The Chairman /Managing Director
All Indian Scheduled Commercial Banks
(Excluding RRBs)
Dear Sir,
Credit Mobilisation target under
Swarnajayanti Gram Swarozgar Yojana (SGSY) during the year 2006-07
Government of India have finalised
tentative credit mobilisation target for the year 2006-07 under SGSY. The State
/UT wise credit mobilisation targets for the year 2006-07 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
SLBC's 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. The quarterly (cumulative) progress
reports and the recovery statement are required to be submitted within 45 days
from the close of the quarter/half year to which it relates.
6. Please issue suitable instructions
to your controlling offices and branches under advice to us.
Yours faithfully,
(Sujatha Elizabeth Prasad)
General Manager
Tentative Credit Mobilisation Targets
under SGSY during 2006-2007