The Chairman /Managing Director
All Indian Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir,
Credit Mobilisation target under Swarnjayanti
Gram Swarozgar Yojana (SGSY) during the year 2005-06
Government of India have finalised the credit
mobilisation target for the year 2005-06 under SGSY. The State /UT wise credit
mobilisation targets for the year 2005-06 are enclosed. The credit mobilisation
as fixed would be indicative in nature. However, if needed, the States/UTs in
consultation with their respective State Level Banker’s Committee/DCC may enhance
the targets, as may deem necessary.
2. We advise that the State wise targets indicated
may be allocated among the commercial banks, co-operative banks and Regional
Rural Banks by State Level Bankers’ Committees (SLBCs). The SLBCs should finalise
the targets of individual banks on the basis of acceptable parameters like resources,
number of rural / semi urban branches etc. so that each bank will be in a position
to arrive at its corporate target. We will be monitoring the achievement of
the credit targets by the banks.
3. You may put in all efforts to achieve the
credit targets, minimum subsidy credit ratio fixed and maintain per family investment
of Rs. 25000/-.
4. The Lead Banks may review the performance
of credit mobilisation at regular intervals in each State/UT through the respective
SLBC/DCC.
5. Please issue suitable instructions to your
controlling offices and branches under advice to us.
Yours faithfully,
Sd/-
(Sujatha Elizabeth Prasad)
General Manager
Tentative Credit Mobilisation Targets under SGSY
during 2005-2006