarh BOI 12/10/ /10/16 26/10/16 Ratlam CBoI 18/10/16 21/10/16 25/10/16 Rewa UBI 22/09/16 10/10/ /10/16 Sagar CBoI 18/10/16 21/10/16 25/10/16 Satna ALLAHA 22/09/16 10/10/ /10/16 Sehore BOI 12/10/ /10/16 26/10/16 Seoni CBoI 18/10/16 21/10/16 25/10/16 Shahdol CBoI 18/10/16 21/10/16 25/10/16 Shajapur BOI 12/10/ /10/16 26/10/16

12 PROPOSED DATE FOR EVENTS District Track-I Track-II Lead Campaign Campaign Campaign Bank Date-1 Date-2 Date-3 Sheopur SBI 20/09/16 14/10/ /10/16 Shivpuri SBI 20/09/16 14/10/ /10/16 Sidhi UBI 22/09/16 10/10/ /10/16 Singrauli UBI 22/09/16 10/10/ /10/16 Tikamgarh SBI 20/09/16 14/10/ /10/16 Ujjain BOI 12/10/ /10/16 26/10/16 Umaria SBI 20/09/16 14/10/ /10/16 Vidisha SBI 20/09/16 14/10/ /10/16 West Nimar BOI 12/10/ /10/16 26/10/16» The Chairman SLFIC is requested to advise Dist. Administration to convene a meeting with LDM & the coordinator of other banks/stakeholders and map the villages/panchayats with the bank branch of their area.» Such task to be completed before

13 Strategies suggested by DFS

14 Strategy 1: Field Unit Events COMPONENTS TO TACKLE DURING THE EVENTS» Aadhaar seeding in various categories of Bank accounts like Central Government Pensioners by 31st October 2016, all operative SB accounts by 31st March 2017, MNREGA accounts etc.» Mobile seeding in bank accounts» Arranging Aadhaar enrolment counter to facilitate customers, yet to be enrolled for aadhaar.» RuPay card distribution, Pins and activation with Provision of activation devices (Micro ATMs)» Orientation, counseling and sensitization of BCs/Bank Mitras to increase their level of activity.» Grievance redressal of public.» Involvement of Financial Literacy Centers in educating the beneficiaries about the benefits of Aadhaar seeding, RuPay Card usage, claims processing, on sanction & availing overdraft, importance of savings etc. through videos of financial literacy» Awareness about consumer induced transaction under the RuPay Insurance Program » Creating awareness on the 6 flagship schemes of DFS

15 Strategy 2: Publicity and communication to the account holders. 1. Media publicity and widespread awareness in advance through various channels like 2. Newspaper advertisement, 3. Television,Cinema 4. Radio 5. Display of banners/posters, 6. Distribution of pamphlets at branches, 7. SMS, telephonic contacts etc. 8. Sensitization of Branch staff and Pop up message on the computer screen Sharing of District wise/branch wise pending list of pensioners with branches to target individual pensioners and other customers for Aadhaar Seeding» Action for Publicity Sr. no. 1 to 4 may be undertaken by GoMP» Action for Publicity Sr. no. 5 to 8 should be undertaken by Banks of that district.

16 Strategy 3 : Incentivisation Use of Services of marketing officers, BCAs and staff members of the branch to be utilized with incentivisation of Bank Mitras Strategy 4: Enabling and simplifying multiple channels for aadhaar and mobile seeding

17 Progress under Pradhan Mantri Jan DhanYojana Particulars Position as on (In crores) Position as on (In crores) Growth over Number of PMJDY Accounts Balance held in the accounts Number of Zero Balance accounts % of Zero Balance accounts Number of Aadhaar seeding Aadhaar Seeding %

18 TRACK-I: Bank wise Status PMJDY No. in Lakhs Sr. No. Name of the Bank Total no. of A/cs Opened in PMJDY Balance held in the A/cs (In Crores) No. of RuPay Card Issued Aadhar seeding % % of Zero Bal. A/cs No. of RuPay Card Activation No. of Mobile seeding 1 Allahabad Bank Andhra Bank Axis Bank Bank of Baroda Bank of India Bank of Maharashtra Bharatiya Mahila Bank Canara Bank Central Bank of India CMPGB Corporation Bank Dena Bank HDFC Bank ICICI Bank IDBI Indian Bank

19 TRACK-I: Bank wise Status PMJDY No. in Lakhs Sr. No. Name of the Bank Total no. of A/cs Opened in PMJDY Balance held in the A/cs (In Crores) No. of RuPay Card Issued Aadhar seeding % % of Zero Bal. A/cs No. of RuPay Card Activation No. of Mobile seeding 17 Indian Overseas Bank MGB NJGB OBC Punjab & Sindh Bank Punjab National Bank SBBJ SB Travancore State Bank of India Syndicate Bank Uco Bank Union Bank of India United Bank of India Vijaya Bank Others Total

20 TRACK-I: Bank wise Status Social Security Schemes No. in Lakhs SR BANK Progress As on PMJJBY PMSBY APY TOTAL over Allahabad Bank Andhra Bank Bank of Baroda Bank of India Bank of Maharashtra Canara Bank Central Bank of India Corporation Bank Dena Bank IDBI Bank Ltd Indian Bank Indian Overseas Bank O.Bank of Commerce Punjab & Sind Bank Punjab National Bank Syndicate Bank

21 TRACK-I: Bank wise Status Social Security Schemes No. in Lakhs SR BANK Progress As on PMJJBY PMSBY APY TOTAL over Uco Bank Union Bank of India United Bank of India Vijaya Bank S.B. of Hyderabad S.B. of Mysore S.B. of Patiala S.B. of Travancore S.B.B. of Jaipur State Bank of India SUB TOTAL (PSB) HDFC Bank ICICI Bank AXIS Bank INDUSIND BANK KOTAK MAHINDRA

22 TRACK-I: Bank wise Status Social Security Schemes No. in Lakhs SR BANK Progress As on PMJJBY PMSBY APY TOTAL over KARNATAKA BANK RBL BANK FEDERAL BANK YES BANK SUB TOTAL (PVT BANKS) MGB CMPGB NJGB SUB TOTAL (RRB) APEX BANK GRAND TOTAL There is decrease in enrollments over March 2016 due to non-renewal of premiums

23 Ensuring timely payment of wages to MGNREGA workers through Business Correspondents especially in Shahdol, Anuppur& Umaria Districts» It has been complaint that MGNREGA workers do not receive their wages on time.» BCs are not effective in these districts for delivery of wages & social security pensions.

24 Ensuring timely payment of wages to MGNREGA workers through Business Correspondents in ShahdolDistrict» A meeting in Shahdol was held on for above issue. Meeting was Chaired by the Chairman MGNAREGA and attended by Govt. Officials & Banks. The outcome of the meeting after deliberation is as under: 1. The State Govt. officials will provide the list of Gram Panchayat attached to each bank branch and their daily schedule for payment. 2. On that day, beneficiary of only allotted Panchayat/s will receive the payment. 3. The BCs of the respective Panchayats will also converge at the branch to tackle the crowd for making payments. 4. The bank branches will maintain sufficient cash balance for these payments. The banks will also give the information about daily summary of transaction and amount to govt. dept. and LDM. 5. All the MNREGA payments are to be completed before 17/09/2016 i.e, before the CM s visit to Shahdol which is due on 17/09/2016.

25 Ensuring timely payment of wages to MGNREGA workers through Business Correspondents especially in Shahdol, Anuppur & Umaria Districts BANK NUMBER OF SSA SHAHDOL ANUPPUR UMARIA Allahabad Bank Bank of Baroda Bank of India Canara Bank Central Bank of India CMPGB Punjab National Bank State Bank of India Union Bank of India Vijaya Bank TOTAL

26 STATUS OF BUSINESS CORRESPONDANTS Total number of SSA Total number of BCs Total Number of RuPay enabled device (Interoperable) 5708 Total number of AEPS enabled device 9175 % of active BCs in a month 81% Average number of monthly transactions by BCs 303 Average amount of monthly transactions by BCs (in lakhs) 6.35 Average monthly commission earned by BCs (Rupees) 2582

27 BUSINESS CORRESPONDANTS» Since average monthly income of a BC is approximately Rs 5000, their attrition rate is high. They do not consider themselves stable in this business. The State Government may explore the possibilities to be given preference to BCs in their 3/4 grade post. This will generate faith in BCs to work enthusiastically.» Best BC in the district may be awarded by the District Authority in their functions.» Gramin Dak Sevak, Aasha workers, SHG workers etc. may be engaged as BCA.

28 Distribution of banknotes & coins through BCs» Reserve Bank of India vide their letter no. FIDD 61/ / dated 18th August 2016 to all banks advised to utilize the services of BCs for distribution of Banknotes & coins.»it was also advised to carry out a detailed review of the performance of BCs at least once in a year through various fora i.e. BLBC, DLCC & SLBC.»Banks are requested to explore the possibilities to utilize the services of BCs for distribution of Banknotes & coins.

29 FINANCIAL LITERACY» FLC, Bhind has organized financial literacy programme at Gram Van Samiti, Mukutpur (Bhind). Other FLCs are advised to organize such camps.» In view of the initiative of DFS to impart financial literacy at Government ITIs, Private ITIs, Vocational Training Centres & Skill Development Centres. Banks as on covered 115 Govt. ITI against 123, 318 Pvt. ITI against 359, 36 Vocational training centres against 38 & 427Skill development centres against 457.» Spread of financial literacy awareness among school students. A communication has already been sent to Govt. of M.P. to incorporate some chapters on financial literacy in the school textbooks. Progress on this front is not known. Each bank branch should visit at least one school for financial literacy programme. Through this programme we can create mass awareness.

30 Pending applications under Sec. 14 of SARFAESI Act with Dist. Administration CENTRAL BANK OF INDIA ALLAHABAD BANK DISTRICT NO. OF CASES DISTRICT NO. OF CASES ANUPPUR 8 BHOPAL 3 BETUL 2 CHHINDWARA 1 BHOPAL 3 GWALIOR 2 CHHINDWARA 5 INDORE 2 DINDORI 8 JABALPUR 2 HOSHANGABAD 3 RAISEN 1 INDORE 9 REWA 1 JABALPUR 3 SAGAR 3 KATNI 4 SATNA 2 REWA 5 SEHORE 2 SAGAR 2 VIDISHA 1 SHAHDOL 13 Grand Total 20 UMARIYA 3 Grand Total 68 Contd

31 Pending applications under Sec. 14 of SARFAESI Act with Dist. Administration STATE BANK OF INDIA BANK OF INDIA DISTRICT NO. OF CASES DISTRICT NO. OF CASES BHOPAL 19 BHOPAL 7 GWALIOR 9 SEHORE 1 INDORE 29 GWEALIOR 2 JABALPUR 44 RAISEN 2 TOTAL 101 INDORE 1 UJJAIN 1 Total 14 Contd

32 Pending applications under Sec. 14 of SARFAESI Act with Dist. Administration UNION BANK OF INDIA Dewas 1 Guna 1 Hoshangabad 1 Indore 8 Jabalpur 2 Katni 2 Narsinghpur 3 Neemuch 1 Rewa 6 Satna 2 Singrauli 2 Grand Total 29

33 Any other agenda with the permission of Chair

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