With nearly 18,000 cases pertaining to recovery of loans pending under the Orissa Public Debt Recovery (OPDR) Act (as on June 30, 2011), the banks are struggling on the recovery front, especially with respect to government sponsored schemes.
While 1698 cases have been pending for one year, there are 2733 cases which are waiting for settlement for 1 to 3 years. Similarly, 13500 cases are pending for more than three years.
The overdue rate for all banks taken together stands at 47.51 per cent by June-end. The public sector banks have an overdue of 41.33 per cent while the same for the private sector banks is 46.78 per cent. The overdue is still higher for cooperative banks at 67.21 per cent.
The recovery under Pradhan Mantri Rozgar Yojana (PMRY) is poor at 20.88 per cent while that under Swarnajayanti Gram Sawarozgar Yojana (SGSY) stands at 42.70 per cent.
Under PMRY, the actual collection has been only Rs 60.68 crore compared to the total demand for recovery at Rs 290.58 crore. Under SGSY, the actual collection stood at only Rs 162.24 crore by the end of June against the total recovery demand of Rs 379.90 crore.
The performance of recovery under SGSY and PMRY is showing a declining trend. Concerned over the situation, the State Level Bankers' Committee (SLBC) has requested the line departments of the state government to assist the banks in recovery so as to create a conducive credit climate in the state.
In order to assist the bankers on recovery of PMRY loans, the general managers of the District Industries Centre have been impressed upon by the Director of Industries to take up recovery camps besides recovery through certificate courts.
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For Self-Help Groups (SHGs), the total collection was Rs 395.20 crore compared to the total recovery demand of Rs 507 crore in the said period. The collection from women SHGs was comparatively better at Rs 104.20 crore as against the total recovery demand of Rs 129.53 crore.
The public sector banks with high overdue rate include Bank of Maharashtra (99.05 per cent), Central Bank of India (91.58 per cent), Vijaya Bank (78.54 per cent), Syndicate Bank (76.44 per cent) and Indian Overseas Bank (69.06 per cent).