Champhai District Consultative Committee (DCC) & District Level Review Committee (DLRC) held meeting yesterday at DC’s Conference Hall under its Chairman Pu SL Naveen, IAS, Deputy Commissioner Champhai. Chairman urged the Bankers to conduct massive and wider public awareness campaign on facilities provided through Banks. Potential Credit Linked Plan (PLP) 2020-2021 for undivided Champhai District was launched by the Chairman. Pu L.Lawmvela, Lead District Manager, SBI Lead Bank Office had welcome speech followed by discussion on the performances of Bankers for the quarter ended September, 2019.

According to the reporting period, Credit-Deposit (CD) ratio as on 30.9.2019 was 45.03 %, against the norm of 60%. Priority Sector Advance to Total Outstanding Advances was 66.45% against the norm of 40% for Commercial Banks and 75% for the RRB. The ACP 2019-2020 achievements was only 18.29 %. Agricultural Segment to Total Outstanding Advances was 17.49 % against the norm of 18 %. Export, Education and Housing Advance was 41.09 %, No Education loan was given while 46.28% Housing loan was achieved. Under Prime Minister Employment Generation Scheme (PMEGP), 14 out of 64 targets amounting Rs 135.77 lakhs loan was sanctioned, under Pradhan Mantri Awas Yojana (PMAY), 7 out of 150 targets were given loan amounting Rs 22.09 lakhs.

Till September ended quarter 2019, 84 Pradhan Mantri Mudra Yojana (PMMY) loans were sanctioned comprising Shishu-28, Kishor-46 and Tarun-10 amounting Rs 197.55 lakhs. Under DAY-NRLM, 104 Self Help Groups were given loan amounting Rs 107.43 lakhs, Loan Recovery Percentage was 20.23 %. Also under DAY-NULM, Rs 41 lakhs loan was sanctioned to 30 SHGs. Six Digital Financial Literacy Awareness Programmes were conducted with 490 participants. Enrollment under Social Security Schemes were; 651 Pradhan Mantri Suraksha Bima Yojana (PMSBY), 492 Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and 16 Atal Pension Yojana (APY).

There are 8 different Banks operating in the district, 3 Public Sector Banks and 3 Private Sector Banks, 1 each for Regional Rural Bank and State Cooperative Bank. There are a total of 13 Bank branches, 11 ATM Machines and 4 Business Correspondents.