Indication to the Banks to get ready for Direct Cash Transfer

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Mangalore, Sep 26: The direct money transfer of subsidy price project of the central government including the cylinder gas price directly to customers account will implement in Dakshina Kannada from 2014 January. All the banks of DK should get ready for this said DGM of Syndicate Bank I.T Sethuram.

In his presidential address at banking progress review meeting organized by District Margadarshi Bank he said. The case of central governments project on direct cash transfer based on adhar card is in court. But we should get ready to everything he said. The government projects preamble of banks should sent by the end of October. Then only they will get sanction he added.

While analysing the progress report of the bank this year the deposit 15.32% and the advance is 20.56% increased. In rupees the deposit was 26,378 crore and the advance cash is 14,191.72 crore.

According to loan project of district in first tri monthly period aimed at 1,600 crore and we gave loan of 1,876 crore. By this we made achievement of 117%. Likewise in agricultural section aimed at 572.25 crore loan price and gave 962 crore, small and medium industry 136 crore, service sector we distributed loan of 359 crore rupees he said.

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