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Tamil Nadu
Reach villages through agents, bankers told
Special Correspondent
NAGAPATTINAM: “Banks should look at outsourcing their work to smaller agents to reach remote villages,” Collector M. Jayaraman said at the district consultative committee meeting of bankers on Thursday.
After going through a presentation by NABARD AGM K. Venugopal, which showed that more than 50 per cent of farmers had no access to credit in the country, the Collector said that lack of awareness and coverage were important reasons for the financial exclusion of many rural poor.
To provide financial inclusion to all people by 2015, as envisaged by the government , he said that banks should become more pro-active and go to the villages themselves for lending and other activities to mitigate the effects of lack of awareness among villagers.
Indian Overseas Bank Chief Regional Manager R. Muthusamy said that steps were already being taken in the form of smart cards and the scheme would be implemented soon as a pilot project, he said.
The committee reviewed various schemes and loan programmes, and the Collector expressed satisfaction that the banks had provided Rs. 148 crore against a target of Rs. 138 crore in agricultural loans up to June this year.
However, only 28 per cent and 41 per cent of the target have been met in non-farm sector and other priority sector lending respectively for the same period.
Indian Overseas Bank had again performed as the Lead Bank in providing the maximum loans to SHGs under the Magalir Thittam and other various schemes, Mr. Muthusamy said. He also thanked the committee for consenting to the proposal to establish training institutes for promoting enterprises in the district under the RUDSETI scheme.
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