Haryana suspended Scheme of Distribution of Social Benefits under Electronic Benefit Transfer
India Current Affairs 2012. Haryana government suspended distribution of social benefits scheme under EBT till the infrastructure of banks is stabilized in the rural areas
Haryana government on 15 February 2012, suspended the scheme of distribution of social benefits under Electronic Benefit Transfer (EBT) in the State till the infrastructure of banks is stabilized in the rural areas.
The network of private sector banks in the state was found to increase considerably. However the partici[pation of the private sector banks in the social lending require improvement. On the occassion of 119th meeting of State Level Bankers' Committee (SLBC), Haryana, the Financial Commissioner and Principal Secretary (Finance) Ajit M Sharan mentioned the service area allocation in terms of the guidelines issued by the Department of Financial Services, Union Ministry of Finance need to be reexamined.
Rural Self Employment Training Institutes (RSETIs) have been established in nine districts in Haryana up to December 2011 and opening of RSETIs in rest of the districts is currently under process in the state.
Review of Performance of Banks in Haryana
The performance of banks under various key parameters in the state for the January to December, 2011 was reviewed. The review established that the banking system in the State achieved all the national goals except under DRI.
The total deposits in Haryana have increased by Rs 19457 crore from Rs 109248 crore to Rs 128705 crore thereby showing an increase of 18 per cent during the review period. Total Advances during the period from January to December, 2011 increased by Rs 16567 crore from Rs 83862 crore to Rs 100429 crore registering a growth of 20 per cent during review period.
Priority Sector advances increased from Rs 43613 crore as in December 2010 to Rs 46618 crore as in December 2011. Agriculture advances also increased from Rs 21183 crore as in December 2010 to Rs 22254 crore as in December 2011. Advances to Micro and Small Enterprises were found to have increased from Rs 12930 crore as in December 2010 to Rs 16407 crore as in December 2011 showing a growth of 27 per cent. Weaker Sector Advances on the other hand increased by Rs 2247 crore on year on year basis from Rs 8996 crore as in December 2010 to Rs 11243 crore as In December 2011 showing growth of 25 per cent.
As regards recovery of Bank’s Dues in Haryana is concerned, as many as 591 Recovery Certificate cases amounting to Rs 10.03 crore were disposed of during the quarter ended December 2011. the Recovery Officers are to make earnest efforts to bring down the pendency level of old Recovery Certificates cases by making effective use of Haryana Agriculture Credit Operations and Misc. Provisions (Banks) Act (HACOMP ACT).The effectiveness of recovery of banks’ dues can be facilitated through the forum of Lok Adalats in the State as well.