Over 56 lakh PMJDY accounts opened in Haryana

Over 56 lakh Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts have been opened in Haryana till December last year.
Since the launch of PMJDY in August 2014, banks in Haryana have opened 56,75,611 accounts up to December 31, 2016 and garnered an amount of Rs 2,473 crore as deposit under this scheme, said Sanjiv Sharan, Executive Director, Punjab National Bank here at 139th meeting of State Level Bankers' Committee (Haryana) which was held today.
Out of the total, 25,69,585 accounts of women have been opened which is 45 per cent of the total accounts and Rupay cards have been issued for 85 per cent of the total accounts opened, he said.

Sharan called upon all bankers to continue opening of accounts under PMJDY till the coverage of last un-banked person and issue Rupay Cards for all accounts.
While informing about the progress made by banks in three social security schemes -- Pradhan Mantri Suraksha Bima Yojana (PMSBY) for accidental death insurance, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) for life insurance and Atal Pension Yojana (APY) for old-age pension, Sharan said that under PMSBY, banks have enrolled 25,05,062 persons, under PMJJBY they enrolled 7,95,662 persons and for Atal Pension Yojana (APY), they enrolled 86,302 persons up to December, 2016.
He called upon bankers and officials from respective insurance companies to accelerate their efforts and extend the benefits of the scheme to a large number of people in the State.

While speaking on Pradhan Mantri MUDRA Yojana, Sharan said that it was launched to "fund the un-funded" by bringing such enterprises to the formal financial system and to extend affordable credit to them.

So far, the offering of MUDRA mainly consist of non-farm enterprises in manufacturing, trading and services whose credit needs are below Rs 10 lakh.
He informed that under MUDRA loans as on December 31, 2016, the banking system in Haryana has disbursed an amount of Rs 1,128 crore against the annual target of Rs 3,015.98 crore and achieved 37.41 per cent of annual budget in the financial year 2016-17 in all three categories --Shishu loans, Kishore loans and Tarun loans.

He expressed hope that during the current financial year, banks in Haryana will surpass the allocated target under MUDRA.
While reviewing the performance of the banks for the review period from January 1, 2016 till December 31, 2016 under various key parameters, Sharan said the commercial banks and RRBs opened 218 new branches during the review period, thus raising the total number of branches to 4,604.
The total deposits of Commercial Banks/RRBs increased to Rs 3,00,761 crore from Rs 2,37,247 crore as on December 2015, thus showing an increase of 27 per cent.
Total advances during the review period increased to Rs 1,95,406 crore, registering a growth of Rs 3,864 srore.

Priority sector advances increased from Rs 1,03,359 crore to Rs 1,07,723 crore, recording an increase of 4 per cent during the review period, he said.
Agriculture advances increased from Rs 39,998 crore to Rs 43,055 crore, exhibiting a growth of 8 per cent during the review period, he said.
He emphasised on educating the borrowers about the timely repayment of bank dues.
He requested the Haryana government to help banks in the early settlement of pending 18,535 recovery certificates filed under HACOMP Act involving an amount of Rs 679.94 crore.
Sharan also requested the state government to take necessary steps to improve the recovery of advances as it is an urgent requirement of banks for re-cycling of funds and maintaining viable banking operations.