Finance Minister Pranab Mukherjee will meet heads of public sector banks along with the chief ministers of Northern states on July 6 to review the credit needs of the region and progress of centrally sponsored schemes.
The Finance Minister will also discuss, the credit related parameters, especially for agriculture credit, micro and small enterprises credit, housing loans, education loans, credit to weaker sections and credit deposit ratio.
The meeting during which CEOs of the public sectors banks would be present is also likely to discuss the impact of the recent decision of the RBI to raise key short-term and lending rate by 25 basis points to control inflation, which crossed the double digit mark in May.
Chief Ministers of Jammu & Kashmir, Punjab, Haryana, Uttrakhand, UP, Delhi and Administrator of Union Territory of Chandigarh among others are expected to attend the meeting.
One of the key points of discussion in the meeting would be financial inclusion to provide appropriate banking facilities to habitations having population above 2,000 by March 2012.
Implementation of Aam Admi Bima Yojana (insurance for common man) and co-contributory pension scheme Swavalambam, important priorities of the UPA-II government, would also be reviewed in the meeting among others.
Besides, chairmen of public sector banks, heads of Nabard, Sidbi, IIFCL and Exim Bank will also participate in the meeting.
Similar meetings were earlier held in eastern and north - eastern states as well as west and central zones, where delivery of credit to the poor was the primary focus.
The meeting will also take stock of the financial performance of the banks. The credit flow to the productive sectors would also be assessed.
The broad agenda of the meeting includes review of credit growth and agriculture credit, infrastructure lending and banks network in 129 blocks that don’t have banks.
Among others, capital adequacy over medium-term and housing and education loans would also be taken up in the meeting.
