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 2007-08
Government
of India have finalised credit mobilisation target for the year 2007-08 under
SGSY. The State /UT wise credit mobilisation targets for the year 2007-08 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,
(G.Srinivasan)
Chief General Manager
List of credit mobilisation
target for the year 2007-08