The minutes summarized the key discussions from a special SLBC meeting held on March 18, 2010 to approve the roadmap for implementing the Financial Inclusion Plan in the state of Odisha. The meeting was chaired by the Chief Secretary of Odisha and attended by senior officials from RBI, NABARD, banks and state government departments. The roadmap identified 1,878 villages above a population of 2,000 that lacked banking facilities. Banks agreed to provide services in these villages through the BC/BF model by 2011. Progress would be monitored monthly at the district and state level.

1. MINUTES OF THE SPECIAL SLBC MEETING FOR
APPROVAL OF ROAD MAP OF FINANCIAL INCLUSION
PLAN FOR THE STATE OF ODISHA HELD ON 18.3.2010
The Special SLBC meeting for approval of Roadmap of Financial Inclusion
Plan (FIP) for the State of Odisha was held on 18/03/2010 under the
Chairmanship of Shri T.K. Mishra, Chief Secretary Govt. of Odisha.
Among others it was attended by Shri J.K. Mohapatra, Principal
Secretary to Govt. Finance Department, Govt. of Odisha; Shri K.
Sudhakar, Regional Director, RBI, Bhubaneswar; Shri Sourav Garg,
Commissioner cum Secretary, Industries Department, Govt. of Odisha;
Shri H.K. Sharma, Director, Industries, Govt. of Odisha, Shri C.R.
Pattnaik, Chief General Manager, NABARD, Regional Office,
Bhubaneswar; Shri C.H. Narasimha Rao, Chief General Manager, SBI,
Bhubaneswar; Shri S.M. Sinha, General Manager, UCO Bank & Convenor,
SLBC, Odisha.
Shri S.M. Sinha, General Manager, UCO Bank and Convenor, SLBC, Odisha
welcomed Shri T.K. Mishra, Chief Secretary Govt. of Odisha and
dignitaries from RBI, NABARD, Govt. line Departments and Banks.
In his welcome address, he observed as follows;
Reserve Bank of India had recently constituted a High Level Committee
under Chairmanship of Smt. Usha Thorat, Deputy Governor, to review the
Lead Bank Scheme. This Committee has made wide ranging
recommendations for achieving Financial Inclusion and expanding banking
facilities to all villages with a population of over 2000 by the year 2011.
As per the 2001 census, there are approximately one lakh habitations
with a population of over 2000 in the country. In the State of Odisha,
there are 1878 villages having population of more than 2000 as per 2001
census having no banking facilities.
It has been advised by the Ministry of Finance, Govt. of India to draw up
action plans by March, 2010 to achieve the aforesaid objective through
the District Consultative Committee (DCC). Meanwhile, all LDMs have
taken the necessary steps to prepare the Road Map of the Financial
Inclusion Plan of all the 30 districts of our State and the same has been

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approved in the Sub Committee of the DCC (District Consultative
Committee). Consolidated Road Map of the Financial Inclusion Plan of all
the 30 Districts of our State is being presented in the meeting for
approval in this meeting.
He appealed to all concerned present here to support in the process of
Financial Inclusion which is our national priority.
PMEGP is the flagship programme of the Govt. of India which is to be
implemented by Banks and KVIB, KVIC and Industries Department, Govt.
of Orissa is letter and spirit. All concerned should take a stock of the
workshop and implement the scheme in our State successfully.
The Banks implementing the PMEGP were requested not only to achieve
the target but also to surpass the same to provide employment to the
unemployed and also for generation of income.
Shri T.K. Mishra, Chief Secretary, Govt. of Odisha in his keynote address
said that success should be shared by all the people. Unbanked area must
be given importance. If branches could not be opened in Malkangiri,
Raygada and KBK area, then BC Model should be adopted. He thanked
SBI who supported us in many areas to start BC Model. There should be
more visibility in financial inclusion. Other Banks should come forward.
All of them should see the success story of Gramin Bank which plays a
vital role in KBK districts. Micro finance is very important. Banks should
show keenness to extend support for implementing the Financial Inclusion
in the State. Going out of the traditional path, all should march forward
with technological innovation covering the people in mass; SBI and UCO
Bank are doing very well. He expected all banks should come forward to
the cause of the State.
Regional Director, RBI, Bhubaneswar stated that, in the Booklet, it is
mentioned that banking services will be provided through BC. That is the
first beginning of Financial Inclusion. Actual Financial Inclusion may take
long time. SBI has already appointed their BCs for entire state. Most of
the Banks have not appointed their BCs. Those who want to go ahead, do
not delay and do not allow the people of those areas to suffer. Same
thing happened in case of PMEGP. Rightly or wrongly due to service area
approach, this PMEGP proposals were rejected at the last moment. Since

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6 to 8 weeks passed, Banks could not sanction/disburse. Do not waste
time. If one bank can not, then other banks will do it.
Shri Hemant Sharma, IAS, Director, Industries presented the
performance of PMEGP both bank-wise and district-wise through
PowerPoint.
Address by Shri J.K. Mohapatra, Principal Secretary, Finance
Department, Govt. of Odisha.
While emphasizing the importance of Financial Inclusion, Shri J.K.
Mohapatra, Principal Secretary to Govt. Finance Department expressed
as follows;
Financial Inclusion is the part of overall growth architect of the Country.
Mantra of inclusive growth is enchanted every where. Without Financial
Inclusion, state can not have inclusive growth. It is realized that growth
by itself does not percolate to the most neglected or vulnerable section
of society.
It is felt that inclusive growth will not be very much feasible unless
Financial Inclusion is achieved. On Budget announcement, it was told that
all the villages having 2000 population and above should be provided
banking facility by 2012. It was seen that the entire World is in financial
turmoil in last 18 months or so. Some financial illiteracy prevails, in
Kandhamal, Malkangiri and some western districts. In some western
countries financial illiteracy prevails also. 40% of credit card holders in
western countries are in debt trap. Among them 30% of Americans, U.K
and Europeans do not know how to calculate compound interest. Country
like India, State like Odisha, Region like Kandhamal, Malkangiri, Gajapati,
the level of financial illiteracy is really alarming.
The technology has to be developed and pushed aggressively. The
strategies are required for covering masses for inclusive growth. SHGs
are contributing much more. All should aggressively explore the business
opportunities. He expressed that, he will have a presentation about the
scenario pertaining to Financial Inclusion of the State.
SLBC approved the 1878 numbers of villages on FIP having more than
2000 population as per 2001 census. Financial Services must be provided

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and exercise must be completed by 2011. There are nearly 20% villages
whose population are above 1700 have been left as per 2001 census.
There should not be any complain in identifying the villages having
population of more than 2000 without banking facilities.
SBI stated that Financial Inclusion is an important commitment by Banks
which Banks have to fulfill. Here is an opportunity for the Bankers to do
good work for the society. Please do the same for Financial Inclusion and
PMEGP.
The consolidation of FIP of districts reveals that there are 1878
numbers of villages having more than 2000 population are unbanked, i.e.
those villages do not have banking facilities.
Ganjam District is having highest numbers of villages (261) having
populations of more than 2000 where banking facility is not available.
Deogarh District is having lowest numbers of village (1) having population
of more than 2000 where banking facility is not available.
From the approved Road Map of Financial Inclusion Plan, it is very much
cleared that Banks in the State are interested to provide banking
facilities through BC/BF model.
Following decisions are taken to be abided by all concerned.
• At the district level, sub committee of DCC has to oversee the
progress of FIP on monthly basis.
• LDMs have to share the monthly progress report of FIP desired by
RBI to SLBC on monthly basis by the 5th of succeeding month and
SLBC has to submit the consolidated figure of State to RBI by 10 th
of succeeding month.
• A sub committee of SLBC is constituted to look up the issues of
roadmap of FIP of the State of Odisha with following members.
Chairman – General Manager, UCO Bank – cum- Convenor SLBC, Orissa
Members –
o Deputy General Manager, RBI, RPCD, Regional Office,
Bhubaneswar.
o Deputy General Manager, NABARD, Regional Office,
Bhubaneswar.

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o Director, Institutional Finance & Ex-Officio Addl. Secretary
to Govt. Finance Department, Govt. of Orissa, Bhubaneswar.
o Deputy Director-cum-Deputy Secretary to Govt., Panchayati
Raj Dept., Govt. of Orissa, Bhubaneswar.
o General Manager, State Bank of India, LHO, Bhubaneswar.
o Asst. General Manager, Lead Bank Cell, SBI, LHO,
Bhubaneswar
o Deputy General Manager, Andhra Bank, Bhubaneswar
o Deputy General Manager, Bank of India, Bhubaneswar
o Deputy General Manager, Union Bank of India, Bhubaneswar
o Deputy General Manager, Allahabad Bank, Bhubaneswar
o Deputy General Manager, Punjab National Bank, Bhubaneswar
o Deputy General Manager, Indian Overseas Bank,
Bhubaneswar
o Chairman, Neelachal Gramya Bank, Bhubaneswar
o Chairman, Baitarani Gramya Bank, Baripada, Mayurbhanja
o Chairman, Rushikulya Gramya Bank, Brahmapur, Ganjam
o Chairman, Kalinga Gramya Bank, Cuttack
o Chairman, Utkal Gramya Bank, Bolangir
o All 30 (Thirty) LDMs.
o UCO Bank, is the Convenor of the Sub Committee.
• The Road Map of the FIP of the State was approved in the Special
SLBC meeting held on 18/3/2010.
• Banks will provide banking facilities allotted to them as per the
Road Map approved in Special SLBC Meeting held on 18.3.2010.
• LDMs have to convene the monthly Sub-Committee meeting of DCC
regularly and submit the monthly progress report of Financial
Inclusion Plan as per the prescribed proforma sent to them on
monthly basis by 10th of every succeeding month to SLBC and SLBC
in turn submit to RBI by 15th of that month.
At the end Mr. C.P. Das, Chief Officer, SLBC extended vote of thanks to
the Chair as well as the participants.