Transcript SAURASHTRA GRAMIN BANK - National Housing Bank

Saurashtra Garmin Bank’s
Intervention and Experience
in
Rural Housing
Presented By:
H. K. Dabhi (Chairman)
SAURASHTRA GRAMIN BANK
About us
 Came into existence w.e.f. 02.01.2006 with amalgamation of
following three erstwhile RRBs.
(1) Jamnagar – Rajkot Garmin Bank
(2) Surendranagar – Bhavnagar Garmin Bank
(3) Junagadh – Amreli Garmin Bank
 Area of Operation – Seven districts of Saurashtra Region of
Gujarat State. (Rajkot, Jamnagar, Amreli, Surendranagar,
Junagadh, Bhavnagar and Porbandar)
 Head Office at Rajkot – Gujarat & 3 Region Offices
 Network of 169 Branches on 100 % CBS Platform with 8 satellite
offices. (Rural – 119, Semi Urban – 37, Urban – 13)
 Area of Operation – 1116 Villages
Vision & Mission
 Vision Statement:
“Building a professionally sound Institution to
cater to the Banking needs of the people of
Saurashtra
inter-alia
covering
the
disadvantaged masses”
 Mission Statement:
To Cater to the Banking Needs of People of
Saurashtra through Ace Products, Delighted
Customer Service and Financial Improvement
of the Targeted Mass with a Team of Self
Motivated Man Power, Advanced Technology
and Well Defined Systems.
Significance of our Logo
 Our logo denotes Safety, Security and Growth.
 Logo signifies our presence in
Saurashtra Region of Gujarat & the
face of Great Asiatic Lion represents
its habitation in the GIR LION
SANCTURY in our area of operation.
 The Leaves Denote Agriculture Growth.
 The Chimney Denotes Focus in Industrial Growth
of Saurashtra Region.
Area of Coverage
Saurashtra Region of Gujarat
 Head Office - Rajkot
 Districts Covered
1. Rajkot
2. Jamnagar
3. Surendranagar
4. Junagadh
5. Amreli
6. Porbandar
7. Bhavnagar
 Region Offices
1. Jamnagar
2. Surendranagar
3. Junagadh
Business Highlights (as on 31
st March, 2011)
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Total Business: Rs. 2183.07 Cr.
(Total Business crossed Rs. 2400 Cr during August – 11)
Total Deposit: Rs. 1381.52 Cr. (CASA Deposit - 44.29%)
Total Advances: Rs. 801.55 Cr.
(Highest Advances amongst all three RRBs of Gujarat)
Loan Disbursement: Rs. 698.59 Cr.
(Against Target of Rs. 675.05 Cr.)
Operating Profit: Rs. 23.12 Cr.
Reserves & Surplus: Rs. 59.79 Cr.
Business / Branch: Rs. 13.07 Cr.
Business / Employee: Rs. 3.20 Cr.
CD Ratio: 58.03% (Average CD Ratio 10-11: 63.39%)
(Highest CD Ratio amongst all three RRBs of Gujarat)
Business Highlights (Cont…)

Cross Selling Business of Rs. 4.36 Cr. of SBI Life Insurance
products. (Against target of Rs. 3.60 Cr. with growth of more
than 400% and stood at first position among all SBI sponsored
RRBs in terms of budget achievement)
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Bank introduced Micro Insurance Product of SBI Life Insurance
“Garmin Super Suraksha” exclusively for SHGs, Sakhi
Mandals and JLGs for the first time & covered 7488 Lives.
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Gross NPA: 1.21%
Net NPA : 0.05 % (Lowest among all three RRBs of Gujarat)
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CRAR: 9.52% (Against Statutory requirement of 7.00%)
Recover Rate: 83.88% (Highest among all three RRBs of Gujarat)
Key Highlights (as on 31
st March, 2011)
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Priority Sector Advances: 627.04 Cr. (78.23%)
Agriculture Advances: Rs. 573.54 Cr. (71.55%)
Weaker Section Advances: Rs.313.27 Cr. (39.08%)
Agriculture Disbursement: Rs. 492.00 Cr. (70.43%)
12043 New Farmers Financed during 2010 -11, out of which
8296 covered under KCCs and 3747 under ATL.
Total Kishan Credit Cards (KCCs) Issued : 131085
Total SHGs A/C – 10024 and SHGs Linked – 3998, out of which
Sakhi Mandals A/C – 4692 and Sakhi Mandals Linked – 1296
Bank formed & credit linked 366 micro groups under JLG
scheme of NABARD covering 1686 members with amount of
Rs. 2.05 Cr. (Stood @ 1st position amongst three RRBs of Gujarat)
Achievements
• 100% Migration to Core Banking Solution within short period of
time of 3 months & stood at first amongst all 3 RRBs of Gujarat.
• Bank has opened 16 new branches during the financial year 2010 – 11,
out of which, 6 branches opened under Financial Inclusion Plan.
• Beginning of House Magazine “We’ndow” during 2010 – 11 to bring
out the talents of the staff to reach out to family of staff members.
• Bank has given promotion to four officers for Scale – IV level of
RRB staff first time in history of SGB.
• Bank has imparted training to 125 officers at Ahmedabad
Management Association (AMA) for the first time for the upgradation of staff skill.
• Officers , clerical & subordinate staff is given extensive training
in various Banking areas at reputed Training Institutes like
BIRD, SBIRD, AMA, CAB. Etc.
Financial Literacy
• Our Bank put in sincere and constant efforts to
increase Financial Literacy of people of Saurashtra
Region through various campaigns and programs.
• In last two years’ time Bank took up an extensive
Gramin Relation Program. Under this Program, Bank
held about 3350 Gram Sabhas till end of March – 2011.
Bank conducted about 2400 Gram Sabhas and 400
Customer Meets during current year for cause of
Financial Literacy. It is a unique way to reaching out
to the rural people, with multiple mutual benefits.
Financial Literacy (Cont…)
• Bank conducted Literacy Training program of 5 days for
25 representatives of SHGs, JLGs, Sakhi Mandals and
Farmer’s clubs with the support of NABARD and ISMW
to improve the awareness of Banking & Financial
products & services amongst Rural Population.
• Bank set up 203 Farmer’s Clubs for the benefit of
farmers & to improve Financial Literacy among
farmers.
• Bank has also planned “Mega Gram Sabha for Financial
Literacy” with the help of NABARD and proposal for the
same already sent to NABARD for approval.
Financial Inclusion
• 139 villages are allotted to Bank under “Financial
Inclusion Program” of providing banking services to
villages having population of 2000 & more to be covered
by the end of financial year 2011 – 12. Other 245 villages
allotted under said program for providing banking
services to villages having population of 1000 to 2000.
• Chairman and other three officers of the Bank
participated in An Exposure Visit @Vidharbha Kshetriya
Garmin Bank (Maharashtra) (RRB sponsored by CBI)
arranged by NABARD. Visit was conducted mainly for the
purpose to motivate RRBs for adoption of villages in the
area of operation for overall Development with financial
& other qualitative support.
Financial Inclusion (Cont…)
• Out of total 139 villages, Bank planned to cover 9 villages
with opening of branches and remaining 130 villages will
be covered through ICT model by the end of financial year
2011 – 12.
• Bank already covered 7 villages with opening of branches,
out of 9 villages to be covered through opening of
branches.
• Bank has signed agreement and engaged 13 BCs who will
cover 20 villages under “Pilot Project” of ICT model.
• With the help of our sponsor Bank (SBI) we are in
finalization stage of selection of technology provider for
ICT model for all villages to be covered under it as advised
by RBI & Govt of India.
About Rural Housing
• According to the 1991 Census, the rural housing shortage
was 13.72 million consisting of 3.41 million households
without houses and 10.31 million living in unserviceable
Kutcha Houses.
• History suggests that there is a clear correlation between
poverty and housing: a poor person either does not have a
house or lives in an unserviceable Kutcha House.
• The Central Government announced in 1998, the National
Housing and Habitat Policy which aims at providing
'Housing for All', with an emphasis on extending benefits to
the poor and the deprived.
• For achieving these objectives, a comprehensive Action Plan
consisting of Provision for initiated by Government.
About Indira Awaas Yogna (IAY)
• Indira Awaas Yojana (IAY) is a flagship scheme of the
Ministry of Rural Development to provide houses to
the poor in the rural areas with primary objective to
help construction/up gradation of dwelling units.
• Funding Pattern: Centrally Sponsored Scheme funded
on cost-sharing basis between the Government of
India and the State Governments in the ratio of 75:25,
in the case of North-Eastern States and Sikkim, ratio
would be 90:10. In the case of Union Territories, the
entire funds under this Scheme are provided by the
Government of India.
About Indira Awaas Yogna (IAY) (Cont…)
• Target Group: Below poverty line households living in
the
rural
areas,
belonging
to
Scheduled
Castes/Scheduled
tribes,
freed
bonded
laborers, minorities in the BPL category and nonSC/ST BPL rural households, widows and next-of-kin
to defense personnel/paramilitary forces killed in
action residing in rural areas (irrespective of their
income criteria), ex-servicemen and retired members
of paramilitary forces fulfilling the other conditions.
(This scheme not applicable to RRBs as it is to be
given @ DIR of 4.00%, however this scheme could be
explored by Commercial Banks)
Rural Housing Scheme (SGB)
• Purpose:
For construction or for renovation of new/old house.
For purchase of land meant for construction of house.
(Furniture / consumer durable cost can also be included in
total project cost)
• Eligibility:
Individual with independent and assured NMI of Rs. 5000/Agriculturist having at least 7 Acres of Agri. Land with NAI of
Rs.60000/- (Relaxation considered in deserving cases).
• Loan Limit: Rs. 1.00 Cr.
• Margin: 15.00% to 30.00% (On the basis of purpose)
• Interest Rate: 11.00% to 12.00%
(On the basis of repayment term)
Rural Housing Scheme (SGB) (Cont…)
• Moratorium Period: Up to 18 months
• Repayment Term: Maximum up to 20 years
• Security: Equitable mortgage of property to be purchased /
constructed / renovated
• Repayment Term: Maximum up to 20 years
(Generally, repayment can be made by EMI basis, but specially for the
Agriculturist repayment can be made by Equated Half Yearly and Equated
Yearly Installments coinciding with harvesting of crop)
• Processing Charge: 0.50% of Limit Sanctioned
• Generally, our Bank waives Processing Charge and also
provides concession in Rate of Interest for promotion of the
Housing Scheme in Rural area during “Loan Mela Campaign”
organized by Bank.
Rural Housing Finance Detail (SGB)
• Rural Housing Outstanding
As on 31.03.2011: No. of A/C: 750
Amount: Rs. 21.32 Cr.
As on 30.06.2011: No. of A/C: 770
Amount: Rs. 23.09 Cr.
• Rural Housing Disbursement
F. Y. 2010 – 11: No. of A/C: 453
Amount: Rs. 11.29 Cr.
F. Y. 2011 – 12: No. of A/C: 86
Amount: Rs. 2.34 Cr.
(up to quarter ended as on 30.06.2011)
NHB – Refinance
• National Housing Bank (NHB) provides refinance
assistance @ 100% extent at very reasonable and fixed
interest rate, in respect of housing finance provided /
to be provided to individuals, out of Rural Housing
Fund (RHF), 2008.
• SGB availed refinance of Rs. 5.00 Cr. under RHF @
very attractive fixed interest rate (6.00% p.a. for
loans up to Rs.2.00 Lac, 6.50% p.a. for loans from
Rs.2.00 Lac to Rs.5.00 Lac, 7.00% p.a. for loans
above Rs.5.00 Lac to Rs.15 Lac) for repayment term
up to 2018, on sanctioned and disbursed loans to the
extent of Rs. 6.44 Cr. .
NHB – Refinance (Cont…)
• SGB availed refinance assistance within very short
period from NHB and for which NHB helped through
out the entire procedure and formalities to avail the
same.
• NHB also encourages other Banks / Financial
Institutions to avail refinance under RHF and SGB
also recommends to avail refinance from NHB.