Arunachal East Constituency Holds Special District Level Review on Poverty Alleviation and Financial Inclusion

Roing: A significant District Level Review Committee meeting took place at Roing, Lower Dibang Valley, under the 2-Arunachal East Constituency. The meeting, held on 22nd July, aimed to assess the progress of poverty alleviation initiatives and financial inclusion programs in the region.

The meeting was chaired by Hon’ble MP Sh. Tapir Gao and had the privilege of the presence of Smt. Gum Tayeng, Hon’ble MLA of the 42nd Dambuk Assembly constituency, who attended as a Special Invitee. Several prominent figures from the banking sector and local administration also participated in the review.

Sh. N. R. Sharma, Regional Manager of the State Bank of India (SBI) from Tinsukia, along with Sh. Singh, Convener of State Level Bankers Committee (SLBC), and Lead District Managers from SBI representing eight districts attended the meeting. In a significant show of cooperation, various other banks including ICICI, HDFC, APEX Bank, Arunachal Pradesh Rural Bank, PNB, and NABARD were also present to discuss and contribute to the proceedings.

The primary agenda of the meeting was to evaluate the effectiveness and impact of poverty alleviation schemes like PM-SVANIDHI, PM JANDHAN YOJANA, PM MUDRA, and social security initiatives such as PMJJBY (Pradhan Mantri Jeevan Jyoti Bima Yojana) and Atal Pension Yojana. The officials examined the implementation of these programs to ensure that they were benefitting the intended beneficiaries and reaching the targeted sections of the society.

Another crucial aspect discussed during the meeting was the Credit Deposit Ratio (CD ratio) of all the banks operating in the region. The attending banks were directed to focus on improving the CD ratio in accordance with the mandates set by the Reserve Bank of India (RBI) through credit outreach camps. This measure aimed to enhance access to credit for individuals and businesses, especially in the rural areas.

Addressing the need for enhanced financial services in rural communities, the committee directed the banks to prioritize improved transparency and hospitality for their customers in such areas. By fostering a customer-centric approach, the financial institutions aim to strengthen their relationships with the rural population and provide better financial solutions tailored to their specific requirements.

To ensure continuous monitoring and evaluation of progress, the committee decided to hold the next review after a period of three months, in October. This approach reflects the commitment of the local administration, financial institutions, and policymakers to proactively address challenges and enhance the effectiveness of poverty alleviation and financial inclusion initiatives in the region.

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