Bank of Maharashtra convenes 149th SLBC Meeting



Pune: 149th Quarterly SLBC Meeting took place on Friday through Video Conferencing, under the Chairmanship of Shri Nageswara Rao Y., Executive Director & Chairman, SLBC, Maharashtra to discuss the progress under Crop Loan Disbursement, Annual Credit Plan for the FY 2020-21, Implementation of Mahatma Jyotirao Phule Karj Mukti Yojana (MJPSKY), 2019 Debt Waiver Scheme and various Economic Packages announced under Atmanirbhar Bharat Package.

Principal Secretary, Maharashtra State Shri Rajgopal Deora addressed the Forum on behalf of State Govt. He advised Member Banks to improve credit disbursal in line with Agricultural advances and also to support Government sponsored schemes including SHGs. The meeting was attended by various senior officials of Govt. of Maharashtra, Reserve Bank of India, NABARD, Member Banks and LDMs.

During the meeting, it is presented that Banks have extended Crop Loan disbursement to the tune of 76% of the target as of 30th September 2020, which is substantially good as compared to last three years. Govt. of Maharashtra insisted Banks in the State to continue financing under Crop Loan during ongoing Rabi, 2020 season and to cover all eligible MJPSKY, 2019 Debt Waiver beneficiaries during ensuing Rabi season. Favourable factors such as Good monsoon, MJPSKY, 2019 beneficiary farmers with cleared past dues & Economic Packages announced by Govt. of India under Atmanirbahr Bharat, etc. are giving much needed opportunity to Member Banks to increase finance under Investment Credit.

Shri Balasaheb Tavhare, DGM & Member Secretary, SLBC, Maharashtra anchored the meeting & proposed the vote of thanks.



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