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Banking

A well-structured and efficient network of financial institutions helps to boost the economic growth. These financial institutions provide credit to all sections of the society and for infrastructure projects at reasonable rates. After liberalization the international financial institutions transformed the conservative financial sector into dynamic ones.

The financial market encompasses a number of financial entities like banking institutions, Joint stock companies, insurance companies, mutual funds, venture capital funds, pension funds etc. that perform a significant role in providing finances. These institutions supplement the role of banking sector in meeting the increasing financial needs of the corporate sector and delivering credit to the un­organized sector. But the financial sector of J&K is dominated by banks. Banks are meeting the financial requirements particularly of the un-organized sector and the self-employed in the micro and small business sectors. Infrastructure development which is regarded as a crucial source of economic competitiveness has heavy dependence on bank financing. Many ambitious flagship infrastructure development projects for achieving the long cherished objectives of equitable and inclusive growth are routed through banks. The insurance sector though well capitalized, is significantly exposed to banking system. By mobilizing resources, banks enable optimal use of financial resources.

To meet the objective of financial inclusion, banks are deepening and broadening their network apart from diversifying domain of their activities and jurisdiction. The institutional structure of banking in J&K consists of several institutions, namely, commercial banks, regional rural banks and co­operative banks. The aim of these credit agencies is to dispense adequate credit at cheaper rates.

As on 31/03/2018, 2036 branches of scheduled commercial banks, co-operative banks and state financial corporation (SFC) were in operation in J&K. The share of scheduled commercial banks is 85.90% with 23.82% of public sector banks, 45.68% of private sector banks and 16.40% of regional rural banks. 13.41% share is held by central/ state co­operative banks and only 0.69% is the share of state financial corporation (SFC).

 

No. of bank branches as on 31.03.2018

Bank Group

March
2017

March
2018

% age share

Growth
in %age

(i) Public sector banks

482

485

23.82%

0.62%

(ii) Private sector banks

898

930

45.68%

3.56%

(iii)Regional rural banks

343

334

16.40%

-2.62%

Total Scheduled Commercial Banks (i + ii + iii)

1723

1749

85.90%

1.50%

Cooperative Banks

268

273

13.41%

1.86%

Other Financial Institutions (SFC)

14

14

0.69%

0.00%

Total (A+B+C)

2005

2036

100%

1.54%

There has been notable improvement in the banking services with the increase in the bank branches over the years. On an average, 1 bank branch is available per 6185 people as on September-2017 whereas for India, it is 8708 persons. More importantly, the coverage of area per bank is declining year by year. During the year 2016-17 one branch was available per 49.99 Sq. Kms. More importantly, the coverage of area per bank is declining year by year. Following table provides overview of banking infrastructure with some business indicators over the years at state level.

Following table provides overview of banking infrastructure with some business indicators over the years at state level.

Development in banking sector                                                                                      (Amount is in Crore INR)

Year

Bank Branches

Average Per Branch

Deposits

 

Advances

Credit-Deposit Ratio

Area
(Sq Km)

Population
(‘000)

2010-11

1302

77.87

10

45695

16252

35.57

2011-12

1449

69.97

9

55144

18949

34.36

2012-13

1638

61.90

8

64480

23542

36.51

2013-14

1893

53.56

7

72767

34398.9

47.27

2014-15

1936

52.39

7

78977.67

36508.41

46.23

2015-16

1998

50.74

7

86232.35

42348.25

49.11

2016-17

2005

49.99

7(P)

99264.61

44305.66

44.62

2017-18

2036

49.79

7(P)

109976.56

51914.29

47.20

Position of Credit Deposit Ratio of each district as on 31st March, 2018

S. No

Name of District

CD Ratio

S. No

Name of District

CD Ratio

Lead Districts of J&K Bank

Lead Districts of SBI

1

Srinagar

49.62

1

Samba

48.88

2

Ganderbal

67.52

2

Kathua

39.34

3

Baramulla

42.14

3

Udhampur

32.58

4

Bandipora

64.69

4

Reasi

33.51

5

Anantnag

71.74

5

Jammu

30.36

6

Kulgam

75.37

6

Doda

38.69

7

Pulwama

77.07

7

Ramban

34.08

8

Shopian

102.24

8

Kishtwar

28.79

9

Budgam

79.86

9

Leh

29.10

10

Kupwara

76.54

10

Kargil

39.42

11

Poonch

27.08

 

 

`

12

Rajouri

30.65

 

 

 

ACHIEVEMENTS IN LENDING TO PRIORITY SECTOR/ NON-PRIORITY SECTOR UNDER ANNUAL CREDIT PLAN 2017-18

       (Amount in Crores of rupees)


Name of the Sector

ACP Target
FY 2017-18

Q4
Achievement
(31st March 2018)

%age of Achievement

Physical

Financial

Physical

Financial

Physical

Financial

Priority

7,40,847

19,933.02

4,62,136

12,817.84

62%

64%

Non-Priority

2,25,200

8,908.62

2,70,889

10,775.07

120%

 

121%

Total

9,66,047

28,841.64

7,33,025

23,592.91

76%

 

82%

 

Priority Sector

Name of the Sub-Sector

Target
(FY 2017-18)

Q4
Achievement
(31st March 2018)

%age of Ach.

Physical

Financial

Physical

Financial

Physical

Financial

Agriculture

4,79,111

7,700.42

3,05,769

6,053.48

64%

79%

MSMEs

1,14,785

7,552.13

1,19,382

5,153.58

104%

68%

Export Credit

253

120.40

97

109.65

38%

91%

Education

13,368

447.31

6,081

127.46

45%

29%

Housing

33,330

2,621.62

16,752

1,059.51

50%

40%

Social Infrastructure

8,275

332.87

4

0.04

0%

0.01%

Renewable Energy

13,238

62.46

153

9.54

1%

15%

Others

78,487

1,095.81

13,898

304.58

18%

28%

Total

7,40,847

19,933.02

4,62,136

12,817.84

62%

64%

 

Non-Priority Sector

Name of the
Sub-Sector

Target
(FY 2017-18)

Q4
Achievement
(31st March 2018)

%age of Ach.

Physical

Financial

Physical

Financial

Physical

Financial

Agriculture

0

0.00

0

0.00

0

0

MSMEs

104

946.24

147

176.28

141%

19%

Education

4,281

493.15

359

26.24

8%

5%

Housing

8,042

1,734.70

4,319

541.23

54%

31%

Personal Loans

61,174

2,007.55

2,02,434

6,195.81

331%

309%

Others

1,51,599

3,726.98

63,630

3,835.50

42%

103%

Total

2,25,200

8,908.62

2,70,889

10,775.06

120%

121%

 

CREDIT DISBURSEMENT UNDER GOVERNMENT SPONSORED SCHEMES

Scheme-wise/ Bank-wise and Region-wise performance of Banks under major Government Sponsored Schemes as on March 31, 2018:

                                                                                                       (Amount in Crores of Rupees)


#

Name of the Scheme

Annual Target
2017-18

Cases spon-sored

Achievement
as on 31.03.2018 (*)

%age Ach. viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt.

Phy

Fin.

Phy.

1

NRLM

4947

38.68

6069

5902

60.94

119%

158%

97%

2

PMEGP

4136

236.25

10515

4670

216.15

113%

91%

44%

3

NULM

10880

252.00

5671

2759

47.33

25%

19%

49%

4

SC/ST/OBC

1988

12.47

697

466

5.23

23%

42%

67%

TOTAL

21951

539.40

22952

13797

329.65

63%

61%

60%

 

 

(*)  This includes last year’s pending cases disbursed during the CFY.

REGION-WISE ANALYSIS OF ACHIEVEMENTS:
             (Amount in Crores)

Region

Target

Sponsorship

Achievement
as on 31.03.2018

%age Ach. viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt

Phy

Fin.

A/C

Kashmir

12054

274.35

13157

8057

183.92

67%

67%

61%

Jammu

9068

248.95

9157

5300

120.08

58%

48%

58%

Ladakh

829

16.10

638

440

25.65

53%

159%

69%

TOTAL

21951

539.40

22952

13797

329.65

63%

61%

60%

 

 

NATIONAL RURAL LIVELIHOOD MISSION (NRLM):
       (Amount in Crores of Rupees)


Name of the Bank

Target
2017-18

Cases sponsored

Achievement
as on 31.03.2018 (*)

%age Ach. viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt.

Phy.

Fin.

Phy.

J&K Bank

4216

31.31

4871

4702

45.73

112%

146%

97%

JKGB

499

4.75

831

839

9.80

168%

206%

101%

SBI

92

1.02

124

123

2.03

134%

200%

99%

PNB

63

0.87

137

137

1.96

217%

227%

100%

Other Banks

77

0.73

106

101

1.42

131%

195%

95%

TOTAL

4947

38.68

6069

5902

60.94

119%

158%

97%

(*)  This includes last year’s pending cases disbursed during the CFY.

PRIME MINISTERS’ EMPLOYMENT GENERATION PROGRAMME (PMEGP):

 

The contribution of major players is tabulated below:
                  (Amount in Crores of Rupees)


Name of the Bank

Target
2017-18

Cases sponsored

Achievement
as on 31.03.2018 (*)

%age Ach. viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt.

Phy.

Fin.

Phy.

J&K Bank

2207

140.68

7679

3517

165.51

159%

118%

46%

JKGB

257

13.62

1144

497

21.60

193%

159%

43%

EDB

118

6.36

105

33

0.73

28%

11%

31%

SBI

598

28.75

600

153

6.38

26%

22%

26%

PNB

301

15.70

323

107

6.77

36%

43%

33%

HDFC Bank

83

3.96

3

0

0

0%

0%

0%

BCC Bank

42

2.07

286

219

9.12

521%

440%

77%

Other Banks

530

25.11

375

144

6.04

27%

24%

38%

TOTAL

4136

236.25

10515

4670

216.15

113%

91%

44%

(*)  This includes last year’s pending cases disbursed during the CFY.

SCHEDULE CASTE / SCHEDULE TRIBE /OTHER BACKWARD CLASSES (SC/ST/OBC):

The contribution of major players is tabulated below:
(Amount in Crores of Rupees)


Name of the Bank

Target
2017-18

Cases sponsored

Achievement
as on 31.03.2018 (*)

%age Ach. viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt.

Phy.

Fin.

Phy.

J&K Bank

897

6.23

583

385

4.24

43%

68%

66%

SBI

198

1.35

25

22

0.36

11%

27%

88%

PNB

112

0.63

9

7

0.07

6%

11%

78%

JKGB

149

0.96

37

28

0.30

19%

31%

76%

EDB

166

0.97

10

8

0.05

5%

5%

80%

HDFC Bank

44

0.26

1

0

0.00

0%

0%

0%

Other Banks

422

2.08

32

16

0.21

4%

10%

50%

TOTAL

1988

12.48

697

466

5.23

23%

42%

67%

(*)  This includes last year’s pending cases disbursed during the CFY.

NATIONAL URBAN LIVELIHOOD MISSION (NULM):

The contribution of major players is tabulated below:
(Amount in Crores of Rupees)


Name of the Bank

Target
2017-18

Cases sponsored

Achievement
as on 31.03.2018 (*)

%age Ach. viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt.

Phy.

Fin.

Phy.

J&K Bank

5281

124.60

4048

2133

35.79

40%

29%

53%

SBI

1483

34.95

273

119

2.24

8%

6%

44%

PNB

937

22.28

560

190

3.65

20%

16%

34%

HDFC Bank

642

14.41

12

2

0.01

0.31%

0.07%

16%

Other Banks

2537

55.76

778

315

5.64

12%

10%

40%

TOTAL

10880

252.00

5671

2759

47.33

25%

19%

49%

(*)  This includes last year’s pending cases disbursed during the CFY.

(ii) Non-Performing Assets (NPAs) under Government Sponsored Segment: 

NPA position in respect of some major Government Sponsored Schemes is given below:
            (Amt. in Crores of rupees)


#

Scheme

As on March 31, 2018

Amt. of Credit Outstanding

Gross NPAs

%age of NPA

1

NRLM

53.14

0.06

0.11%

2

PMEGP

206.73

12.72

6.15%

3

JKSES

93.25

13.08

14.03%

4

NULM

9.28

2.55

27.48%

5

SC/ST/OBC

82.79

5.32

6.43%

PERFORMANCE UNDER HANDICRAFTS / HANDLOOMS:

Handicrafts / Artisans’ Credit Card Scheme


Name of the Bank

Target
2017-18

Cases sponsored

Achievement
as on 31.03.2018 (*)

%age Ach. viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt.

Phy.

Fin.

Phy.

J&K Bank

5144

46.58

7001

5082

46.63

99%

100%

73%

JKGB

954

8.73

861

434

3.91

45%

45%

50%

EDB

684

6.10

337

173

1.59

25%

26%

51%

SBI

897

8.20

382

157

1.48

18%

18%

41%

PNB

427

3.90

242

121

1.11

28%

29%

50%

HDFC Bank

251

2.28

7

4

0.04

2%

2%

57%

B.C.C. Bank

195

1.78

115

63

0.56

32%

32%

55%

A.C.C. Bank

155

1.23

36

36

0.35

23%

28%

100%

JK SC Bank

286

2.68

140

104

0.94

36%

35%

74%

Other Banks

694

6.39

77

43

0.39

6%

6%

56%

TOTAL

9687

87.86

9198

6217

57.00

64%

65%

68%

 

 

 

 

 

 

 

 

 

(Amount in Crores of Rupees)

(*)  This includes last year’s pending cases disbursed during the CFY.

Artisans Credit Card (ACC) Scheme (out of total Handicrafts Scheme):

Name of the Bank

Target
2017-18

Cases sponsored

Achievement
as on 31.03.2018 (*)

%age Ach. viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt.

Phy.

Fin.

Phy.

J&K Bank

5067

46.06

6892

5038

46.29

99%

100%

73%

Other banks

4444

40.63

2081

1088

 9.93

 24%

 24%

 52%

Total

9511

86.69

8973

6126

56.22

64%

65%

68%

(Amount in Crores of Rupees)
(*)  This includes last year’s pending cases disbursed during the CFY.

Handlooms (Micro Credit Plan Scheme)
 (Amount in Crores of Rupees)


Name of the Bank

Target
2017-18

Cases sponsored

Achievement
as on 31.03.2018 (*)

%age Ach.  Viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt.

Phy.

Fin.

Phy.

J&K Bank

1424

13.32

2203

1386

12.86

97%

97%

63%

JKGB

190

2.11

198

130

1.54

68%

73%

66%

EDB

157

1.37

115

57

0.53

36%

39%

50%

SBI

274

2.65

107

54

0.53

20%

20%

50%

PNB

149

1.47

104

49

0.56

33%

38%

47%

HDFC Bank

95

0.97

0

0

0

0

0

0

B.C.C. Bank

51

0.52

117

93

0.84

182%

161%

79%

JK SC Bank

36

0.32

55

23

0.16

64%

50%

42%

Other banks

289

2.74

42

25

0.23

9%

8%

60%

TOTAL

2665

25.47

2941

1817

17.25

68%

68%

62%

(*)  This includes last year’s pending cases disbursed during the CFY.

 

Progress under Pradhan Mantri Weaver’s MUDRA Yojana
                                                                                                                                                                                                                                                                                                                                                                                                                     


Name of the Bank

Target
2017-18

Cases sponsored

Achievement
as on 31.03.2018 (*)

%age Ach.  Viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt.

Phy.

Fin.

Phy.

J&K Bank

901

12.56

1246

700

7.95

78%

63%

56%

JKGB

126

1.07

156

93

1.45

74%

137%

60%

SBI

196

2.30

95

50

0.51

26%

22%

53%

PNB

107

1.28

74

28

0.57

26%

44%

38%

HDFC Bank

59

0.71

0

0

0

0

0

0

JKSC Bank

51

0.67

102

73

1.35

143%

202%

72%

Other banks

259

3.40

80

42

0.50

16%

15%

53%

TOTAL

1699

21.99

1753

986

12.33

58%

56%

56%

(Amount in Crores of Rupees)
(*)  This includes last year’s pending cases disbursed during the CFY.

Dairy Entrepreneurship Development Scheme (DEDS):

GoI, Ministry of Agriculture and Farmers Welfare, Department of Animal Husbandry, Dairying and Fisheries have approved continuation of DEDS up to 31.03.2018 vide their communication bearing F.No.1-1/2009-DP dated 12th March, 2018 and subsequently approved its continuation for the financial year 2018-19 (beyond 12th Plan) vide communication bearing F.No.1-1/2009-DP dated 2nd May, 2018.
            (Amount in Crores of Rupees)


Name of the Bank

Target
2017-18

Cases Spon-sored

Achievement
as on 31.03.2018 (*)

%age Achievement
viz-a-viz

Target

Sponsor-ship

A/C

Amt.

A/C

A/C

Amt.

Phy.

Fin.

Phy.

J&K Bank

1204

26.76

2088

862

16.66

72%

62%

41%

SBI

197

3.77

232

92

1.13

47%

30%

40%

PNB

92

2.31

122

39

0.77

42%

33%

32%

JKGB

348

11.02

783

307

5.88

88%

53%

39%

EDB

151

4.27

73

20

0.31

13%

7%

27%

HDFC Bank

57

1.36

0

0

0

0

0

0

Other Banks

270

5.69

103

44

0.80

16%

14%

43%

TOTAL

2319

55.18

3401

1364

25.55

59%

46%

40%

CREDIT SHARING OF MAJOR PLAYERS IN J&K STATE:
The contribution of individual banks to overall advances outstanding made by all banks as on March 31, 2018 is tabulated hereunder:
(Amt. in Crores of Rs.)


Name of the Bank

Size of the Bank in J&K State (Branch Network ) (31.03.2018)

%age share in total Branch Network
(31.03.2018)

Advances o/s
(31.03.2018)

%age share to total outstanding advances of all Banks
(31.03.2018)

J&K Bank

778

38.21%

32,462.09

62.53%

JKGB

217

10.66%

1,595.88

3.07%

SBI

195

9.58%

8,336.23

16.06%

EDB

117

5.75%

429.04

0.83%

PNB

107

5.26%

2,404.35

4.63%

JCC Bank

89

4.37%

378.17

0.73%

HDFC Bank

73

3.59%

1,849.06

3.56%

ICICI Bank

37

1.82%

439.29

0.85%

BCC Bank

35

1.72%

208.25

0.40%

ACC Bank

35

1.72%

116.18

0.22%

Canara Bank

33

1.62%

505.33

0.97%

J&K SC Bank

37

1.82%

259.73

0.50%

AXIS Bank

26

1.28%

308.55

0.59%

CBI

18

0.88%

193.5

0.37%

UCO Bank

20

0.98%

147.8

0.28%

OBC

20

0.98%

199.78

0.38%

P& S Bank

16

0.79%

174.3

0.34%

Union BoI

13

0.64%

218.31

0.42%

Other Banks/ FIs

170

8.35%

1,688.45

3.25%

Total

2036

 

51,914.29

 

 

100% COVERAGE OF FARMERS IN J&K STATE UNDER KISSAN CREDIT CARD (KCC) SCHEME

Banks operating in J&K State have issued a total of 10,76,368 Kissan Credit Cards (KCCs) to the farm operating families in the State up to 31st March, 2018, indicating a total outstanding credit balance of Rs.6,975.79 Crore.  

 

SELF HELP GROUP – BANK LINKAGE PROGRAMME (EXCLUDING SHGS UNDER NRLM & NULM) PROGRESS AS ON 31.03.2018

Under SHG-Bank Linkage Programme (excluding the SHGs formed under NRLM & NULM) banks in J&K State have credit-linked 767 SHGs during the FY 2017-18 in whose favour a total amount of Rs.12.15 Crore was disbursed, taking the total number of accounts under SHG-Bank Linkage Programme to 2356 with a total outstanding credit balance of Rs.21.52 Crore as on 31st March, 2018.
Performance of major banks is given below for information of the house:
                                                                                                                   (Amt. in lakhs of Rupees)


Name of the bank

SHG’S Saving linkage

SHG’s Credit linkage

No. of SHGs SB accounts opened during CFY (2017-18)

Total No. of Active SHG SB accounts as on 31st Mar. 2018

Total available balance in Active Savings Accounts

No. of SHGs credit linked during CFY
(2017-18)

Total Amount disbursed during CFY (2017-18)

Total No. of SHG accounts as on 31st Mar. 2018

Total Amount out-standing as on 31st Mar. 2018

J&K Bank

163

513

49.33

138

244.30

465

674.06

SBI

68

239

77.99

37

57.48

239

203.56

PNB

260

743

47.90

303

521.99

460

436.50

HDFC Bank

0

0

0

0

0

0

0

JKGB

119

353

113

102

80.53

320

241.76

EDB

135

1333

68.03

135

236.21

334

336.89

Other banks

299

1424

60.5

52

74.05

538

259.54

TOTAL

1044

4605

416.75

767

1214.56

2356

2152.31

 

FINANCE TO JOINT LIABILITY FARMING GROUPS (JLGS) OF “BHOOMI HEEN KISSAN”:

 

Against the target of 4336 JLGs fixed for the State for FY 2017-18 on the basis of network of rural banks branches operating in the respective districts (in light of the observations made by the house during 106th meeting) banks in J&K State have formed 1091 JLGs upto the end of 31st March, 2018.  During the said period banks have credit-linked 994 JLGs extending a total amount of Rs.1601.07 lakhs in their favour.

Details of the district-wise revised targets for FY 2017-18 / progress achieved by banks as on 31.03.2018
       (Amt. in lacs)


S.
No

Name of the District

No. of rural branches

Target (FY 2017-18)

No. of JLGs formed

JLGs credit-linked

Accounts

Amount

1

Srinagar

18

72

3

3

6.00

2

Ganderbal

34

136

19

19

40.40

3

Baramulla

100

400

47

40

120.00

4

Bandipora

25

100

6

1

2.50

5

Anantnag

81

324

91

52

104.00

6

Kulgam

38

152

25

25

50.00

7

Pulwama

54

216

26

4

14.50

8

Shopian

27

108

0

0

0

9

Budgam

69

276

17

15

33.00

10

Kupwara

55

220

124

112

195.47

11

Poonch*

31

184*

9

9

4.40

12

Rajouri

66

264

83

73

91.20

13

Jammu

125

500

134

134

205.30

14

Samba

58

232

157

157

301.00

15

Udhampur

66

264

35

35

41.00

16

Reasi

46

184

4

4

2.00

17

Kathua

61

244

162

162

255.50

18

Doda

38

152

84

84

92.48

19

Ramban

29

116

0

0

0

20

Kishtwar

13

52

65

65

42.32

21

Leh

20

80

0

0

0

22

Kargil

15

60

0

0

0

TOTAL

1,069

4,336

1091

994

1601.07

*NABARD has allocated additional target of 60 JLGs to JKGB in District Poonch.

 

ROADMAP FOR COVERAGE OF 104 IDENTIFIED VILLAGES HAVING POPULATION OVER 5000 IN J&K STATE, WHICH ARE WITHOUT A BRANCH OF SCHEDULED COMMERCIAL BANK:


  S. No.

Name of the Bank

No. of Villages initially allocated

No. of villages reduced if any

No. of  Villages added, if any

Total No. of villages allocated

Achievement as on 31.05.2018

Villages covered by opening brick & mortar branches

Covered through CBS-enabled banking outlets

 

Total

 

 

1

J&K Bank

40

8

48

06

03

09

2

SBI

20

5

15

01

05

06

3

PNB

12

1

11

4

HDFC Bank

11

11

5

ICICI Bank

06

1

05

6

Canara Bank

05

05

7

UCO Bank

05

….

05

03

03

8

CBI

05

1

04

TOTAL

104

8

8

104

07

11

18

                                                                                                                                                                                          

Implementation of Electronic Benefit Transfer (EBT) Scheme in J&K State:
For ensuring hassle-free implementation of EBT Scheme in J&K State Government of J&K has already entered into an MOU with J&K Bank on 26th November, 2013. The J&K Bank has been designated as Leader Bank for all districts in J&K State.   Finance Department is the umbrella department from the State Government to coordinate, oversee and facilitate roll out of EBT. As on 31st march, 2018, all the 22 districts of the State have been brought under the purview of EBT scheme for one Scheme, i.e. IGNOAPS

 

PROGRESS ACHIEVED IN ISSUANCE OF AADHAAR CARDS IN J&K STATE & SEEDING OF AADHAAR AND MOBILE NUMBERS INTO THE BANK ACCOUNTS:

 

 

Aadhaar Generation details (Age-wise)
as on 17.04.2018

Population
(Census 2011)

Aadhaar Generated

%age

a

Up to 5 years

14,14,884

1,38,374

9.78%

c

5 years & above up to 18 years

35,81,478

21,83,434

60.96%

b

18 years & above

75,44,940

77,07,462

102.15%

A

Total Population (Census 2011)

1,25,41,302

1,00,29,270

79.97%

Aadhaar Seeding details as on 31.03.2018

Number

%age

B

Total No. of Individual Saving Bank accounts in the State

1,22,75,031

-

C

Out of (B), Individual SB accounts seeded with Aadhaar

71,59,041

58.32%

D

%age of accounts seeded with Aadhaar viz a viz total Aadhaar generated in the state. 

-

71.38%

Mobile Seeding details

E

Individual Saving Bank accounts seeded with Mobile

97,54,445

79.47%

 

Setting up of Aadhaar Centres in Bank Branches:

Pursuant to Government of India amendments to the Prevention of Money Laundering Act (PMLA) on 01/06/2017 with a view to frame the action plan to seed all the bank accounts with Aadhaar, Unique Identification Authority of India (UIDAI) vide Gazette Notification dated: 14/07/2017 mandated every Scheduled Commercial Bank to set up Aadhaar enrolment and updation facility inside its bank premises at a minimum of 1 (one) out of their every 10 (ten) branches.

Unique Identification Authority of India (UIDAI) vide Circular bearing F. No. 4(4)/ 57/ 341/ 2017- E&U-pt dated: 23rd February, 2018 has set up the procedures regarding minimum number of Aadhaar enrolment and update to be done by the banks along with other guidelines

In J&K State, 188 Bank Branches have been designated by 16 banks for Aadhaar enrolment and update Centres, the details as on 18.06.2018 are given a under:

Sr. No.

Name of the Bank

No. of Branches Designated  for Aadhaar Enrollment and updation

ECMP KITS

Cumm. Enrolments and Updation made from the inception of the centres

Total Kits deployed by the Bank

Out of (B),
No. of Working Kits (UIDAI)

Out of C, Kits with Zero enrolment

Out of (A), Kits not deployed

Total Non-Working kits

 

 

A

B

C

D

E = A - B

F = D + E

H

1

J&K Bank Ltd

100

92 

72

7

8

15

 75,508

2

S. B. I

20

16

14

2

4

6

5811

3

P. N. B

24

4

1

20

21

807

4

HDFC Bank

11

11

9

3

0

3

479

5

ICICI Bank

1

1

1

0

0

0

NA

6

Canara Bank

3

 3

3

0

0

0

3226 

7

Axis Bank

1

1

1

0

0

0

105

8

O. B. C

1

 1

1

0

0

0

148

9

IndusInd Bank

1

 1

1

1

0

1

 0

10

Punjab and Sind Bank

4

4

4

0

0

0

160

11

Allahabad Bank

3

 3

3

1

0

1

NA

12

Bandhan Bank

1

1

0

0

0

 NA

13

E. D. B

11

7

3

0

4

4

965

14

Syndicate Bank

4

 3

2

0

1

1

 96

15

Bank of Baroda

1

1

1

0

0

0

35

16

Central Bank of India

2

0

0

0

2

2

0

TOTAL

188

149

120

15

39

54

87,340

Out of 188 branches designated by the banks for Aadhaar enrolment cum update centers, Aadhaar kits are functional in 120 Branches. There is a gap of 68 kits out of which 29 are deployed but are Non-functional whereas 39 Aadhaar kits are yet to be deployed by the banks in the designated branches.

IMPLEMENTATION OF DIGIDHAN MISSION IN J&K:

DIGIDHAN Mission is an important component of Digital India Programme and envisions promotion of digital payments. Hon’ble Union Finance Minister in his budget speech on February 1, 2017 assigned a national target of 2500 Crore Digital Payment Transactions through various specified modes for 2017-18, viz. UPI, USSD, Aadhaar Pay, IMPS, Debit Cards, Credit Cards, Internet Banking, Mobile Banking, Mobile Wallets, NEFT, RTGS and NASH, out of which a target of 23 Crore transactions was apportioned to J&K State.  

J&K Govt. has constituted an Apex State Level Committee, under Chairmanship of Chief Secretary, J&K Government vide Govt. Order No.15-ITD of 2017 dated 6.10.2017 to monitor the implementation of DIGIDHAN Mission to achieve the allocated target of 23 Crore Digital Payment Transactions among the Scheduled Commercial Banks operating in J&K State

Against the target of 23 Crore digital payment transactions allocated to J&K State for CFY, 5.08 Crore digital transactions have occurred up to 31.03.2018 through Scheduled Commercial Banks in J&K State.

IMPLEMENTATION OF CREDIT LINKED SUBSIDY SCHEME (CLSS) UNDER PRADHAN MANTRI AWAS YOJANA (PMAY) IN J&K STATE- :

Credit Linked Subsidy Scheme (CLSS) as part of “Housing for All by 2022” mission is under Implementation in J&K State to address housing needs of Economically Weaker Sections, Low Income Group and Middle Income Group segments in urban areas.

Housing & Urban Dev. Department, J&K Govt. has designated J&K Housing Board as the Nodal / Sponsoring Agency for Srinagar and Jammu districts and District Urban Development Agency (DUDA) for other districts of the State.

 District-wise position of physical target & achievement as on 31.03.2018 is as under:

S. No

Name of District

Target
FY
2017-18

Cases spon-sored

Ach.as on 31.03.2018

S.
No.

Name of District

Target FY
2017-18

Cases spon-sored

Ach.as on 31.03.2018

1

Srinagar

5938

123

34

13

Jammu

6230

81

15

2

Ganderbal

399

20

2

14

Samba

54

0

0

3

Budgam

149

141

67

15

Kathua

351

25

5

4

Anantnag

580

156

51

16

Udhampur

482

18

10

5

Kulgam

250

91

44

17

Reasi

200

5

2

6

Pulwama

219

43

33

18

Doda

487

27

31

7

Shopian

246

120

44

19

Kishtwar

335

4

2

8

Baramulla

1329

279

134

20

Ramban

74

0

0

9

Bandipora

220

144

81

21

Rajouri

80

37

18

10

Kupwara

341

168

29

22

Poonch

300

79

2

11

Leh

223

0

0

 

 

 

 

 

12

Kargil

161

31

29

 

TOTAL

18648

1592

620

 

 Bank-wise performance under CLSS of PMAY as at the end of 31.03.2018 is given as under:
(Amount in Crores of rupees)


Name of the Bank

Target
for FY 2017-18

Cases Sponsored

Achievement
As on 31.03.2018(*)

Ach. %age viz-a-viz

Target

Sponsorship

A/Cs

Amt.

 

A/Cs

Amt.

Phy.

Fin.

Phy.

J&K Bank

7101

281.63

1359

533

32.41

8%

12%

39%

SBI

2485

95.38

74

19

1.32

1%

1%

26%

PNB

1778

65.60

36

9

0.44

1%

1%

25%

HDFC Bank

786

34.43

0

0

0

0

0

0%

JKGB

1700

60.08

55

13

0.74

1%

1%

24%

JCCB

380

10.17

15

24

0.26

6%

3%

160%

J&K SCB

219

8.40

20

11

0.60

5%

7%

55%

Other Banks

4199

144.82

33

11

0.67

0.26

0.46%

33%

TOTAL

18648

700.51

1592

620

36.44

3%

5%

39%

 

(*)  This includes pending cases of last year’s disbursed during the CFY.

Pradhan Mantri MUDRA Yojana (PMMY) - Progress in J&K State as on March 31, 2018:

The position of disbursement of loans by banks in J&K State under the Pradhan Mantri Mudra Yojana (PMMY) as on March 31, 2018, is as under:
                 (Amount in Crores)


S. No.

Category

Target
for CFY (2017-18)

Achievement as on 31.03.2018

Achievement% (Financial)

A/Cs

Amount

A/Cs

Amount

1

Shishu

74,456

440.66

17,981

64.77

26%

2

Kishore

35136

1,316.43

71,821

1,646.14

114%

3

Tarun

8,720

708.10

10,051

740.05

104%

TOTAL

1,18,312

2,465.19

99,853

2,450.96

99%

 

Implementation of Prime Ministers’ Fasal Bima Yojana (PMFBY):

PMFBY Scheme has been introduced in J&K in the year 2015-16. The Scheme was to be operative in the State covering 287 blocks falling in 20 districts (excluding districts of Kargil and Leh). Seven crops were to be covered under the Scheme with period of coverage for all the seven crops being Rabi 2016-17 and Kharief 2017, for a period of three years in terms of Operational Guidelines on PMFBY.
The State Government had been able to select the service providers for 10 districts of Jammu Division only, (i.e. M/S Reliance General Insurance, M/S Oriental Insurance Company and M/S ICICI Lombard,), as such the PMFBY Scheme stands already made operational in Jammu Division of the State.

 Progress under Pradhan Mantri Jan Dhan Yojana (PMJDY):

The consolidated progress regarding implementation of Pradhan Mantri Jan Dhan Yojana (PMJDY) in J&K State as on 31.03.2018 is given as under:

 

#

Type of Bank

No. of A/Cs opened

Zero balance accounts

RuPay Debit Cards

Rural

Urban

Total

Issued

Active

1

Public Sector

2,03,197

1,53,837

3,57,034

71,386

3,10,364

2,38,112

2

Private Sector

13,61,764

1,14,419

14,76,183

4,90,929

11,65,015

7,23,459

3

Regional Rural

1,33,504

26,478

1,59,982

42,510

55,099

39,641

4

Cooperative

8,151

3,311

11,462

2,090

2,912

2,290

TOTAL

17,06,616

2,98,045

20,04,661

6,06,915

15,33,390

10,03,502

 

Progress regarding two Social Security Schemes 1) Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and 2) Pradhan Mantri Suraksha Bima Yojana (PMSBY):

The consolidated progress on number of enrolments under two insurance schemes viz. PMSBY and PMJJBY up to 31.03.2018 in J&K State is given as under:

S.No

Name of the Scheme

No. of enrolments

1

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

5,75,774

2

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

2,57,989

Total enrolments under PMSBY and PMJJBY

8,33,763

  • Insurance Claim details under PMSBY and PMJJBY:
  •  Consolidated summary of claims logged by banks operating in J&K State under PMSBY and PMJJBY as on 31.03.2018 is given as under:

#

Name of the Bank

PMSBY Claims

  • Received (cumm.)
  • Settled (cumm.)
  • Rejected (cumm.)
  • Under Process (cumm.)
  • Amount disbursed
  • (in lacs)

1

Public Sector Banks

65

52

7

6

104.00

2

Private Sector Banks

62

46

4

12

92.00

3

Regional Rural Banks

15

10

3

2

20.00

4

Cooperative Banks

0

0

0

0

0.00

TOTAL

 

142

108

14

20

216.00

 

 

#

Name of the Bank

PMJJBY Claims

  • Received (cumm.)
  • Settled (cumm.)
  • Rejected (cumm.)
  • Under Process (cumm.)
  • Amount disbursed (in lacs)

1

Public Sector Banks

72

61

3

8

122.00

2

Private Sector Banks

307

297

2

8

594.00

3

Regional Rural Banks

30

29

1

0

58.00

4

Cooperative Banks

2

2

0

0

4.00

TOTAL

411

389

6

16

778.00

  • Progress regarding Atal Pension Yojana:

The consolidated progress on number of enrolments under Atal Pension Yojana upto 07.04.2018 in J&K State received from PFRDA is given as under:

Atal Pension Yojana (APY)

No. of subscribers

No. of subscribers sourced from the inception of the scheme

45,830

No. of subscribers sourced from 01.04.2017 till 07.04.2018 against the target of 1,18,590.

14,091 (12%)

    • As against annual target of enrolling 1,18,590 beneficiaries for CFY 2017-18 set by DFS, MoF, GoI based on the branch network of Scheduled Commercial Banks operating in J&K State, Banks have enrolled 14,091 beneficiaries up to April, 07, 2018 registering an achievement of 12%.

    Category

    Target per Branch

    No. of Branches

    Target for 2017-18

    No. of PRANs registered from 01.04.2017 till 07.04.2018

    %age Ach.

    Total APY accounts sourced from inception

    Public Sector Banks

    70

    471

    32,970

    7,207

    22%

    18,799

    Select PVT. Banks like J&K Bank, ICICI, HDFC & Axis Bank

    70

    913

    63,910

    2,337

    4%

    17,730

    Private Sector Bank

    30

    16

    480

    0

    0%

    31

    Regional Rural Banks

    60

    334

    20,040

    4,540

    23%

    9,095

    DCCBs/ UCBs /SCBs

    20

    26

    520

    0

    0%

    15

    Department of Post

    10

    67

    670

    7

    1%

    160

    TOTAL

    -

    1827

    1,18,590

    14,091

    12%

    45,830

    STAND-UP INDIA PROGRAMME LAUNCHED BY HON’BLE PRIME MINISTER:

    Stand-Up India Programme was launched by Hon’ble Prime Minister on April 5, 2016 to be implemented by all Scheduled Commercial Banks to facilitate bank loans between Rs.10.00 lakh and Rs.1.00 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) and at least one Women borrower per bank-branch for setting up Greenfield Enterprise in manufacturing, services or trading sector. In case of non-individual enterprises, at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.   

    Against the target of 3,498 cases, 1,749 branches of the Scheduled Commercial Banks in J&K State have disbursed an amount of Rs.51.37 Crore in favour of 332 beneficiaries, which includes 154 cases of women and 178 cases of SC/ST.

    STATUS OF BUSINESS CORRESPONDENTS / BANK MITRAS IN J&K STATE:

    • The Business Correspondent Agents/ Bank Mitras are playing a major role in spread of financial literacy by educating the people about banking services and meeting their banking needs. They are mobilizing people to enroll in three social Security schemes, viz. PMJJBY, PMSBY and APY, in far-flung / difficult areas in order to fulfil the National Mission of Financial Inclusion under PMJDY.

     

    • A total of 1,475 Bank Mitras have been deployed in J&K State for providing banking services to 1,827 Sub Service Areas (SSAs) in rural areas. Under the directions of DFS, MoF, GoI, Banks have been directed to ensure their coverage either by opening Bank Branch or through Bank Mitras (BCs).
    • Bank Mitras engaged by J&K Bank, State Bank of India and Ellaquai Dehati Bank have been equipped with Micro ATMs as well as Aadhaar Enabled Devices for card-based and Biometric transactions while as Bank Mitras of Punjab National Bank and Oriental Bank of Commerce have Aadhaar Enabled Micro ATMs capable for both type of transactions. J&K Grameen Bank has not provided any kind of devices to their Bank Mitras.

     

    Bank wise position as on March 31, 2018 is given below:

    Particulars

    1

    2

    3

    4

    5

    6

    TOTAL

    Name of the Bank

    JKB

    SBI

    PNB

    JKGB

    EDB

    OBC

    Bank Mitras (BM)

    Engaged

    970

    179

    62

    232

    28

    4

    1,475

    Active

    569

    179

    46

    232

    10

    4

    1,040

    No. of Micro ATMs

    Total

    881

    151

    48

    0

    3

    4

    1,087

    Working

    569

    151

    34

    0

    3

    4

    761

    Non-Working

    312

    0

    14

    0

    0

    0

    326

    No. of AEPS Devices

    881

    179

    48

    0

    28

    4

    1,140

    No. of SSAs Allotted

    1173

    216

    95

    270

    73

    0

    1,827

    SSAs Covered through

    Bank Mitras

    615

    149

    62

    172

    28

    0

    1,026

    Branches

    558

    67

    33

    98

    45

    0

    801

     

     

     

     

     

     

     

     

     

     

     

     

     


     

   
     
     
     
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Mr. Parvez Ahmed
Chairman & Chief Executive Officer
Convenor J&K SLBC
The Jammu & Kashmir Bank Ltd.
Corporate Headquarters
M.A Road, Srinagar,
Jammu and Kashmir, India
Phone: 0194-2481900,

Fax: 0194-2481902

Mr. Sunil Gupta
President,
Lead Bank Department, J&K Govt Banking, Treasury & Subsidiary Management, FID / CSE
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India
Telephone/ Fax: 0194-2502642
Ext. No: 1370-1371
Cell No: 9663466604

Email: sunil.gupta@jkbmail.com

 

 

SLBC Secretariat/ Lead Bank Department
J&K State Level Bankers' Committee (SLBC)
Corporate Headquarters
M.A Road Srinagar,
Jammu and Kashmir, India
Telephone/ Fax: 0194-2502639
Aircel: 7051537118, 7051537119
Ext. No/s: 1139. 1140 and 1141
Email: convenorbank@jkbmail.com


 
 
 

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