Arunachal: DC Urge Banks to Expedite Loan Disbursement to Beneficiaries   

Loan

Deputy Commissioner of Papum Pare district, Minga Sherpa on Wednesday asked the banks to expedite loan disbursement to beneficiaries under Atma Nirbhar Bagwani Yojana (ANBY) and Atma Nirbhar Krishi Yojana(ANKY).

DC Sherpa, who was chairing a District Level Consultative and Review Committee meeting of the quarter ended December 2021, reviewed the performance of banks in disbursing loans to beneficiaries under ANBY and ANKY).

He discussed the issues of pending applications of beneficiaries and related discrepancies and instructed the banks to properly verify and expedite sanctioning of loans to beneficiaries stating that the state government is continuing the ANKY and ANBY and there will be an increase in allocation in the current year.

Expressing displeasure over not conducting Financial Literacy Camp (FLC) as per RBI guidelines, the DC directed a few private banks to immediately carry out financial outreach programmes in remote circles of the district to educate the people about financial management.

He also said that if beneficiaries have any complaints they should submit them in written form instead of verbal one to competent authorities.

DC also informed that under the state government’s 100 % digitisation programme, bank account holders among students in rural areas of the district is a mere 63%.

He directed the concerned administrative officers and school authorities to identify the students not having bank accounts to achieve the cent per cent coverage.

The DC also asked bank authorities to conduct a special account opening drive in schools within the next month to ensure every child has their bank account opened.

Lead bank Manager Ranjit Singh presented an overview of banks’ performance.

Representatives from banks also apprised the chairman about the status of loan applications and related issues.

The meeting was attended by HoDs of the line department, administrative officers, representatives from public and private banks from Itanagar and Papum Pare (rural). 

 

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