State Level Bankers' Committee, Tripura
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Financial Inclusion Plan
SLBC Schemes
Objectives of SLBC
  • To review the assistance required and provided by Govt. agencies.
  • To oversee the implementation of branch expansion programme.
  • To review the recovery performance.
  • To consider problems referred by the district level forums and take necessary follow-up action.
  • To solve operational problems in implementation of Service Area Approach, Credit Plans, Govt. and other agencies programmes etc.
 
Financial Inclusion
 

strongPursuant to the directives of DFS, Ministry of Finance, GoI as communicated through their circular F No.6/18/2012 – FI (C – 54009) dated 6th June, 2012, the undernoted issues need to be discussed in the SLBC meetings:

  1. Progress in extension of banking facilities as per Financial Inclusion Plan:

  2. The banks have already set up banking outlets in all the 419 villages having 2000 or more population largely through BC model and Brick and Mortar branches in some villages. BCAs were engaged in 414 villages B & M branches were opened in 5 (five) villages. 606147 accounts have been rolled out up to March, 2014.(List enclosed)
    At the directives of IBA, 619 villages having population less than 2000 were identified in Tripura for providing banking services. The Banks have since covered all the 619 villages through BC model. But as per Govt of India guidelines under FI Plan at least 5% of the total villages (619) should have Brick & Mortar branches. Accordingly SLBC Tripura identified 35 centers for opening of Brick & Mortar Branches and allotted amongst the different Banks. So far 34 Brick & Mortar branches have already been opened and 1 (One) branch is yet to be opened in the village namely Thirthamukh (list enclosed).

  3. ) Progress in opening of branches in under-banked and other districts as per strategy and guidelines on Financial Inclusion issued by the Department:

  4. In accordance with the directives of The Dept. of Financial Services, Ministry of Finance, Govt. of India in its circular F No. 21/13/2009-FI (Pt) of DFS, MOF, GoI dated 21.10.2011 on Strategy and Guidelines on Financial Inclusion, 27 villages of under banked districts were identified and allocated among the banks for branch opening within Sept 2012. The DFS in its circular dated 20.3.2012 has clarified that in the under banked districts all villages with 5000+ population should have a bank branch by September 2012. It was also clarified that banks can set up Ultra Small Branches in those villages where regular Brick & Mortar branches are not considered viable. Up to March 2014, the banks have opened 25 B & M branches. Out of the remaining two, UBI has already opened a branch at Chakmaghat which is about 1km away from Uttar Gokulnagar. The village Central Catchment is no longer in existence in the said name. (List of 27 villages with status is enclosed)
  5. ) Progress in establishment of Ultra Small Branches in all FI villages:

  6. The DFS, MOF, GoI in its circular dated 28.12.2011 and 09.2.2012 directed that at all villages having 2000+ populations where opening of conventional brick & mortar branch is presently not viable, the bank may set up Ultra Small Branches. USBs can later be upgraded in to a regular bank branch on reaching the desired level of business. In the 103rd SLBC meeting, Govt. of Tripura, placed a list of 107 nos of Ultra Small Branch(USB) / Brick & mortar and 170 nos of ATMs for opening in Tripura in connection with implementation of Direct Benefit Transfer. Accordingly a meeting was convened by rhe Hon’ble Finance Minister GOT at the State Secretariat Building, Agartala on 19.02.2013.
    In the meeting center wise detail discussion was made by the minister and the members of the committee and 80 (eighty) centers were selected out of 107 and allotted to different banks for opening of Ultra Small Branch as per Annexure. Since there was no representative from FIS in the meetings, the 103rd SLBC advised the convener bank to allocate 170 centers amongst the member banks for opening rural ATMs as per list supplied by the State Government. The allocation of ATM centers was supplied to the member banks on 19.04.2013 in the RBI monthly review meeting for taking up the matter with their controlling authority for opening of ATM counters. The DFS in their circular dated 07.08.2012 observed that the weekly visit of the designated officer to a USB established in villages having population of 5000 or more in underbanked districts and 10,000 or more in other districts is insufficient and cannot provide required services to the customers. In order to provide adequate services in such villages, they recommended the following measures for adoption:
    i) The USB shall be managed full time by at least one bank officer with laptop having VPN connectivity supported by BCA.
    ii) Manpower may be increased with the increase in business volume.
    iii) The branch shall have normal business hours as the base branch.
    vi) Such Ultra Small Branches should have a pass book printer and a safe for cash retention.
    Up to March 2013, out of 414 villages having 2000+ population provided with BCs, CSPs of 49 villages could be converted into USBs. The member banks have been requested to speed up the process of conversion so that all 2000+ population villages already covered with BCAs are converted to USBs shortly.

  7. Campaign to ensure that each family has at least one account in Rural Areas:

  8. Dept. of Financial Services, MoF, GoI in their e-mail dated 3rd August 2012 (F No. 6/ 23 /2012 – FI circulated amongst all banks) highlighted the issue of opening of one bank account per family. Some of the salient points that are to be noted for discussion in the meeting and implementation of the task are as under:
    The member banks have been advised to open SB A/Cs in their service areas in villages and allotted wards in urban areas for payment through EBT mode. Branches have been advised to send report on SB A/Cs opened to the LDMs.
    Five districts of Tripura viz. West Tripura, Khowai, North Tripura, Dhalai and South Tripura have been identified for implementation of Direct Benefit Transfer Scheme wef 1st June, 2013.. Hence , opening of accounts for each beneficiary has to be ensured by the banks in the above five districts within the shortest possible time.

  9. Progress in urban financial inclusion by way of opening accounts of migrant labourers and facilitating remittance:

  10. The essential features of Financial Inclusion in Urban areas have been mentioned in the previous Agenda. In Municipal areas wherever LDMs have allocated wards amongst the banks and coordinating the campaign with the active involvement of all the banks.
    Coverage of Households under Swabhiman
    While 100% Financial Inclusion has been achieved in Tripura (W) district, in the other four districts it is nearing completion. The extent of financial inclusion that has been achieved in Tripura (N) and Tripura (S) district is 99% and it is 98% in Dhalai. District.
  11. Convergence of insurance facilities with the FI initiatives:

  12. As recommended by DFS, MoF, GoI a committee on micro insurance comprising SLBC convener, representative of NABARD and representatives of LICI and National Insurance Company has been formed. All the Lead District Managers have been advised to form the said committee at the district level comprising LDM, DDM, NABARD and representatives of LICI and NIC. List of nominated persons of LICI and NIC for each district has also been provided to them. The LDMs are advised to activate the committee and provide information in respect of BCs of different banks functioning in each district.

  13. Progress in establishment of Currency Chest and Clearing Houses:

  14. All the districts of Tripura are already having one or more Currency Chests. As many as 19 Currency Chests
    are operating in the State of Tripura of which 12 are run by United Bank of India, 4 by SBI and one each by TGB,
    CBI and UCO Bank. In the last SLBC meeting the State Govt. has agreed to provide free security to UBI Kamalpur &
    Kanchanpur currency chests. In Tripura 31 centers have been identified where 3 or more branches are operating
    but clearing facility is not available in the said centers. There are 17 centers where six or more branches are operating without any banking facility. As per RBI directives these centers need to have Clearing Facilities. A list of 15 such centers have been submitted to RBI along with Feasibility Report for permission and providing guidance for 4 DBT Districts in the first stage as per instruction of DFS. RBI Guwahati. Vide letter No.GUWA.NCC/636/10.02.37/2012-13 dated 23.05.2013
    accorded approval for opening 5(Five) nos of Clearing Houses within 2 (two) months by the Banks as per list given below:


    Sl No

    Name of Centre

    Name of District

    Name of Bank

    Alloted Branch

    1

    Teliamura

    Khowai

    SBI

    Teliamura

    2

    Khowai

    Khowai

    UBI

    Khowai- opened

    3

    Manu

    Dhalai

    UBI

    Manu- opened

    4

    Gandachherra

    Dhalai

    TGB

    Gandachherra

    5

    Ambassa

    Dhalai

    UBI

    Ambassa-opened

    Progress in GIS data entry:
    GIS data entry has been completed for all the 8 lead districts of the State. The concerned LDMs have been advised to keep updating the entries as and when occasions arise. :

    FLCs:
    The salient features of the revised directives of RBI in respect of FLCs are as under:

    • All the existing FLCCs will continue to function as usual.
    • FLCs have been opened in the four LDM offices by UBI within October, 2012 in addition to the existing FLCCs. .
    • SLBC would review the financial literacy efforts undertaken by banks under their jurisdiction as an agenda item in the SLBC meetings and would submit a quarterly report on the functioning of FLCs to the respective Regional Offices of RBI within 20 days after the end of each quarter. The FLCs have been opened in the LDM offices of 4 districts of Tripura.
    • It is to be ensured that outdoor literacy camps are organized by each FLC and each rural branch at least once in a month. The member banks may consider engaging FLC counselors from amongst the retired Bank Officers for the FLCs set up at LDM offices also.
       Banking outlets in Unbanked / Under banked Centers:               

    The position of opening of Brick & Mortar branches in different under banked centers of Tripura as per decisions taken from time to time is given below:

    The progress made in opening of branches in the 12 centers (item 2) identified in the 94th SLBC meeting held on 02.04.2010 is as under:


    Sl No.

    District

    Block

    Centre

    Name of the Bank

    Date of opening / Proposed date

    1

    West Tripura

    Dukli

    Srinagar/Kanchanmala

    TGB

    Opened on 24.04.12

    2

     

    Bisalgarh

    Lalsingmura

    TGB

    Opened on 30.03.12

    3

     

    Teliamura

    Chakmaghat

    UBI

    Already opened

    4

     

    Teliamura

    Tuichindrai

    TSCB

    To be opened shortly

    5

     

    Kalyanpur

    Baganbazar

    TSCB

    To be opened shortly

    6

    South Tripura

    Rupaichari

    Rupaichari Block

    TGB

    Opened in March 2010

    7

     

    Hrishyamukh

    South Sonaichari

    TGB

    Already opened

    8

     

    Matabari

    Garjee

    TGB

    Opened on 02.08.12

    9

     

    Killa

    Atharobhola

    TGB

    Opened on 31.03.12

    10

    Dhalai

    Salema

    Morachera

    TSCB

    Opened on 19.12.12

    11

    North Tripura

    Gournagar

    Bhater Bazar

    TSCB

    To be opened shortly

    12

     

    Kumarghat

    Betchera Bazar

    TGB

    Opened on 21.03.12

    In the remaining three centers branches will be opened shortly. Details of progress made in 26 centers have been annexed.

    Sl no

    Recommending Authority / Scheme

    Branches were to be opened

    Branches already opened

    Branches yet to be opened

    Target date

    1.

    Agreed list of bankers

    9

    9

    Nil

    Nil

    2

    Govt. of Tripura

    12

    9

    3

    Do

    3

    RBI Subvention scheme

    5

    5

    Nil

    Nil

    4

    State Govt / RBI

    26

    25

    1

    To be opened shortly

     

    Total

    52

    48

    4

     

    The progress made in opening of branches in the 9 centers ( Item 1) under agreed list:

    Sl. No.

    District

    Block

    Center

    Name of the Bank

    Status

    1

    Dhalai

    Chawmanu

    Chawmanu

    TGB

    Opened

    2

    Do

    Dumburnagar

    Raisyabari

    UCO Bank

    Opened

    3

    South Tripura

    Killa

    Killa

    TGB/TSCB

    Opened

    4

    Do

    Rupaichari

    Manu Bankul

    SBI

    Opened

    5

    Do

    Rajnagar

    Radhanagar

    UBI

    Opened

    6

    Do

    Hrishyamukh

    Nalua

    TSCB

    Opened

    7

    Do

    Satchand

    Kalacherra

    TSCB

    Opened

    8

    Do

    Karbook

    Karbook

    TGB/TSCB

    Opened

    9

    Do

    Karbook

    Chellagang

    TGB

    Opened

I

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