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Large scale achievements made under various Schemes including PMJDY; 26.03 crore accounts opened as on 21st December 2016 under PMJDY out of which 15.86 crore accounts are in rural areas and 10.17 crore in urban areas; Deposits worth ₹ 71557.90 crore mobilsed under the Scheme; 126985 Bank Mitras deployed; 51745 claims registered under PMJJBY till 28th December 2016 out of which 48023 have been disbursed;.

News and Press Release - Dated:- 2-1-2017 - 38.23 lakh subscribers enrolled under APY with a total pension wealth of ₹ 1344.70 crore as on 27th December, 2016; ₹ 77,916.54 crore disbursed to 2.12 crore borrowers under PMMY including 1.68 crore Women Entrepreneurs; Up to the quarter ending 30.09.2016 during the Current Financial Year 2016-17, Agriculture Credit amounting to ₹ 7,55,995.16 crore (provisional figure) has been disbursed, registering an achievement of about 84% of th .....

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a Modi in his Independence Day Speech on 15th August , 2014 . The Scheme was formally launched by the Prime Minister, Shri Narendra Modi on 28th August, 2014 at National level. Objectives of PMJDY (i) Universal access to banking facilities for all households across the country through a bank branch or a fixed point Business Correspondent (BC) within a reasonable distance. (ii) To cover all households with atleast one Basic Bank Account with RuPay Debit card having inbuilt accident insurance cove .....

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vii) Providing micro -insurance to the people. (viii) Un=organised sector Pension schemes through the Business Correspondents. Achievements under PMJDY (as on 21st December,2016) (i) 26.03 crore accounts have been opened under PMJDY out of which 15.86 crore accounts are in rural areas and 10.17 crore in urban areas. (ii) Deposits of ₹ 71,557.90 crore has been mobilized. (iii) 19.93 crore RuPay Debit cards have been issued under PMJDY. (iv) Aadhaar seeding in PMJDY accounts 14.43 crore (v) .....

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is facility involving an amount of ₹ 316.56 crore. Insurance Claims settled (i) As on 23rd December, 2016, out of 1712 claims lodged, 1626 claims have been disposed off under accidental insurance cover of ₹ 1 lakh under RuPay debit card . (ii) As on 23rd December, 2016, out of 3936 claim lodged, 3421 claims paid under Life Cover of ₹ 30,000/- to those beneficiaries who opened their accounts for the first time from 15.08.2014 to 31.01.2015. II Jan Dhan to Jan Suraksha For creati .....

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BY) The PMJJBY is available to people in the age group of 18 to 50 years having a bank account who give their consent to join / enable auto-debit. Aadhar would be the primary KYC for the bank account. The life cover of ₹ 2 lakhs shall be for the one year period stretching from 1st June to 31st May and will be renewable. Risk coverage under this scheme is for ₹ 2 Lakh in case of death of the insured, due to any reason. The premium is ₹ 330 per annum which is to be auto-debited i .....

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PMJJBY. 51,745 claims were registered under PMJJBY till 28thDecember, 2016 out of which 48,023 have been disbursed. Pradhan Mantri Suraksha BimaYojana (PMSBY) The Scheme is available to people in the age group 18 to 70 years with a bank account who give their consent to join / enable auto-debit on or before 31st May for the coverage period 1st June to 31st May on an annual renewal basis. Aadhar would be the primary KYC for the bank account. The risk coverage under the scheme is ₹ 2 lakh fo .....

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ent reported by Banks subject to verification of eligibility, etc. is over 9.88 Crore under PMSBY. 10084 Claims were registered under PMSBY till 28thDecember, 2016 out of which 7282 have been disbursed. Atal Pension Yojana (APY) (i) APY was launched on 9th May, 2015 by the Prime Minister Shri Narendra Modi. (ii) APY is open to all bank account holders in the age group of 18 to 40 years and the contributions differ, based on pension amount chosen. (iii) Subscribers would receive the guaranteed mi .....

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han estimated return on investment and is inadequate to provide the minimum guaranteed pension, the Central Government would fund such inadequacy. Alternatively, if the returns on investment are higher, the subscribers would get enhanced pensionary benefits. (vi) The Central Government would also co-contribute 50% of the total contribution or ₹ 1000 per annum, whichever is lower, for a period of 5 years for those eligible subscribers joining the scheme between the period 1st June, 2015 and .....

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ure death (death before 60 years of age) of the subscriber. The spouse of the subscriber shall be entitled to receive the same pension amount as that of the subscriber until the death of the spouse. After the death of both the subscriber and the spouse, the nominee of the subscriber shall be entitled to receive the pension wealth, as accumulated till age 60 of the subscriber. Progress under APY As on 27th December, 2016, a total of 38.23 lakh subscribers have been enrolled under APY with a total .....

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rm income generating activities will be branded as PMMY loans. Objective: To promote & ensure bank finance to unfunded segments of the economy. Target Clients Non-Corporate Small Business Segment (NCSB) comprising of proprietorship / partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits / vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others, in rural and urba .....

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akh extended to the units in the Micro Small Enterprises sector. iv. Activities allied to Agriculture , e.g. pisciculture , beekeeping, poultry , livestock , rearing , grading, sorting , aggregation agro industries, diary, fishery, agriclinics and agribusiness centers, food & agro-processing, etc (excluding crop loans, land improvement such as canals, irrigation, wells ) and services supporting these, which promote livelihood or are income generating , have been included under PMMY from Apri .....

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application, in the prescribed format along with the required supporting documents for availing of the loan. Performance as on 9th December, 2016 Disbursement amount - ₹ 77,916.54 crore No. of Borrowers - 2.12 crore No. of Women Entrepreneurs - 1.68 crore IV. Stand-Up India Scheme The Stand-Up India Scheme was launched by the Prime Minister Shri Narendra Modi on 5th April, 2016. The scheme envisages extending bank loans between ₹ 10 lakh to ₹ 1 crore for Greenfield Enterprises .....

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lowest applicable rate of the bank for that category as per rating. Provision of convergence with State/ Central Government Schemes has been identified in the Scheme. Credit Guarantee Fund Scheme for Stand-Up India (CGFSI) is operational with a corpus fund of ₹ 5,000 crore. A dedicated portal (www.standupmitra.in) for the Stand-Up India Scheme is active. The portal as a virtual market place endeavors to provide End to End' solutions not only for credit delivery but also for a host of .....

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ion, with the financial support from the banking system, on affordable terms and conditions, and, that no deserving student is denied an opportunity to pursue higher education for want of financial support. Model Educational Loan Scheme was prepared by Indian Banks Association (IBA) in the year 2001 which was circulated to banks for implementation by Reserve Bank of India in April, 2001. Keeping in view the needs of the students and suggestions from stakeholders the Model Educational Loan Scheme .....

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view, apply and track the education loan applications made to banks anytime, anywhere by accessing the portal. Twenty seven PSBs, 6 Private Sector Banks and two co-operative Bank have integrated their system with the Vidya Lakshmi Portal for submitting on-line loan applications and for providing loan processing status to students. This initiative aims to bring on board all Banks providing Educational Loans. The portal covers 64 educational loan schemes of different banks. VI. BIFR/AAIFR The Gaz .....

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ure Credit (i) The Government of India has been setting an annual target for the flow of credit to the agriculture sector, which has been surpassed by banks over the years. (ii) As against the Annual Target of ₹ 8,50,000 crore for 2015-16, agriculture credit was disbursed to the tune of ₹ 8,77,527.05crore during 2015-16, registering 103.24% achievement. (iii) The Government has fixed the annual target for flow of agriculture credit during 2016-17 at ₹ 9,00,000 crore. Up to the .....

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Long Term Rural Credit Fund (LTRCF) set up in NABARD, which is met out of the shortfall in Priority Sector Lending (PSL) targets. The Cooperative Banks/RRBs are, therefore, able to draw much higher refinance support from NABARD for financing medium and long term agricultural loans during 2016-17. IX. The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 (i) The Securitisation and Reconstruction of Financial Assets and Enforcement of Se .....

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ember 2016 and 4th November 2016. (ii) Important provisions of Amendment Act which will help DRTs in faster disposal of cases include enabling reappointment of Chairpersons, DRATs and Presiding Officers, DRTs, minimising the number of adjournments in DRTs, introduction of electronic filing system in DRTs, power to prescribe the number of days in rules for each adjournment and days for filing written statements etc by Government, etc. X. New Initiatives, Achievement and others: (i) The banks have .....

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s have taken various initiatives for expanding card acceptance infrastructure to Semi-urban and Rural areas to provide cashless transaction system. (iv) Banks have organized special camps across the country to open new accounts. There are 64.50 lakh new accounts have been opened in 4.52 lac camps between 26.11.2016 to 27.12.2016. (v) In order to provide banking facilities in all unbanked rural areas, banks have deployed Bank Mitras. As on 23rd December, 2016, total 1,26,985 Bank Mitras have been .....

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ween the participating members of BRICS Interbank cooperation Mechanism and NDB was signed on 15th Oct, 2016. (viii) The Union Cabinet at its meeting held on April, 2016 has approved enhancement of the amount upto ₹ 3,000 crore of Buyer s Credit facility to Iran under the Export Development Fund (EDF) to cover the contracts for import of steel rails from India and Development of Chabahar Port Project, thereafter, enhanced as above and signed on May, 4, 2016 between EDF and seven Iranian Ba .....

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addition to Chairman. Except ex-officio members, all the Members and Chairman will be part time. The BBB, which has started functioning from April 01, 2016. (x) A top level Bankers retreat namely Gyan Sangam 2.0 was organized at State Bank Academy, Gurgaon on 4-5 March, 2016. The main purpose of organizing this event was to give an opportunity to Chairman & Managing Directors (CMDs)/Managing Director & Chief Executive Officers (MD&CEOs) and Executive Directors (EDs) of all the banks .....

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s (ACC) has recently appointed five Non-Executive Chairmen in the Public Sector Banks, namely, Bank of Baroda, Bank of India, Canara Bank, Indian Bank and Vijaya Bank. (xii) The Government has also decided to open the selection process for the candidates belonging to private sector in five bigger Public Sector Banks namely Bank of Baroda, Bank of India, Punjab National Bank, Canara Bank and IDBI Bank Ltd. Accordingly, guidelines have been revised with the approval of ACC and based on new guideli .....

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such visit. (xiv) Preferential Allotment:- Approval granted to 12 proposals of PSBs to raise a sum of Rs. 2914.038 crore through preferential allotment. (xv) QIP:- Permission given to raise ₹ 200 crore by United Bank of India through QIP mode. (xvi) Advisories issued to PSBs:- Advisory issued to all PSBs to implement Cyber Security measures to avoid fraudulent transactions and for strengthening their IT Security to avoid cyber breach. They were advised to intimate Indian Computer Emergenc .....

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d during January to December 2016. (xix) Laying of Annual and Consolidated Report of PSBs in Parliament:- Annual Report of all PSBs and Consolidated Report of PSBs received from RBI have been laid on the table of both the Houses of Parliament. (xx) Advisories issued on Bank Notes to Indian Bank s Association (IBA) :- Member banks of IBA were advised to strict compliance with original IDs for bank transactions and to put a display board communicating consequences of using fake IDs. They were advi .....

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s of availability of cheques. A D.O. letter from the Secretary (Revenue) regarding PAN reporting requirements was forwarded to IBA with a request to advise banks accordingly. XI. Capitalization of Public Sector Banks (PSBs) As of now, the PSBs are adequately capitalized and meeting all the Basel III and RBI norms. However, the Government of India wants to adequately capitalize all the banks to keep a safe buffer over and above the minimum norms of Basel III. Therefore, Government has estimated h .....

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e bank and their growth ability. It is also presumed that the emphasis on PSBs financing will reduce over the years by development of vibrant corporate debt market and by greater participation of Private Sector Banks. Out of the total requirement, the Government of India proposes to make available ₹ 70,000 crore out of Budgetary Allocations for four years as per the figures given below: (i) Financial Year 2015 -16 - ₹ 25,000 crore (ii) Financial Year 2016-17 - ₹ 25,000 crore (i .....

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d on assessment of performance of PSBs based on their results on the Quarter ending in December. XII. Acquisition of Subsidiary banks of SBI, i.e. State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore, and Bhartiya Mahila Bank Ltd. By State Bank of India. The Cabinet in its meeting held on 15th June 2016 has approved the proposal of acquisition of assets and liabilities of subsidiary banks i.e. State Bank of Bikaner & .....

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