MP Kota Shrinivasa Poojary urges nationalised banks to be more efficient and people-friendly
Udupi: MP Kota Shrinivasa Poojary called on nationalised banks in the district to function more efficiently and adopt a people-friendly approach. He stressed the need for the simplification of procedures, especially for educational loans, and insisted that beneficiaries selected under govt schemes receive their due benefits without delay.
Presiding over the District Lead Bank Progress Review Meeting held at Dr VS Acharya Hall on the zilla panchayat premises, on Saturday, the MP said financial aid under central and state govt schemes should be made accessible to the public without hassle. He urged banks to increase enrolment under flagship schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana. He also cautioned banks against arbitrarily rejecting applications forwarded by govt departments.
Poojary said bank officials and staff must communicate with customers in Kannada. In cases where officials are unable to do so, locals should be deputed to assist. He said more emphasis on PM Mudra and Startup schemes could promote self-employment and contribute to the district's economic growth. Udupi currently ranks second in the state in loan disbursement under the PM Vishwakarma scheme, and he urged officials to work towards achieving the top spot.
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Zilla panchayat CEO Prateek Bayal stressed that financial support under RBI's priority sector norms should be enhanced. Banks must understand their social responsibility and maintain citizen-friendly practices. He directed banks to ensure 100% achievement of individual targets and urged them not to harass women from self-help groups seeking loans for self-employment. He said banks must assist them with proper guidance on schemes and required documentation.
Bayal also raised concerns over certain banks continuing to collect stamp duty despite exemptions for sectors like agriculture, education, and SHGs. He warned that the issue would be taken seriously and recommended strict action if violations continue. He further noted that the district is yet to meet the Rs 12 lakh target for activities under social infrastructure, renewable energy, fisheries, and self-employment.
Canara Bank Udupi RO-2 AGM and regional manager Tadinada Srinag Purnananda presented performance figures for FY 2024–25. The agricultural sector achieved 86.3%, MSME 91.1%, education 95.5%, and housing 85.4%. The credit-deposit (CD) ratio improved slightly from 46.9% last year to 47.7% this year. The Annual District Credit Plan (ADP) booklet for FY 2025–26 was released during the event.
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