New employment scheme to be implemented soon

For a cause: Collector J. Umamaheswari handing over a cheque on behalf of Indian Overseas Bank to the inmates of an orphanage.  

Staff Reporter

Margin money target fixed at Rs. 1.12 crore

KARUR: The Prime Minister’s Employment Generation Programme (PMEGP), that has the special features of the Prime Minister’s Rozgar Yojana would soon be implemented in Karur district, according to District Collector J. Umamaheswari. She was speaking at the district-level review committee meeting for bankers here recently.

The third quarter district-level review committee meeting of bankers was conducted in which the performance of the banks was reviewed. Chairing the meet Dr. Umamaheswari urged the bankers to meet all targets for the schemes within the stipulated time.

Under the PMEGP a margin money target of Rs. 1.12 crore has been fixed for the district. The District Industries Centre, KVIC and KVIB would implement the scheme with the support of the banks, she said. In the priority sector advance, a sum of Rs. 422 crore has been disbursed up to September last against the target of Rs. 489 crore. The bankers assured that the gap would be filled in the next quarter. The performance under agriculture was 84 per cent, non-farm sector 80 per cent and business service sector 114 per cent. While the total deposits stood at Rs. 1,641 crore, advance stood at Rs. 2,142 crore.

The District Collector noted under the SGSY revolving fund to the tune of Rs. 5.77 crore has been released to 1,040 SHGs. In respect of economic activity, against the revised target of 93 SHGs, 43 have been sanctioned loans to the tune of Rs. 2.09 crore while 10 groups have already been given Rs. 50 lakh as loan with Rs. 12.50 lakh subsidy component.

Under TAHDCO schemes 130 individual loans, 53 revolving fund and 40 SHG economic activity credits have been sanctioned and disbursement was taking place whenever TAHDCO released subsidy, it was noted.

Project Officer, District Rural Development Agency, Namagiri, Project Officer, Mahalir Thittam, S. Ayyaru, Chief Regional Manager S.H. Kesava, Assistant General Manager, Reserve Bank of India, S. Velusamy, District Development Officer, NABARD, R. Sankaranarayanan, and Lead District Officer K. Chandrasekaran were among those who spoke.

Also, the district-level security committee meeting for the bankers was conducted in which the Superintendent of Police P. Samundeeswari and other police officials participated. They urged the bankers to exercise more and sustained caution during and after banking hours. Heightened vigil must be maintained in and around the branches, the SP noted.

Later, Indian Overseas Bank, the Lead Bank for the district, donated Rs. 25,000 to Sri Raghavendra Trust for supporting its orphanage in Velliyanai near Karur. Dr. Umamaheswari handed over the cheque to the inmates of the home during the meeting. The children expressed their gratitude to the bank and the officials who helped them.