District Coordinator of All Relevant Banks Instructed to Work According to Goals

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BI News, Ranchi: Deputy Commissioner Rahul Kumar Sinha organized a meeting in the conference hall of the Collectorate Block-A, wherein the District Level Consultative Committee (DLCC) and District Level Review and Consultation Committee (DLRCC) were convened.In attendance were the District Development Manager (NABARD), Mr. D.T. Lugun, Principal District Officer R.B.I. Mrs. Rashmi, Leading District Manager Ranchi, Dr. Shrikant Kumar, and all coordinators from various banks along with other relevant officials. During the DLCC and DLRCC meeting, Deputy Commissioner Sinha emphasized the need for banks to review their annual plans. He directed all branch managers to fulfill the goals set in the annual plans, focusing primarily on the farmers’ credit card scheme.

Prime Minister’s Employment Generation Program:

Deputy Commissioner Sinha, while observing a lack of progress in the Prime Minister’s Employment Generation Program, instructed all branch managers of the banks to achieve a hundred percent target. He stressed the importance of giving benefits to the beneficiaries in sectors like agricultural investment, poultry farming, goat farming, fisheries, and schemes related to water resource agriculture.

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Additionally, Deputy Commissioner Rahul Kumar Sinha reviewed social schemes such as Self-Help Groups, Mudra Loan, Prime Minister Jan Dhan Yojana, Prime Minister Jeevan Jyoti Yojana, Atal Pension Yojana, etc. He provided specific guidelines to all officials and directed branch managers to approve loans in a timely manner to ensure beneficiaries receive the benefits promptly.

Furthermore, Deputy Commissioner Rahul Kumar Sinha expressed dissatisfaction with Ranchi’s deposit-to-loan ratio of 43.28% and instructed all banks to achieve a minimum of 60% deposit-to-loan ratio for the financial year 2023-24.

Deputy Commissioner Rahul Kumar Sinha also discussed the Prime Minister’s Small Food Processing Entrepreneurship Scheme for the fiscal year 2024-25 on a regional and sub-regional basis during the meeting.