Haryana - Banking

 

BANKS IN HARYANA OPENED 71,96,797 ACCOUNTS UNDER PRADHAN MANTRI JAN-DHAN YOJANA (PMJDY) AS ON 31.12.2019.

 

  • TOTAL ADVANCES OF COMMERCIAL BANKS/RRBs IN HARYANA INCREASED BY RS. 15050 CRORES FROM RS. 2,56,387 CRORE AS AT DEC, 2018 TO RS. 2,71,437 CRORE AS AT DEC, 2019.
  • TOTAL DEPOSITS OF COMMERCIAL BANKS/RRBs IN HARYANA INCREASED BY RS. 39,008 CRORE FROM RS. 3,71,820 CRORE AS AT DEC, 2018 TO RS. 4,10,828 CRORE AS AT DEC, 2019.

  
                                        

Under PMSBY the banks have enrolled 33,62,018 persons, under PMJJBY enrolled 9,66,178 persons and  in Atal Pension Yojana (APY) enrolled 3,64,456 persons upto 31st  Dec., 2019.


Pradhan Mantri MUDRA Yojana was launched to “fund the un-funded” by bringing such enterprises to the formal financial system and to extend affordable credit to them.  He informed that under MUDRA loans as on 31st  Dec., 2019 the banks in Haryana have given loan of  Rs 2347 crores to 272351 persons in first nine months of the current financial year.(2019-2020)

 

In the interim Budget 2019-20, the Union Govt announced their decision to extend the facility of Kisan Credit Card (KCC) to Animal Husbandry & Fisheries to help them meeting working capital requirements.  In pursuance of the said Budget announcement, Reserve Bank of India in its Notification dated February 03, 2019, has framed guidelines for extending the KCC facility for working capital requirements for activities related to animal husbandry & fisheries.  In accordance with the guidelines of RBI, the Scale of Finance has since been approved by State Level Technical Committee and the same has also been circulated to all banks.


The Banking System in the Haryana achieved all the National Goals during period under review.  He informed that the Commercial Banks and RRBs opened 175 New Branches during review period thus raising the total number of branches to 4939. 

 

The Total Deposits of Commercial Banks/RRBs increased to Rs. 4,10,828 Crore as at Dec 2019 from Rs.3,71,820 crore as at Dec, 2018 thus showing an increase of Rs. 39008 Crore or 10%.

 

The Total Advances during the review period increased to Rs. 2,71,436 Crore registering a growth of Rs.15,049 Crore. Priority Sector Advances gone up from Rs.1,40,190 crore to Rs. 1,45,064 Crore recording an increase of Rs.4,874 or 3% during the review period.  Priority Sector Advances to total advances in the State as on Dec 2019 stands at 57% as against National Goal of 40%. 

 

Agriculture Advances increased from Rs.52,240 Crore to Rs.52,779 Crore exhibiting a growth of Rs. 539 Crore or 1% during the review period.  The ratio of Agriculture Advances to total advances was 21% as against National Goal of 18%. Overall CD Ratio as on Dec 2019 for State as a whole was 66% against National Goal of 60%. 

 

The “Stand Up India” Programme launched by Hon’ble Prime Minister of India on 5th April 2016, has achieved since inception of the scheme Banks in Haryana have given loan under Stand Up India to 384 beneficiaries amounting to Rs 8112 lakhs.

 

The overall achievement of banks under Annual Credit Plan 2019-20 upto Dec, 2019 was 84%. The achievement under Agriculture, MSME and Other Priority Sector was 75%, 112% and 71% respectively.

 

 

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