Video Conference meeting with Executive Directors of Public and Private Sector Banks



Video Conference meeting with Executive Directors of Public and Private Sector Banks held to Review Progress of Pradhan Mantri Jan-Dhan Yojana (PMJDY); Banks Opened 9.83 Crore Accounts under PMJDY and 7.28 Crore Rupay Cards Issued; 99.73% Survey Work has been completed and 95.30% Household Coverage has been Achieved 


A Video Conference to review the progress in Pradhan Mantri Jan Dhan Yojana (PMJDY) was held here recently under the chairmanship of Shri Anurag Jain, Joint Secretary (FI) & Mission Director, PMJDY. The meeting was attended among others by Executive Directors of Public and Private sector Banks, representatives of IBA, NPCI and UIDAI. 

As per status presented in the meeting, as on 22.12.14, banks have opened 9.83 crore accounts under PMJDY and have issued 7.28 Crore RuPay Cards. While appreciating the improvement, need to cover the gap in issuance of RuPay Card was emphasized. Banks committed to cover the gap in issuance of RuPay cards and account opened, including of their RRBs, by 15th January, 2015. 

As per status presented, 99.73% survey work has been completed and 95.30% household coverage has been achieved where survey has been completed. It was agreed that all Banks would take-up the task in a planned sweep mode and cover all the households before the end of December 2014. Thereafter, public feedback route to ascertain and open accounts of left-out household, if any, would follow. Banks expressed confidence to meet the deadlines barring certain difficult areas in LWE districts, North East, HP, J&K and areas affected by migration. 

In order to achieve universal access of Banking, banks have deployed Bank Mitras in 1.23 lakh SSAs leaving a gap of 6031 uncovered SSAs. Banks were asked to complete deployment of Bank Mitras latest by 15 Jan 2015, and display details of Bank Mitras on their web site and SLBC web site and ensure that all Bank Mitra devices are online interoperable through RuPay cards and AEPS. 

Issue of remuneration to Bank Mitras was discussed. Only 21.50% of Bank Mitras are getting remuneration of more than Rs 5000/-. In order to ensure sustainability of Bank Mitras, banks were asked to ensure minimum earnings of Rs. 5000/- per month to Bank Mitras by crediting the same directly in his / her account. Banks while agreeing to the principle informed that it would take some time as issues related to contractual management will have to be suitably addressed. 

Banks were also asked to complete issuance of Passbook to all account holders and activation of RuPay cards. Banks agreed to complete this task by 15th January 2015. 

Issue of settlement of life insurance claim was discussed at length and focus was given on speedy disposal. Banks and LIC were asked to make claim forms readily available in their website. LIC was asked to settle the claim within 15 days from the date of receipt of claim, if otherwise in order. The settlement process should not exceed 30 days in any case. 

***

Achievements of the Ministry of Food Processing Industries 

The Ministry of Food Processing Industries was set up in July, 1988 to give an impetus to development of Food Processing Sector in the Country. The Ministry is concerned with formulation and implementation of the Policies and Plans for the Food Processing Industries within the overall National Priority and Objectives. The Ministry has taken a number of initiatives to promote investment in food processing sector.

2.         The Hon’ble Minister, while taking over the charge of Ministry on 27.05.2014, conveyed her firm resolution to uplift the lives of farmers by raising their income levels saying “The farmers of this country have been at the forefront in providing security to the nation. Now, their incomes are stagnant. The time has come to give boost to the income of our farmers through innovative value additions to the farm products”.

3.         The status of physical and financial achievements gained in implementing the Schemes of this Ministry during last six months as compared to the corresponding previous period is given in the table below:-  
(Rs. in crore)

S. No.
Name of the scheme
Position from December 2013 to May 2014
Position from June 2014 to December 2014.

Funds released
(in Rs.)
No. of Projects completed
Funds released
(in Rs.)
No. of Projects completed
1.
Infrastructure Development:-
a) Mega Food Park
b) Integrated Cold    Chain
 c) Modernisation of Abattoirs

23.41
76.66
5.18

-
07
02

46.97
102.96
9.55

5
10
-
2.
Technology Up-gradation
20.24
137
131.86
778
3.
Quality Assurance, Codex Standards & Promotional Activities
  9.70
39
29.32
           51
4.
Human Resources Development
0.62
  23
2.20
  86
5.
Strengthening of Institutions 
25.48
 02
33.72
 04
6.
National Mission of Food Processing
34.99
           12
94.27
 22

Total
207.35

444.38




4.                  A comparative analysis of the achievements of the Schemes is as under:-
(i)     Central Sector Scheme of Infrastructure Development.
(a)      Mega Food Parks Scheme:

During the period from December 2013 to May 2014, final approval was not given in any case. During the period from June 2014 to December 2014, five (5) Mega Food Parks have been accorded final approval. So far, Government has approved sanctioning of 42 projects. Out of this, 25 projects are presently under implementation.  Three projects at Haridwar (Uttarakhand) and Chittoor (Andhra Pradesh), and Tumkur (Karnataka) have already become operational and a number of units have been set up in these Parks. Project at Fazilka in Punjab is going to be operational in December 2014.  Further, projects one each in Jangipur in Murshidabad district of West Bengal and Khargone in Madhya Pradesh will be completed by the end of this financial year. 

(b)   Integrated Cold Chain Scheme:

Under the scheme, seven (7) cold chain projects have been completed from December 2013 to May 2014 and ten (10) projects during the period from June 2014 to December 2014. Funds under this Scheme have been utilized up to 91%.The Ministry has till date sanctioned 112 integrated cold chain projects with a grant of Rs. 935.16 crore and private investment of Rs 1826.11 crore. Out of these, 48 cold chain projects have already been completed and another 20 projects will be commissioned during the current year. So far, 2.46 lakh tonnes of Cold Storage, 84.86 lakh Litres per day milk processing, 330 nos. of Refrigerated Trucks and 59.5 MT per hour of Individual Quick Freezing capacity has been created.

(c)    Setting up/Modernisation of Abattoirs:

Two (2) projects have been completed under the scheme during the period from December 2013 to May 2014. The Ministry has further approved 17 abattoir projects during 2013-14. In 2014-15 it is expected that the abattoir at Hyderabad (Telangana) is likely to be completed and the projects at Visakhapatnam (Andhra Pradesh) and Edyar (Kerala) would make substantial progress. 

(ii)    Centrally Sponsored National Mission on Food Processing (NMFP):

(a)    Under NMFP, funds released during December 2013 to May 2014 were Rs.34.99 crore to 12 States and during June 2014 to December 2014 Rs. 94.27 crore was released to 22 States. Release of funds for NMFP has improved phenomenally.

(b)               Under Technology Up-gradation component, 471 projects were sanctioned by the States/UT Governments with an amount of Rs. 165.49 crore. The projects sanctioned include bakery, consumer, dairy, fisheries, flour milling, fruits & vegetables, meat products, oil milling, pulse milling, rice milling and wine.

(c)                Under cold chain component for non-horticulture products, 28 projects were sanctioned by States/ UT Governments with an amount of Rs. 118.10 crore. The projects include dairy, fisheries, meat and others. 4 Reefer Vehicles (2 horticulture + 2 non- horticulture) were also sanctioned with an amount of Rs. 1.77 crore.

5.      Recent Initiatives to Promote Food Processing Industries

In order to provide impetus to the Food Processing Industries, the government has taken the following initiatives-

(i)      Decentralisation of the  implementation of  schemes with active participation of State Governments;

(ii)    Launching of  Investors’ Portal for promoting investment in Food Processing sector

(iii)   Identifying APMC issues affecting food processing for appropriate amendments in APMC Act.

(iv)  Enhancing  allocation of Infrastructure Development schemes: 42 Mega Food Parks, 138 cold chain projects, 60 abattoirs  

(v)    Regular  interaction with industry and State Governments for activating single window clearance

(vi)  Seeking fiscal incentives for the Food Processing industry.

(vii) Excise duty on food processing and packaging machinery reduced from 10% to 6%.

(viii)                       Special fund of Rs. 2000 crore set up in National Bank for Agriculture and Rural Development (NABARD) to provide affordable credit to the food processing units to be set up in the designated Food Parks.

(ix)  Application Forms of all the Schemes currently being implemented by Ministry of Food Processing Industries has been simplified.

(x)    Requirement of supporting documents such as affidavit, agreements etc earlier required to be submitted with the proposal reduced.

(xi)  A Food map of India identifying surplus raw material has been prepared and uploaded on the Ministry website. Idea is to identify the surplus and deficient areas in the country of various agricultural and horticultural produce so as to plan processing clusters by means of setting up processing facilities under current schemes.

(xii) Sectoral Skill Council on Food Processing working in Federation of Indian Chamber of Commerce and Industry (FICCI).

Video Conference meeting with Executive Directors of Public and Private Sector Banks Video Conference meeting with Executive Directors of Public and Private Sector Banks Reviewed by Ajit Kumar on 3:53 PM Rating: 5

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