Chidambaram to review credit flow in various sectors

Last Updated: Thu, Nov 15, 2012 20:07 hrs

Union Finance Minister P Chidambaram will meet the Chief Ministers of North Zone States, Union Territories and CEOs of selected Public Sector Banks (PSBs) and Financial Institutions (FIs) on Friday to review the state wise flow of credit and credit related parameters in various sectors including agriculture credit, MSE (Micro and Small Enterprises) credit, housing and education loans, credit to weaker sections and Minority Communities among others.

The Chief Ministers of Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Uttarakhand, Uttar Pradesh and Administrator of Chandigarh are likely to participate in the one day meeting here, officials informed.

According to sources, this will be the first such meeting by the current Finance Minister with the Northern State CMs and CEOs of PSBs and FIs together after assuming the charge of the Finance Ministry in August this year.

The issue of Financial Inclusion is also likely to be discussed during the said meeting, officials informed.

"In this regard, progress in the extension of Swabhiman Campaign, a campaign to ensure each family has at least one bank account and Electronic Benefit Transfer (EBT) for Government Welfare Schemes may also come under discussion," said officials.

"Opening of new branches of Regional Rural Banks(RRBs) specifically in participating States/UTs are also on the agenda of the tomorrow's meeting."

Progress of Centrally Sponsored Schemes especially in each participating state including Swaranjayanti Gram Swarogar Yojana (SGSY), Swaranajayanti Shahari Rozgar Yojana (SJSRY), Scheme for Rehabilitation of Manual Scavengers(SRMS) and Prime Minister's Employment Generation Programme (PMEGP) are also likely to come under the discussion during the aforesaid meeting, they asserted.

"Key pending projects and recovery issues related to the participating States are also likely to be discussed during the aforesaid Meeting tomorrow."

Officials also said that revival package for Short Term Cooperative Credit Structure implementation of Aam Admi Bima Yojna and Co-Contributory Pension Scheme by the States for Unorganized Sector workers under the Swavalamban Pension Scheme of Government of India are also on the agenda of the Friday's meeting.

More from Sify: