Special camps to be conducted next month for the purpose
A database of all farmers in the district who have availed bank loans is going to be created through special camps in December. Farmers who are yet to avail any loans would be registered and bank accounts opened for them to bring them into the formal banking system, according to Collector U. Sagayam.
Addressing the District Level Review Committee meeting for bankers at the Collectorate here on Thursday, he told officials and bankers that this initiative would help increase agricultural production and prevent migration of people from villages to cities. Residents of rural areas who were not engaged in agriculture would be given credit of upto Rs. 10,000 for livelihood activities.
Further, he said that the district administration had identified four villages in the district to be developed as ‘model villages' for all-round development.
The bankers were told to ensure that banking services were extended to all households in those four villages. While farmers would be given crop loans, those aspiring for self-employment would also be given access to credit.
The four villages were Kottanathampatti in Melur Taluk, Periyakattalai in Peraiyur Taluk, Karadikkal in Tirumangalam Taluk and Chellampatti in Usilampatti Taluk.
The meeting also discussed implementation of Total Financial Inclusion scheme in the district, among other issues.
As per Reserve Bank of India (RBI) instructions, banking services must be extended to all villages with a population of 2,000-plus by March 2012 and villages with a population of 1,000 to 2,000 by March 2013.
Of the 160 villages in Madurai district that come in the first category, all but nine have been covered. In the second category, 170 villages have been identified and the bankers assured the Collector that they would be covered by December 2012, three months ahead of the deadline.
Loans to transgenders
Mr. Sagayam also instructed bankers to extend credit to Sri Lankan refugees and transgenders for whom Mahalir Thittam had already formed 70 groups self-help groups. The State government had announced economic assistance of upto Rs. 15 lakh with 25 per cent subsidy.
M. Prabakar, Project Director, District Rural Development Agency (DRDA); S. Vijayakumar, Assistant General Manager of Canara Bank, the Lead Bank for Madurai district; N.P. Rajan, Deputy General Manager, Indian Bank; R. Shankar Narayan, Assistant General Manager, National Bank for Agriculture and Rural Development (NABARD); A.J. George, RBI Assistant General Manager; KN. Subramanian, Lead District Manager; and K.M. Kanagaraj, District Disabled Rehabilitation Officer; took part in the meeting.