Sunday, August 29, 2010

[ZESTCaste] Fw: [indian_sc_union] Loans to SCs & STs

 



----- Forwarded Message ----
From: Yatish Kumar <yatish_dce@yahoo.com>
To: indian_sc_union@yahoogroups.com
Sent: Sun, 29 August, 2010 10:56:36 AM
Subject: Re: [indian_sc_union] Loans to SCs & STs

 


 
YATISH KUMAR



From: P.Esakkimuthu <p.esakkimuthu@yahoo.co.in>
To: indian_sc_union@yahoogroups.com
Sent: Sat, August 28, 2010 8:09:00 PM
Subject: [indian_sc_union] Loans to SCs & STs

 

Loans to SCs & STs

Banks extend loans to Scheduled Castes (SCs)/ Scheduled Tribes (STs) under
Priority Sector Lending (PSL). SCs/ STs from a sub-category under Weaker
Section of PSL. Further, under Government Sponsored Schemes, the reservation
for SCs/ STs is as follows:

(i) Swarna Jayanti Gram Swarozgar Yojana (SGSY) - 50%

(ii) Swarna Jayanti Shahari Rozgar Yojana (SJSRY) - to the
extent of their proportion in the
population.

(iii) Differential Rate of Interest (DRI) Scheme - 40%

As per data furnished by Reserve Bank of India (RBI), total loans
outstanding under PSL and to SCs/ STs as on last reporting Friday of March,
2007, 2008 and 2009 (latest available) are as under:

(Amount in Rs. crore)
As on the last reporting Friday of March
Total Priority Sector
Loans to SCs/ STsBeneficiaries
2007 7,03,756 26,520

2008 8,24,773 34,376

2009 9,67,414 40,812
Source: RBI

The measures taken by RBI to strengthen credit flow to SCs/ STs,
inter-alia, include the following:

· With a view to minimize rate of rejection of loan applications, banks
have been advised to indicate reasons for rejection of application on the form
itself;
· Banks have been advised that the rejection of loan applications should
be done at higher level instead of the branch level;
· Banks have been advised to provide necessary institutional support to
the National SC/ ST Finance and Development Corporation to enable the
institution to achieve the desired objective; and
· The banks also participate in special schemes of SC/ ST Corporation
for development of SC/ ST which are piloted at State level through special
component plans.

This information was given by the Minister of State for Finance, Shri Namo
Narain Meenain a written reply to an Unstarred Question raised in Lok Sabha
today.

REFER FOLLOWING LINK FOR MORE CLARITY OF FIGURES CITED ABOVE
http://www.lawyersclubindia.com/news/Loans-to-SCs-and-STs-11531.asp

COURTESY:lAWYERRS CLUB OF INDIA




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