- The 109th State Level Bankers' Committee meeting was held in Bhubaneswar, Orissa on March 14, 2007 under the chairmanship of V. Sridar. - Key attendees included the Finance Minister of Orissa, P.C. Ghadei, as well as other senior government officials and bankers. - In his opening remarks, Sridar emphasized the need for banks to increase lending to priority sectors like agriculture, MSMEs, and government schemes to support the economic development of Orissa.

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Proceedings of 109th SLBC meeting held on 14.03.2007 at Bhubaneswar
The 109th SLBC meeting of Orissa was held on 14/3/2007 at Bhubaneswar under the
Chairmanship of Shri V. Sridar, Chairman & Managing Director, UCO Bank and
Chairman, SLBC, Orissa. Among others, it was attended by Shri P.C. Ghadei, Hon'ble
Finance Minister, Orissa; Shri Ajit Kumar Tripathy, Chief Secretary, Govt. of Orissa; Dr.
R.N. Bohidar, Development Commissioner cum Addl. Chief Secretary, Govt. of Orissa;
Shri R.N. Senapati, Principal Secretary to Government, Finance Department, Govt. of
Orissa; Shri S.A. Kareem, Chief General Manager, NABARD, Regional Office,
Bhubaneswar; Shri M.N. Rao, Chief General Manager, State Bank of India, LHO,
Bhubaneswar; Shri S. Sethy, Dy. General Manager, Reserve Bank of India, RPCD,
Bhubaneswar. The list of participants is annexed.
At the outset, Shri G.N. Shukla, Dy. General Manager, UCO Bank cum Convenor, SLBC,
Orissa welcomed;
1. Shri P.C. Ghadei, Hon'ble Finance Minister, Orissa.
2. Shri V. Sridar, Chairman & Managing Director, UCO Bank and Chairman,
SLBC, Orissa.
3. Shri Ajit Kumar Tripathy, Chief Secretary, Govt. of Orissa.
4. Dr. R.N. Bohidar, Development Commissioner cum Addl. Chief Secretary,
Govt. of Orissa.
5. Shri R.N. Senapati, Principal Secretary to Government, Finance Department,
Govt. of Orissa.
6. Shri S. Sethi, Dy. General Manager, RBI, RPCD, Bhubaneswar.
7. Shri S.A. Kareem, Chief General Manager, NABARD, Regional Office,
Bhubaneswar.
8. Shri M.N. Rao, Chief General Manager, State Bank of India, Local Head
Office, Bhubaneswar.
Regional Heads of Banks, dignitaries from Government line departments and agencies to
109th SLBC meeting. In his welcome address he expressed that SLBC meeting was held
in such a time when Orissa is witnessing vibrant economic activities and Banks and other
Financial Institutions have to cope up with it. He pointed out that Banks in Orissa are
paying more attention in financing both agriculture and SME sector. He said that under

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Annual Credit Plan 2006-07, the achievement of Banks in all sector up to 31/12/2006 has
been to the extent of 103% which is quite satisfactory. Under Allied Activities, the
performances which is 58% of Annual Target as of December 2006 needs further
improvement.
He told that all the pending proposals under Pisciculture are to be disposed off in time
bound manner. March to May being the peak time for development of fisheries project,
he requested to expedite the sanction of pending proposals on war-footing as mission of
Government to double the inland fish production in the State in coming 4 years and treble
the export to Rs. 1000 crores by 2010. While telling about the good progress under
providing credit linkages to WSHGs he told that in WSHGs Orissa ranked as first in
Eastern India and 4th in India.
Lastly he prayed Lord Jagannath, the almighty to bless the efforts of Banks, Government
line Departments and all concerned to make Orissa economically developed in all
respects in terms of per capita income, GDP growth originating both from Agricultural and
Industrial production as well.
Then he requested Shri V. Sridar, Chairman & Managing Director, UCO Bank and
Chairman, SLBC, Orissa to deliver his keynote address.
The Chairman welcomed Shri P.C. Ghadei, Hon'ble Finance Minister, dignitaries and
participants to 109th SLBC meeting. In his keynote address Shri Sridar observed as
follows;
He expressed pleasure to be amongst the SLBC participants in connection with 109th
SLBC meeting of Orissa which will deal with various Banking issues relating to economic
development of Orissa. He told that he has been attending the SLBC meeting number of
times and always has admiration for the good attendance and active interest taken by
various Government Department, agencies and cooperation from fellow Bankers for
taking the State to a greater economic development.
The State is abundant in mineral resources, has good potential for irrigation projects, 480
KMs coastal line and Banks in Orissa are determined to contribute to take the economy of
Orissa to a greater height.

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The thrust area before the Bankers are Agriculture, SME, IT, Government sponsored
schemes such as PMRY and SGSY and all those sectors are to be given prime
importance and Banks have to play a proactive role to finance these sectors.
It is heartening to mention that huge investment of exceeding Rs. 4 lakh crore is coming
to Orissa in various sectors such as Steel, Aluminum, Information Technology, IT enabled
services, Tourism and various MOUs have been lined up by the Govt. of Orissa and the
State Government has taken several bold initiatives for facilitating faster industrialization
of the State and large number of industries are expected to come up in days to come. It
is a fact that the industrial policy 2007 approved by the Cabinet recently will help in
creating a strong, diversified and sustainable industrial base in the State. The future of
Orissa is very bright and Banks operating in the State have to cope up with the
demanding situations and there are ample business opportunities for the Banks for
financing SME in the State. Banks should take particular care to participate not only in
the industrialisation of Orissa but also ensure financial inclusion by actively participating
in Government programme directed at the poorer segments.
Although the Banks in Orissa has already achieved the Doubling of Agriculture credit, the
crop production has not been increased substantially and lot of things remain to be
accomplished by the Banks in Orissa. Banks have to finance Hi-tech agriculture,
commercial agriculture, Horticulture projects on a massive scale. Banks should give
importance to financing Fruit and Vegetable cultivation on a big scale. He wants to
reiterate the facts that, Hon'ble Chief Minister of Orissa has promulgated some measures
for the farmers in the State by providing seed Depots at various centres and Banks
should finance the farmers through these seed Depots.
It is understood that some applications sponsored by National Horticulture Board have
been kept pending with various Banks. It should be disposed off within 15 days and
Banks in Orissa have already given assurance to Dr. J.N. Chamber IAS, Managing
Director, NHB in the meeting held on 10/3/07 that all those applications are to be
disposed off during March 2007. He once again wanted the Bankers commitment in this
regard.
India's economy is on an increasing growth curve, but it is noticed that GDP originating
from agriculture is not reflecting substantial growth. Hence all out efforts are to be made

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for increasing agriculture production in the State and Banks should lend more and more
to the agriculture sector to boost crop production in the State.
The performance of Banks under PMRY during 2006-07 is not up to the mark. He
requested all the Banks operating in Orissa as well as Industries Department, Govt. of
Orissa to take all possible steps to ensure that 100% disbursement targets of PMRY are
achieved without fail by 31/3/2007.
The SGSY is the major poverty alleviation programme in the State and it is learnt that till
date Banks have not been able to achieve the physical as well as credit mobilisation
targets. Hence, he impressed upon all the Bankers/ Govt. line Departments present here
to improve the performance under SGSY for the year 2006-07 and achieve the physical
and credit mobilisation target as well.
On year to year basis the deposits of commercial Banks have grown by 25.60% and
advances by 25.20% and CD ratio of the State as of December 2006 stands at 81%
against the National Parameter of 60%. The priority sector advance to total advance of
commercial banks is 57% as against the National Parameter of 40%. For the same both
Banks and Government line Department deserves due appreciation. It is also a fact that
number of Industrial units are financed by Bank Branches outside the State and those
figures are not incorporated in computing CD ratio. Hence, funds raised by the outside
States are also invested in the State and CD ratio is actually more than what is being
recorded.
Though it is pertinent to mention that credit flow to SME sector extended by Banks in
Orissa as of December 2006 is 196.26% which is quite satisfactory. The financing SME
under cluster approach is the need of the hour for financing industrial production. It is to
be critically analysed why the cluster approach is not picking up in Orissa.
The financing to IT sector is to be given importance. IT Kiosks are to be given
momentum.
In the State, it is observed that WSHGs are doing well and women have proved to be
driving force in achieving success and reducing poverty. He said that the successful
micro credit model of Bangladesh as decided by the Government would strengthen the

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Women Self Help Groups in the State for empowerment of Women as our social
objective. But there is much more scope in financing Women Self Help Groups in the
State.
State Employment Mission is to be given importance. Banks in Orissa should play an
important role in financing the un-employed youth and achieve the targets. Time
available at our end is very short for the financial year 2006-07. Hence, Banks which
have accepted the targets should finance under the Mission on war-footing so that targets
set can be achieved.
Though the Indian economy recorded an impressive growth over last three years its
impact was not adequately spread out among the rural poor and financially excluded.
Hence Financial Inclusion is the need of the hour. The proportions of borrowing of rural
house holds from institutional sources has increased from 7% in 1951 to more than 60%
at present. Although in Orissa Ganjam district has been identified by SLBC, it should be
extended to all the 30 districts in a phased manner and Financial Inclusions of Ganjam
district should be completed by 31/3/2007 and he requested the district administration to
render all possible help for the purpose.
Lastly, he recalled the couplet of Robert Frost, immortalized in the writings of Mahatma
Gandhi, the Father of Nation;
The woods are lovely dark and deep,
But I have promises to keep,
And miles to go before I sleep,
And miles to go before I sleep.
Then Dy. General Manager, UCO Bank requested Hon'ble Finance Minister, Orissa to
deliver his keynote address.
Address by Shri Prafulla Chandra Ghadei, Hon'ble Finance Minister, Govt. of
Orissa.

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While expressing pleasure in participating in the deliberations relating to the performance
in various anti-poverty and employment generation programmes of the State Government
implemented by the Banks, he remarked as follows;
It is heartening to learn that the Banks operating in the State have been increasing their
participation in Employment Generation and Poverty Alleviation programmes. The credit
deposit ratio of the Commercial and Cooperative Banks have been increasing from year
to year and the same stands at 81.42% at present (As on 31.12.2006) in respect of all the
Banks.
There has been good progress in extension of credit to agriculture and allied activities,
which has been planned to be doubled by the end of 2006-07. Progress in various
sectors under the Annual Action Plan is reasonably satisfactory but this should not make
us complacent as the initial investment base of Agriculture and other areas of priority
sector were low. We must now lay more emphasis on increasing flow of institutional
credit to Agriculture and Allied Activities, Small and Medium Enterprises and Small Scale
Industries all of which have high potential for employment generation.
Hon'ble Finance Minister, Govt. of India has indicated doubling of Bank Advances to
Small and Medium Enterprises by 2010. This issue needs to be addressed by all of us
with topmost priority. But SMEs in India have been unable to achieve the competitive
edge that would allow them to drive the manufacturing sector and, consequently, overall
economic growth. This is mainly because of the problems that SMEs face in access to
timely and adequate finance and business development services.
It is observed that the percentage of SSI advances to Total advances is only 7.07% and
the percentage of SME advances to total advances is only 15.16% as on 31st December
2006. This is no achievement. You are all aware that Govt. of Orissa has entered into
MOUs with a good number of leading business houses for setting of projects in different
sectors. These projects will need support services from many ancillary and other units.
This necessitates increased thrust on extension of credit to more and more numbers of
Small Scale Industries and Small and Medium Enterprises. In this context, the role of
Banks for promoting Entrepreneurship Development also needs no emphasis.

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He stated that Banks have a major role to play in the development of micro-enterprise
and micro finance. Their first role is that of credit provider, but apart from that they have
to act as change agents. As change agents they have to help the people in acquiring the
basic knowledge of business. By providing training at least basic nuances of business
can be instilled in them.
Micro enterprise sector contributes considerably to economic growth. The small and
marginal farmers and landless peasants continue to depend, largely, on micro finance
and indigenous moneylenders. The Bankers have a major role to play in the
development of micro-enterprise and micro-finance by combating these bottlenecks.
The fruits of development can only reach the targeted population only when they become
a part of the Financial System of the Country for this the Reserve Bank of India came out
with the concept of Financial Inclusion which takes care of a savings and credit needs of
the population residing in the remote semi-urban and rural areas of the country.
He believed that as many as 2679 numbers of Bank branches operating in the State,
bringing hitherto the un-covered population into the banking system will not be a difficult
task.
Inspite of the decision in SLBC that Banks having more than 15 branches in the State
need to establish EDP Training Institutes, very little has been done by many Banks to
establish Training Institutes for self employment of Rural Artisans and Diploma
Holders/ITI passed unemployed youth who are otherwise not interested to take up
employment. Regional Heads of the Banks present here are requested to respond to this
issue.
He requested all Banks to increase the number of Branches in the State.
He desired that Banks should rise to the occasion and should make 100% disbursement
of PMRY of all sanctioned cases of 2006-07. he also laid emphasis on disbursement of
SGSY being major poverty alleviation programme in Orissa.

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Finally, he exhorted all the Regional Heads of the Banks and Officers of the State
Government to rise to the occasion and actively participate in developing economy of the
State with liberal production and investment credit and other inputs.
Address by Shri Ajit Kumar Tripathy, Chief Secretary, Orissa
While welcoming Mr. P.C. Ghadei, Hon'ble Finance Minister with the clapping by all
present in the House that Finance Minister attending all the SLBC meeting in Orissa
which is a rare phenomenon happened in Orissa only which shows sincerity and
dedication on the part of him, Shri Tripathy observed as follows;
The Finance Minister, Govt. of Orissa is not only attending SLBC meeting but also is a
guiding force for improving the performances of the Banks.
He expressed that performance under Pisciculture needs improvement and all pending
proposals under Pisciculture should be disposed off by the Banks at the earliest.
The issuance of ACC (Artisan Credit Card) needs substantial improvement because
against the target 9200, so far 2081 cards have been issued by the Banks. The
Handicraft sectors in Orissa have shown tremendous improvement and it will exceed Rs.
7 crores this year and showing good performance in exports as well as marketing. He
appreciated different Melas/Exhibitions like ORMAS, MELA, SISIR SARAS and others
being taking place in the State to promote Handicraft sector. Infact exhibitions are so well
organised and sales are so well that Artisans are running short of products to provide to
the sale counter. It is unfortunate that the Bankers are not acknowledging these
improvements because it is otherwise the achievement will exceed the target.
He expressed that although State Government is providing all sorts of assistance for skill
development, upgradation, and marketing assistance, but those artisans require good
credit arrangement from Banks/Financial Institutions to take care of their credit needs.
He laid emphasis on issuances of KCC to the eligible farmers and banks in Orissa should
achieve the target under KCC, just like banks doing well in Doubling of Agriculture credit
and ACP. Against the target 502487, the Bankers have issued 2,76,000 which is
54.94%. He desired for achieving the target of KCC.

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The WSHGs, where Orissa have a mark in the Country, let us make a policy in the area
of banking at least one WSHG in each village must have credit linkage.
The performance of SGSY in Orissa by Banks is lagging behind. Banks should lend
SGSY scheme on priority basis which the Hon'ble Minister has already laid emphasis in
the matter.
Banks should improve their disbursement position under PMRY. This time the Govt. of
Orissa had arranged for skill upgradation of PMRY beneficiaries to benefit. Banks should
take particular attention to DRI and they must achieve the targets.
In Orissa about 72% of people are dependant on agriculture. Banks should lend more to
agriculture sector. The percentage of agriculture advances to total advance is 19.6% in
Orissa as against the National average of 15% which is good. He desired that Banks in
Orissa should have at least crossed 5% to 6% more in agriculture sector because of
dependence of larger sections of people on agriculture.
He congratulated the Andhra Bank, SBI for having set up of EDP centre and also UCO
Bank which is going to establish EDP at Puri within March 2007. Other Banks should
have at least one training institute within 2007. He assured that Government will sponsor
adequate number of candidates with stipend from self employment programme in case
bank faced fund constraints. He desired that each Bank operating in Orissa should have
one EDP centre by the end of March 2007.
He appreciated the Agenda Book of 109th SLBC meeting and desired that success stories
of PMRY and SGSY and other bankable schemes along with photographs should be
published in the Agenda Notes of next SLBC meeting and Orissa SLBC Agenda Book
should have success stories with photographs in every quarter. The success stories are
to be sent by Bankers as well as sponsoring agencies to the SLBC.
Not only WSHGs, other SHGs have to be formed like NRGA & CAMPA where funds are
available for plantation, Banks have to provide systematic finance to stabilise rural
economy. There should be a credit linkage of BANA SURAKSHYA SAMITI for plantation.

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Pani Panchayat movement is very successful in the State. To increase the irrigation
potentials in the State they deserve much more credit support by the Banks.
Banks should finance more and more to share croppers/oral lessee in the form of JLG
(Joint Liability Group) and Tenant Farmer Group to increase the crop production and
productivity.
Banks may finance to Asha Girls/Angan Bari Workers working in the rural area for
rendering assistance to District Infant Mortality and Maternal Mortality and basic health
services to ANMs and Angan Bari centres.
Bio Diesel Policy of the State will be finalised very soon. KARANJA & JATROPHA
Plantation will be taken up in a massive scale with subsidies.
Industrial clusters are coming up in different parts of the State and Banks and
Government line department should plan out to provide eggs, broiler chickens, fish
vegetables so that those areas should not depend upon Andhra Pradesh and Jharkhand
which will boost self employment in the areas and there would be enough business
opportunities for the Banks.
Address by Dr. R.N. Bohidar, Development Commissioner cum Addl. Chief
Secretary, Orissa
While appreciating the various achievements/improvements by all concerned he
expressed that suggestions given by Finance Minister, Chief Secretary should be
adhered to and giving lot emphasis for growth in Agriculture, he remarked as follows;
Financing Pisciculture activities should be given priorities to boost fish production in the
State estimated to be double in the next four years. Short Term finance under
Pisciculture is the need of the hour. Although it has been decided to extend short term
loan under Pisciculture it is not picking up and improvement is not noticed.
He laid emphasis on financing to share croppers to boost crop production and productivity
and performances of all banks should be reviewed on quarterly basis as the area is very
very needy and delicate area for the State as a whole.

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He said that investment climate of the State has been better than earlier position and the
State has been registering 9% growth in GDP and under manufacturing sector the growth
is around 11%. The resources have been improved and the State is having a bigger plan
for future and the State is in a position to accept many schemes, proposals extensively.
He pointed out that there is deficiencies of infrastructure in the State which stands as a
barrier in the development of the State. Government is taking up to meet the deficiencies
in a very faster skill. There is substantial improvement in infrastructure like Road,
Connectivity, Electricity, Water supply, etc. and the State will be in a very good shape in
coming 3 to 4 years and fast development will be noticed.
In agriculture sector, State registered 3 to 4% growth which is more as compared to
growth at National level. The State will be in a better position in coming five year plan.
He said that Hon'ble Chief Minister has already announced a package of seed Depot
comprising of Hybrid seeds which are available at block level will be extended to GP
level. The soil testing facility now available at 11 places in the State will be available at
every block level.
Giving emphasis for training of the farmers in the State he told that Government has a
plan of intensive as well as extensive farmers training at least one thousand farmers per
block and 35% of cultivable area of each block will be brought under irrigation and will
add 10 lacs of hectares of irrigated land in the State.
He expressed that private irrigation sources through Bank finances will yield good results
which will increase productivity in the State. Government has estimated to achieve
50,000 private irrigation sources through finance with a subsidy linkage of 30%.
He said that in our State paddy, groundnut and cotton crops are doing well and
Government has a plan for setting up 16 sugar plants, hence sugarcane cultivators have
to be given priorities in the State.
He laid emphasis on financing Horticulture and told that 10% of horticulture area of the
country is in Orissa State having large scope for horticulture plantation. The horticulture

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mission is working in 19 districts, and to take care of horticulture produces. There are
three large terminal market place at Cuttack, Berhampur and Sambalpur.
He said that the Orissa Agricultural Produce Marketing Act has been amended and
contract farming in the State has to be given importance that needs lot of credit support
from the banks. There is enough of scope for bankers for financing under agriculture
which will boost production and productivity of agriculture produce in the State and in the
contract bankers as well as Government officials have different role to play, bankers
should make bank finance attractive and on the other hand role of Government officials to
pursued the farmers to go for bank finance rather than manage with the subsidies.
Address by Shri R.N. Senapati, Principal Secretary to Government, Finance
Department, Govt. of Orissa.
Prioritizing for achievement of various targets given during the financial year 2006-07 he
observed as follows;
This SLBC meeting is very very crucial because whatever targets under various
sectors/schemes have been allocated to Banks, it should be achieved by the end of this
financial year.
He emphasised that there should be close follow up actions on decisions taken in each
SLBC meeting.
There has been progress in CD ratio and in financing various sectors but there are some
weak areas such as DRI finance and also finance to SME sector.
He told that although the percentage of Agriculture advance to total advance is 19.6%,
still then agriculture finance is to be strengthened because about 80% of people depends
upon agriculture for their livelihood.
He appreciated the CD ratio of Cooperative Bank and told that the Banks which have CD
ratio below National average should increase their CD ratio. The Canara Bank and
Syndicate Bank should strengthen their CD ratio so that State will benefit out of that.

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He expressed that obstacles/bottlenecks faced by Banks/Govt. line department should be
pointed out in this forum which provide good opportunities to interact and problems can
be sorted out mutually.
Lastly he extended thankfulness to UCO Bank for convening the SLBC meeting in the
month of March 2007.
Agenda Item No. 1
The proceedings of the 108th SLBC meeting held on 10/1/2007 at Bhubaneswar was
taken as confirmed.
Agenda Item No. 2
Action Taken Report
1. As regards financing to SME sector, the cluster approach on SME has not
been picked up well and has to be done in coming days. The Banks which
have not adopted the cluster must adopt the cluster and intimate the same to
Director of Industries, Orissa, Cuttack and SLBC immediately. The
performance of SSI & SME sector to the net of bank credit as of 31/12/06 was
7.07% & 15.16% respectively, required to be improved. It is noticed that
number of Banks have not yet adopted the cluster should look forward and
move in the direction. Number of Banks show their interest for adoption of rice
cluster at Khurda and Puri which is not feasible and practicable. Rather
Bank's should adopt Handicraft sector to increase the Handicraft production in
the State. It is resolved that Development Commissioner will hold meeting of
Regional Heads of Banks in presence of Commissioner Cum Secretary
Industries and Commissioner cum Secretary Textile to Chalk out plan of action
for adoption for clusters.
Action : Banks, Development Commissioner, Govt. of Orissa, Industries
Department, Govt. of Orissa.

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2. The Banks should finance more and more under Credit Guarantee Fund Trust
scheme for Small Industries (CGTSI) which help the entrepreneurs to avail
collateral free loan up to Rs. 25 lakhs which includes REGP (Rural
Employment Generation Programme) under KVIC & KVIB. Banks should
make considerable efforts to cover high loan size under CGTSI scheme. It is
observed that the average loan size coverage under the scheme is only Rs.
1.59 lakhs which is less than all India average of Rs. 2.50 lakhs. The loan
application forms should have a column/space for coverage under CGTSI or
not which will serve the purpose for coverage under CGTSI. It is resolved that
RMs should advise their Branches emphatically to cover eligible units under
CGTSI.
Action : Banks, KVIB, KVIC, SIDBI.
3. As regards implementation of CLCSS (Credit Linked Capital Subsidy Scheme)
Banks should cover more number of units in the scheme as the scheme is
coming to an end by 31/3/2007. There are nine (9) nodal agencies under
CLCSS but except SIDBI no other nodal agencies have reported the figures to
CLCSS. As reported by SIDBI they have provided subsidies to 19 units under
the scheme and there should be more coverage under CLCSS.
Action : Banks, SIDBI.
4. It is decided that pilot project of Financial Inclusions of Ganjam District should
be completed by 31/3/07. Under the financial inclusions, the house holds are
targeted, hence it is requested that support of District Collector, Sub Collector
and BDOs are required to completion of the financial inclusions of Ganjam
District. While implementing NRGA, lot of money being pumped into those
areas, instead of money being deposited disbursed to them in cash it should
be deposited in bank branches which are located within 5 KMs will help
Financial Inclusions of the district. The Financial Inclusions would be
extended to all the districts in a phased manner.
Action : Banks, Govt. Line Departments.

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5. The Banks having more than 15 branches in the State should set up Training
Institute at their own cost in the State. SBI & Andhra Bank both have opened
Institute and UCO Bank will open its Institute at Puri by the end of March 2007.
All other Banks having more than 15 branches should open EDP Institute very
soon. Hon'ble Finance Minister, Chief Secretary, Orissa and Principal
Secretary to Government, Finance Department, Govt. of Orissa all have
exhorted the Banks to open the Institute without further delay. Govt. has to
provide premises, land wherever necessary for setting up such Institutes. The
Banks may finance private entrepreneurs to set up ITIs in different blocks
depending upon the background, potentials and Entrepreneurial skill on case
to case basis and EDI can be taken up in existing ITIs.
Action : Banks, Industries Department, Govt. of Orissa, Govt. Line Departments.
6. It was decided to set up 5 Special Certificate Courts for recovery of loans
under Government sponsored schemes at Cuttack, Bhubaneswar, Berhampur,
Sambalpur and Rourkela with revenue district as their jurisdiction. The cost of
establishment of Special Certificate Court of Rs. 7.00 lakhs (Projected Cost)
as decided earlier per annum have to be shared by all the Banks except
Cooperative Banks on the basis of number of cases filed by the Bank. The cut
off date for reckoning the number of cases for sharing of cost should be 31 st
March of the preceding financial year. It was decided that Lead District
Manager is to arrange to deposit Rs. 7.00 lakhs by 31/3/07 with the Govt. of
Orissa for functioning of certificate Court with effect from 01.04.2007.
Action : SLBC, Banks, LDMs, Revenue Department, Govt. of Orissa.
7. As regards waiver of Stamp Duty for filing of certificate cases under OPDR
applicable to Government sponsored schemes, Revenue Department, Govt. of
Orissa did not agree to waive stamp duty however he opined that Banks have
to deposit 50% of stamp duty at the time of filling of certificate case and rest
50% will be deposited at the time of final order and Revenue Department may
issue notification in this regard.
Action Banks, Revenue Department, Govt. of Orissa.

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8. Regarding implementation of UP pattern of Recovery Act, it was decided that
necessary drafting can be made in consultation with the representative of SBI
to arrive at the amendments to be made in the Act prevailing in Orissa.
Action : SLBC & SBI & Revenue Dept., Govt. of Orissa.
9. The list of farmers to hold KCC are to be supplied by Agriculture Department
to Banks at Block level in order to enable the Bankers to issue KCC to all
eligible farmers. At present Banks are issuing KCC to the farmers at their
own.
Action : Agriculture Department, Govt. of Orissa & Banks.
10. To increase the credit flow to Handloom and Handicraft sector, the Sub
Committee meeting was held on 19/2/07 at Bhubaneswar, the minutes of the
meeting was placed before the SLBC and was ratified. The Banks were
requested to take note and implement the decisions meticulously. It was felt
that credit flow to Handloom & Handicraft sector by the Banks in Orissa is not
at all satisfactory. It was decided that instead of linearly distributing targets
among many banks let the Bankers decide to adopt the Handloom and
Handicraft clusters according to the list of clusters identified by the
Government and circulated to the Banks. It was suggested that let the ACP in
the next year should have a separate segment for financing to Handloom and
Textile sector.
Action : Banks & Govt. line Departments.
11. The Small Committee of SLBC for finalising fixed day approach for financing
Women SHG and other relevant issues was held on 27/1/07, the minutes of
meeting was placed before the SLBC and ratified. Banks, Government line
Department and all concerned were requested to implement the decisions
wholeheartedly for empowerment of women as the national objective.
Action : Banks & Govt. line Departments.

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12. The small committee meeting was held on 2/3/07 at Bhubaneswar to put forth
schemes before the Bankers for finance by the Animal Husbandry &
Veterinary Services Department, Govt. of Orissa, the minutes of the meeting
was placed before the SLBC and was ratified. The decisions of NABARD
regarding the bankability of the scheme is awaited.
Action : Banks, NABARD & Animal Husbandry and Veterinary Services
Department, Govt. of Orissa.
13. For financing IT Kiosk, since the matter has been kept pending since long and
the revised schemes has not been circulated to Banks so far, hence item can
be dropped.
Action : Banks.
14. Regarding venture capital funds for existing and proposed IT companies in the
State was an issue in 107th, 108th and 109th SLBC meeting for discussion,
since concerned department of Govt. of Orissa was remained absent, the
matter was dropped from the agenda items of SLBC for discussion.
Action : SLBC, Govt. Line Department.
15. Under State Employment Mission the targets were allocated between the
major Banks operating in Orissa. It was reported that except SBI, UCO and
Andhra Bank, non of the Banks which were allocated with targets had not
informed the SLBC about their achievements. Hence, the House expressed
displeasure on non reporting about their achievement. Hence, Banks were
requested to achieve the target under State Employment Mission by 31st
March 2007.
Action : State Employment Mission & Banks.
Agenda Item No. 3

18. 30
Fresh Issues
1. Issue raised by Panchayati Raj Department, Govt. of Orissa
It is observed that against the National credit target for the year 2006-07, the
achievement under SGSY has been as low as only 38% of the target so far. Hence, the
Banks have to sanction and disburse the pending loan applications under SGSY by
31/3/07.
Action : Banks
Data pertaining to the pendency of loan applications as well as Zero and less than 25%
lending by the Bank branches may be reconciled by State Government with Banks in
consultation with the SLBC, Convenor.
Action : PR Department, Banks, SLBC.
Convenor, SLBC, Orissa may issue necessary instructions to the Lead District Manager
to furnish Bank-wise data regarding pendency of loan and disbursal of 0% and less than
25% lending of credit target.
Action : SLBC, LDMs.
Banks have to achieve both physical target and credit mobilised target under SGSY for
the year 2006-07. Banks have to increase the credit subsidy ratio from 2.03:1 to 3:1.
Action : Banks.
It is reported by Collector, Balasore that due to absence of District Coordinators of Bank
of India, Syndicate Bank, United Bank of India, Allahabad Bank, Bank of Baroda & PNB
of Balasore District in the district SGSY committee meeting held on 6/1/07, the physical
and financial achievement of different branches of the respective Banks could not be
reviewed. Hence, it was decided that controlling heads of the respective Banks have to
designate the District Coordinator for the Balasore District.

19. 30
Action : Controlling Heads of Banks of Bank of India, Syndicate Bank, United Bank
of India, Allahabad Bank, Bank of Baroda & PNB.
It is reported by PD, DRDA, Baragarh that almost all bank branches are taking usually
three to four months for disbursement of loan amount to the beneficiaries from the date of
sanction. This is not as per Master circular on SGSY, issued by the RBI, which state that
loan applications should be disposed of within 15 days and at any rate not later than one
month. Besides, financing Banks have neglected Grading Test of SHGs and monitoring
and physical verification of assets after loan is disbursed.
Banks are requested to implement the SGSY guidelines for implement.
Action : Controlling Heads of Banks.
It is reported by PD, DRDA, Puri that most of the bank branches in Puri district are
releasing only Rs. 1.25 lakh, i.e. subsidy component of the loan to the SHGs keeping the
rest amount in fixed deposit account. Since the entire loan amount is not disbursed to the
SHGs, the Swarozgaris may not be able to ground the assets and thereby they may be
deprived of increasing their per Capita Income. This practice adopted by banks violates
the provisions contained in paras 4.7 & 4.8 of the SGSY guidelines and para 6 of the
Master circular on SGSY issued by the RBI. Besides, the amount kept in fixed deposit
account is repaid to the bank branches concerned later on. Recovery of loan during
gestation period without availing moratorium is a clear violation of the provision of paras
4.20 and 4.21 of SGSY guidelines and para 13 of the Master circular on SGSY issued by
RBI.
The following bank branches in Puri district have not cooperated with SGSY financing for
the year 2005-06.
IOB, Goruala; SBI, Tulasipur; PNB, Biraharekrushnapur; BOB, Nirakarpur; PGB,
Benapanjari, Ghorodia, Satapara & Baliguali.
SGSY financing for the year 2006-07 suffers a lot in SBI, Main Branch, Puri due to
vacancy of bank staff.

20. 30
The controlling heads of above Banks are requested to take a note of it and for
compliance of the deficiencies mentioned above for implementation of SGSY in the State.
Action : Controlling Heads of Banks.
2. Issue raised by NABARD
(a) Self Employment scheme for Ex-servicemen.
The Banks in Orissa have to finance Self Employment scheme for Ex-Servicemen and
schemes for soft loan assistance for margin money (SLA-MM) under SEMFEX-II. The
salient features of the schemes have been incorporated in 109th SLBC meeting. In
Orissa, the progress under the schemes are very very poor. Hence, the Banks are
requested to finance under the schemes to generate employment and income.
Action : Banks, NABARD, Zila Sainik Board.
3. Issue raised by Small Industries Service Institute.
Each Bank may get associated with at least one EDP of SISI, Cuttack. The role of the
concerned bank will be limited to providing infrastructure, faculty support (for which
honorarium will be paid by SISI), identification of the project and spotting the entrepreneur
for finance. The bank will not have any financial liabilities to conduct the programme.
The SISI will coordinate the entire programme including advertisement in local
newspapers, giving publicity to the joint effort for employment generation, inviting
application and selection of candidate in consultation with the concerned Bank and fund
for the entire programme will be made out of the budget of SISI, Cuttack. SISI will also
make follow up action of the EDP/SDP to help the trainees really set up the enterprise
which will help in repayment in loan. Each bank may inform the place where they would
prefer to conduct the programme so that our representative will chalk out the programme
accordingly.
The committee may devise the methodology for implementing the above proposal for the
benefit of the trainees in particular and rapid industrialization of the State in general.

21. 30
Action : SISI & Banks.
4. Issue raised by the Orissa Sch. Caste & Sch. Tribe Dev. Finance Cooperative
Corporation Ltd.
On verification of the statement it is revealed that all total 1049 groups have been
sponsored, 592 groups sanctioned and loan in case of only 194 groups have been
disbursed by Banks. The Banks may take steps for disbursement of all the 1024 groups
sponsored by OSFDC immediately.
Banks were requested to clear all the pending loan applications under SC, ST and
Scavenger sector sponsored by OSFDC and ensure disbursement before 31/3/07 to
increase the credit flow to SC/ST sector.
Action : OSFDC & Banks.
5. Suggestions of NABARD/Indian Banks' Association
The contents mentioned in 109th SLBC agenda regarding Deepening Financial Inclusion,
Promoting Rural Innovation Funds (RIF), Revival of Handloom Sector, Policy Changes in
the Farmer's Club and Schemes and Activities of National Fisheries Development Board
(NFDB) were given for information of all members.
Action : NABARD, Banks & Participants of SLBC.
6. Issue raised by Khadi & Village Industries Board, Govt. of Orissa.
The Orissa Khadi & Village Industries Board/State Director, Khadi & V.I. Commission,
State Office, Bhubaneswar were implementing Gramodyog Rojagar Yojana (REGP)
under full margin money assistance from Khadi & Village Industries Commission, Mumbai
with a view to generate employment in Rural area of the State by establishing new Village
Industries. The fund towards margin money is provided to Khadi & V.I. Commission by
Ministry of ARI & SSI, Govt. of India. The scheme of GRY (REGP) is purely bankable
scheme. For facilitating recovery of loan amount, bankers are insisting upon to include

22. 30
the scheme of GRY (REGP) in Government sponsored scheme like PMRY, SGSY, etc.
so that recovery can be affected through OPDR Act.
In view of this it is suggested that,
a. Scheme of Gramodyog Rojagar Yojana (Rural Employment Generation
Programme) implemented by Khadi & VI Commission/ Orissa Khadi & Village
Industries Board should be included under Government sponsored scheme
like PMRY, SGSY, etc. for the purpose of coming under the purview of Orissa
Public Demand Recovery Act.
b. If the above proposal is agreed to General Manager, District Industries Centre
may be notified by the State Government to act as Recovery Officer as in case
of PMRY, SGSY and other Government sponsored loan schemes to help the
Bankers in recovering loan provided under GRY (REGP).
Government was requested to cover REGP of KVIB & KVIC Gramodyog Rojagar Yojana
(Rural Employment Generation Programme) under the purview of Orissa Public Demand
Recovery Act.
Action : KVIB & KVIC, SLBC, Revenue Department, Govt. of Orissa.
7. Issue raised by Forest & Environment Department, Govt. of Orissa
a) DRI Loan and Bridge Loans facilities to OFDC Ltd., from Financial Institutions
for SC & ST Oriented Kendu Leave Operation.
In each crop year of Kenduleave operation (which is mainly SC & ST people oriented) an
amount of Rs. 40.00 crores to Rs. 60.00 crores is required at initial stage. The OFDC
Ltd., a Government Undertaking Body and sole selling agent of Government for
Kenduleave trade is financing the operation. So, the Corporation availed DRI Loans from
the Public Sector Banks on Government Guarantee with the approved rate of interest as
per the RBI guidelines. The Corporation has also availed bridge loans whenever
essential for the K.L. operation. As the operation is solely SC & ST people oriented, the

23. 30
aforesaid bank loan availed by OFDC Ltd., is exclusively utilised for payment of wages of
the K.L. Workers and other expenditure relating to it.
Hence, the sanction of said loans from different Public Sector Banks in favour of OFDC
Ltd., may be considered in SLBC meeting for smooth K.L. Operation in the State as well
as benefit of the SC & ST people.
Financing to DRI loan and Bridge loans facilities to OFDC Ltd., from financial institutions
for SC & ST Oriented Kendu leave operation was an individual issue.
Individual banks may finance the above.
Action : OFDC Ltd., & Banks.
8. Issue raised by Directorate of Employment, Orissa, Bhubaneswar
The State Employment Mission launched by Hon'ble Chief Minister of Orissa has to be
implemented by Banks in Orissa in zest and zeal. Hence, all concerned were requested
to take note of following points for achieving the goal under the mission.
a. Approve revised Credit Plans of district in view of Atma Nizukti Paramarsha
Mela.
b. Sector specific demand on a district or sector as a whole may be considered.
c. Get involved in training of candidates.
d. List out the Branches/Banks which are not providing financial support to the
units for Self Employment and take up with controlling authority.
e. Share LBR 1 and 2 with districts.
LDMs were requested to look into the matter to fulfill the objective of the mission which
will generate employment opportunities to large number of unemployed youth in Orissa.
Action : Banks, LDMs, State Employment Mission.
9. Issue raised by Lead District Manager, Keonjhar (Bank of India)

24. 30
a) Recovery Target under PMRY
PMRY is the most important employment generation programme being implemented
jointly by the Govt. & Bankers. The DIC generates the application under PMRY through
their Industry Promotion Officers (IPOs). They also provide backward/forward linkage
support to entrepreneurs like technical know-how, training, marketing, etc. Hence they
are supposed to be closely associated with PMRY borrowers for successful
implementation of the scheme. The recovery under PMRY is very poor i.e. around 15 to
19%. Involvement of all concerned is the corner stone for the success of the scheme.
Poor recovery scenario speaks of lack of involvement of DIC staff in the process of
recovery. A large amount of loan disbursed each year is becoming NPA. Keonjhar
District alone has nearly Rs. 20 crores of PMRY loan under NPA category. Although the
scheme envisages use of Government Machinery for improving Recovery percentage, it
has practically yielded no result.
It was decided that a Recovery Target may be fixed by DLRC for each IPO Asst.
Manager/Manager of DIC in consultation with the Lead Bank in the same way as the
“target for disbursement” is fixed for bankers and it may be monitored from time to time.
Suitable instructions from SLBC may be communicated to all Lead Banks in this regard.
It will boost the income of the Bankers and definitely target can be achieved.
Action : LDMs/DIC.
b) Non Delegation of power to Branch Managers of Baitarani Gramya Bank to
sanction loan under SGSY Scheme.
Regarding delegation of power to Branch Managers to sanction loans under SGSY
scheme, the Govt. of India vide its letter No. 1.12011/20/05 SGSY(C) dated 07.11.2005
have advised that loans to SGSY beneficiaries are to be sanctioned at the branch level
without any reference to higher authorities. Again RBI vide its letter No. RPCD:SP: No.
2586/09.0101/2006-07 dated 7th September 2006 have confirmed that they have advised
NABARD to issue necessary instructions to RRB/Co-operative banks to delegate power
to Branch Managers to sanction loan under SGSY.

25. 30
But it has been observed that some Branch Managers of Baitarani Gramya Bank in
Keonjhar District do not have sanctioning power to sanction SGSY loan to Self Help
Groups. This causes considerable delay in sanction and the poor beneficiaries have to
run several times to banks.
Hence BGB may be requested to delegate power to all Branch Managers to sanction
group loans under SGSY loans to SHGs.
Action : The Chairman, Baitarani Gramya Bank.
10. Issue raised by LDM, Bhawanipatna (State Bank of India)
The discretionary power of sanctioning of loans under poverty alleviation scheme more
specifically under SGSY scheme should be vested with the Branch Managers of Indian
Overseas Bank for its smooth implementation. Other Commercial Banks having Scale-II
incumbency have been vested with this power. The matter has been discussed in
different district level meeting.
The Dy. General Manager, Indian Overseas Bank is requested to look into the matter.
Action : DGM, IOB.
11. Issue raised by LDM, Jagatsinghpur (UCO Bank)
Regarding settlement of Insurance claims and charging of Insurance premium, it was
decided that the issue may be dropped for time being as it is an individual issue and no
representative from Insurance company present in the meeting. In next SLBC meeting,
the representative from Insurance company may be invited to attend the meeting.
Action : SLBC, Banks & Insurance Co.
12. Issue raised by Khadi & Village Industries Commission, State Office, Orissa
a. The Bankers were requested to achieve the target fixed under REGP for the
year 2006-07 which was lagging behind.

26. 30
b. The Bankers have to take quick decision for sanction of the proposal of REGP
under KVIC or to reject the same with reason thereto so that further steps can
be taken on the matter.
c. The REGP under KVIC provides for consideration of project proposal by banks
under individual merit. It is noticed that still some of the Banks insist for
sponsoring the proposal by KVIC which unnecessarily puts the loanees at
inconvenience and also delays the matter. It was decided that proposals
directly received in the Bank may be considered by the Bank on the merit.
d. For the units financed up to 2004-05, adjustment letter will be issued on the
margin money on receipt of certificate from the financing bank with counter
signature of the Regional Head.
e. As per the guidelines formed in consultation with RBI the financing branches
have to forward the claims to respective Nodal Branch within 15 days of the
release of first instalment of loan sanctioned and similarly the Nodal Branch
have to forward the claims to KVIC within next 15 days for further action. The
above guidelines may please be adhered to for timely disposal of the cases
and also reporting the progress.
Action : Banks & KVIC.
13. Issue raised by the Orissa State Cooperative Bank Ltd.
Reg: Allocation of target for dispensation of agricultural credit by the Cooperative
Banks in the ACP for the year 2007-08.
The matter of allocation of targets for Cooperative Banks in the Annual Action Plan for the
year 2007-08 was discussed in the Steering Committee meeting held on 7/3/07 and
aforesaid issue could not be settled and it was carried forward to the SLBC meeting. In
the SLBC meeting it was decided that matter can be resolved by taking up the matter with
State Government and NABARD.
Action : OSCB, State Government, NABARD.
Agenda Item No. 4

27. 30
Banking Key Indicator as on 31/12/2006
The CD Ratio of Public Sector Banks such as Bank of Maharasthra, Canara Bank,
Corporation Bank, Punjab & Sind Bank, IDBI Bank, State Bank of Hyderabad, State Bank
of Travancore, State Bank of Mysore, Vijaya Bank and Private Sector Banks such as
Rajasthan Bank Ltd., South Indian Bank Ltd., has been less than 60% as of 31/12/2006
which is a matter of concern for the State. They should improve their CD Ratio. Under
DRI, Banks were advised to improve their performance.
The CD Ratios of the Districts have been improved. LDMs of Deogarh and Jagatsinghpur
should take all possible steps to improve their CD ratio.
The percentage of PS credit advance to total advance and Weaker section advance to
PS advance as on 31/12/2006 is quite commendable.
Action : Banks mentioned above/LDM, Deogarh, Jagatsinghpur.
Agenda Item No. 5
Recovery
The overall recovery position as on 31.12.2006 is very poor. The percentage of recovery
of IRDP/SGSY and PMRY as on 31.12.06 were 34.14% and 18.08% respectively
requires improvement. Government machinery was requested to render adequate help
and assistance in organising recovery camp to improve the performance of recovery for
better recycling of funds.
It is a fact that if the performance of recovery will not improve, this will stand as a barrier
for credit growth of the State.
Action : Banks/Govt. line Department.
Agenda Item No. 6
Review of Annual Credit Plan as on 31/12/2006

28. 30
The performance of Banks as a whole under Allied Sector (under Agriculture) needs
improvement. The performance of Districts like Jagatsinghpur, Jeypore, Koraput,
Nayagarh, Puri require improvement. In close coordination with Government line
Departments and Bank, the LDMs of the concerned district should take all possible
measures to improve the performance of their District under ACP 2006-07.
LDMs should take a note that in their districts credit flow to Agriculture and allied sector,
SSI & SME, SHGs and REGP under KVIB and KVIC be enhanced to considerable extent.
Action : Banks & LDMs.
Agenda Item No. 7
Under Doubling of Agriculture credit as on 31/12/2006, the achievement being 84.14% for
all Banks was not satisfactory. It is high time private sector Banks should lend to
Agriculture sector to boost the economy of the State.
Action : Banks & Private Sector Banks.
Agenda Item No. 8 & 9
Review of performance under PMRY & SGSY
It was noticed that sanction under PMRY 2006-07 as of 31/12/2006 is 105% only. In fact
the Bankers were instructed to sanction 120% of the target so as to ensure 100%
disbursement against target.
We have been communicated by the Director of Industries, Cuttack that cut off date of
sanction has been extended till achievement of 120% sanction against target for all the
Bank branches or 31st March 2007, whichever earlier. Banks should speed up their
lending under financing PMRY and ensure 100% disbursement.

29. 30
The subsidy credit ratio and per-capita investment under SGSY should be improved.
Banks were requested to take all possible measures to achieve the physical as well as
credit mobilisation targets.
Action : Banks/Govt. Line Departments.
Agenda Item No. 10 & 11
Progress under Self Help Groups (Mission Shakti) - Performance of Banks under SC/ST/
Scavengers/ITDA, Financing under KVIB & KVIC.
From 1/4/06 to 31/12/2006, credit linkages have been provided to 84282 Women. Banks
were requested to achieve the target for SHGs during 2006-07. Banks should take
proactive steps to increase the per SHG credit to Rs. 40,000/- as has been decided in the
previous SLBC meeting. Fixed day service approach for WSHGs finalised by the SLBC
applicable to Banks and Government offices on TUESDAY of the week declared on
International Women's Day i.e. 8th March 2007 by Hon'ble Chief Minister has to be strictly
adhered by all concerned.
The private sector Banks may be entrusted with financing urban SHGs. banks should
lend more and more to SC/ST borrowers so that there should be adequate credit flow to
SC/ST sector. All the pending applications under KVIB & KVIC are to be disposed off at
the earliest. Under KVIC the banks should achieve the quarterly target which has been
circulated to all.
Action : Banks, Govt. line Department, KVIB & KVIC.
Agenda Item No. 12
Performance under KCC/ACC/SCC
The Commercial Banks have to issue KCC to all eligible farmers. The performance of
Banks under ACC is not at all satisfactory. Against the annual target of 9200 credit cards
the banks have issued only 2381 ACC from 1/4/06 to 31/12/06.

30. 30
The performance of Banks under SCC is also not satisfactory. As against the annual
target of 59100, Banks have issued only 16,424 SCCs. Banks were requested to take all
possible measures to achieve the targets under ACC & SCC.
Action : Banks & Govt. line Department.
Agenda Item No. 13
All the pending eligible proposals under Pisciculture should be sanctioned and disbursed
as early as possible. Banks should sanction short term credit just like crop loan in
agriculture to fish farmers to augment fish production in the State.
It is very much pertinent to note that January-March is considered as the peak period for
development of fisheries projects. Banks were requested to expedite sanction of pending
proposals of 3293 nos. covering 1227.89ha amounting Rs. 3870.02 lakhs.
Action : Banks & Govt. line Department.
Agenda Item No. 14
National Housing Loan, Home Loan, Rural Housing Finance, Finance to Ex-Servicemen,
Finance to Minority Community.
Under the above schemes, Banks have to improve their performances and correct
reporting should be made by the Banks.
Action : Banks.
Agenda Item No. 15
From 1/4/06 to 31/12/06, the Banks in Orissa have disbursed Rs. 89.13 crores for
Education Loan. Banks should give priority to Education loan and finance more and more
to this sector.
Action : All Banks.

31. 30
Agenda Item No. 16
Financing to IT Kiosk - Already discussed.
Agenda Item No. 17
Progress under National Horticulture Board.
All concerned are requested to take all possible steps to accelerate the development of
Horticulture in Orissa. All the pending proposals kept with the Banks sponsored by NHB
should be disposed off at an early date.
Action : Banks, Govt. line Department, NHB.
Agenda Item No. 18
Financial Inclusions
Financial inclusions of Ganjam District is just a beginning. To have access vast segment
of population especially the under privileged and down trodden class of people to Banks,
Banks should open No Frill A/c in a big way and also to issue GCC under financial
inclusions.
Action : All Banks.
The minutes of meeting of Steering Committee of SLBC held on 7/3/07 was ratified by
SLBC and Banks. Concerned agencies were requested to implement the decisions taken
in the meeting.
Action : Banks, Line Department, Govt. of Orissa.
At last Shri Ujjwal Kumar, Asst. General Manager, UCO Bank, Regional Office, Cuttack
proposed vote of thanks to;

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1. Shri P.C. Ghadei, Hon'ble Finance Minister, Orissa.
2. Shri V. Sridar, Chairman & Managing Director, UCO Bank and Chairman,
SLBC, Orissa.
3. Shri A.K. Tripathy, Chief Secretary, Orissa.
4. Dr. R.N. Bohidar, Development Commissioner cum APC cum Addl. Chief
Secretary, Orissa.
5. Shri R.N. Senapati, Principal Secretary to Government, Finance Department,
Govt. of Orissa.
6. Shri S.A. Kareem, Chief General Manager, NABARD, Regional Office,
Bhubaneswar.
7. Shri M.N. Rao, Chief General Manager, SBI, LHO, Bhubaneswar.
8. Shri S. Sethy, Dy. General Manager, RBI, RPCD, Bhubaneswar
& participants from Government and other agencies and Banks who have spared their
valuable time in the 109th SLBC meeting for taking very important decisions and
deliberating on different agenda, thus will certainly support in a big way in building
modern economically vibrant Orissa where large chunk of people will have a better living
by taking up sustainable economically viable activity under various Government
sponsored schemes including Employment Mission of the State.
While extending vote of thanks, on behalf of SLBC he assured that the Banks in Orissa
would definitely give importance in financing SC/ST/SME sector as advised by Hon'ble
Finance Minister, Orissa and CMD, UCO Bank and Chairman, SLBC, Orissa.
Banks will improve their performance in PMRY and other Government sponsored
schemes also.
He requested Banks and Government line Department to make Government sponsored
programme and SHG credit linkage successful.
Lastly he expressed that Banks and Government line Departments should work in
tandem for diversification of Agriculture which would generate income and employment to
boost the economy of the State.