----- Forwarded Message ---- From: Yatish Kumar <yatish_...@yahoo.com> To: indian_sc_un...@yahoogroups.com Sent: Sun, 29 August, 2010 10:56:36 AM Subject: Re: [indian_sc_union] Loans to SCs & STs YATISH KUMAR ________________________________ From: P.Esakkimuthu <p.esakkimu...@yahoo.co.in> To: indian_sc_un...@yahoogroups.com Sent: Sat, August 28, 2010 8:09:00 PM Subject: [indian_sc_union] Loans to SCs & STs Loans to SCs & STs Banks extend loans to Scheduled Castes (SCs)/ Scheduled Tribes (STs) under Priority Sector Lending (PSL). SCs/ STs from a sub-category under Weaker Section of PSL. Further, under Government Sponsored Schemes, the reservation for SCs/ STs is as follows: (i) Swarna Jayanti Gram Swarozgar Yojana (SGSY) - 50% (ii) Swarna Jayanti Shahari Rozgar Yojana (SJSRY) - to the extent of their proportion in the population. (iii) Differential Rate of Interest (DRI) Scheme - 40% As per data furnished by Reserve Bank of India (RBI), total loans outstanding under PSL and to SCs/ STs as on last reporting Friday of March, 2007, 2008 and 2009 (latest available) are as under: (Amount in Rs. crore) As on the last reporting Friday of March Total Priority Sector Loans to SCs/ STsBeneficiaries 2007 7,03,756 26,520 2008 8,24,773 34,376 2009 9,67,414 40,812 Source: RBI The measures taken by RBI to strengthen credit flow to SCs/ STs, inter-alia, include the following: · With a view to minimize rate of rejection of loan applications, banks have been advised to indicate reasons for rejection of application on the form itself; · Banks have been advised that the rejection of loan applications should be done at higher level instead of the branch level; · Banks have been advised to provide necessary institutional support to the National SC/ ST Finance and Development Corporation to enable the institution to achieve the desired objective; and · The banks also participate in special schemes of SC/ ST Corporation for development of SC/ ST which are piloted at State level through special component plans. This information was given by the Minister of State for Finance, Shri Namo Narain Meenain a written reply to an Unstarred Question raised in Lok Sabha today. REFER FOLLOWING LINK FOR MORE CLARITY OF FIGURES CITED ABOVE http://www.lawyersclubindia.com/news/Loans-to-SCs-and-STs-11531.asp COURTESY:lAWYERRS CLUB OF INDIA
