Page 29 - Banking Finance June 2017

ARTICLE

Sarpanch is also very energetic. On meeting to Sarpanch, it Branch Manger that if bank help the technical persons to
is told that nearly 175 - 200 young persons are going for start some business, we can assure to manage work for
job to nearly by city which is 28 KMs from this small village. them. However, the meeting is concluded that if the tech-
Further, Mr. X gathered that out these, 20-25 are techni- nical persons of this village if start their own business and if
cal workers of different fields. somebody support them initially. Definitely they will
save time of journey and they can get more what they are
Keeping in mind to do something extra ordinary and inno- getting.
vative, Mr. X, Branch Manager decided a meeting with
Sarpanch and discussed how this village can progress with After few days Sarpanch called a meeting and invited the
the help of Bank. The Sarpanch took interest and told about Branch Manger and president of NGO also and desired that
the source of income of this village which is mainly agricul- initially loan is to be given for small business to 6-7 persons
ture and wages/salaries getting from nearby cities. Now, and pointed out some people who are ready. Sarpanch and
conditions of agriculture are not good due to uncertainty of Mr Y also assured the Branch Manger that they will keep a
rain. However, people are migrating from village to Cities. watch over their business and assured them for timely
intalment of their loans. Branch Manager graved the op-
Now, Mr.X discussed with Sarpanch that if they assist him portunity and gave 6 loans of Rs. 19.00 lacs only i.e.
he can change your village migration to Reverse Migration - Dairy loan for 4 buffalos
and discussed at length, different schemes being presently - Electrical Repair and Maintenance shop
given by the Bank. Next day, Sarpanch came with some
- One Term Loan for manufacturing Section Windows(
persons in the Branch and introduced Mr. Y , who is Presi-
Fabricator)
dent of NGO, run by business house of nearby Industrial
Area. Mr. Y told the Manager that, their company has - One Term Loan for manufacturing Papad and Badi
adopted this village through Corporate Social Responsibility udyog to SHG
for overall development and they wish to give free books - One term Loan to Jari and Kadhai work.
to all children who wish to study. Besides, the Business house
made two water tanks for drinking for the village. These above loans were sanctioned under Mudra scheme
of the Government and simultaneously covered under
The Branch Manger then discussed with Mr. Y that some CGTMSE scheme.
of technical persons are going to nearby City for wages and
if they start their own small business they can earn more Mr. Singh, being a banker knows that if end use of small
what they are earning now. Actually, the monthly wages loans is proper, there are hardly chances to turn that ac-
comes to Rs.3500-4000 per month. Mr. Y then told the count to NPA. Hence, he took assistance of Sarpanch for the
same. In this direction micro credit initiative such as Self
Help groups and Micro Finance Institutions are also being
encouraged.

It is a proverb that "if there is will ,there is way". Surpris-
ingly, hardworking of villages converted into fruitful business
and not only they had started repaying their installment
timely but also their earrings became double. Earlier aver-
age income of them were nearly 4000- 5000 now they have
started earning 9000- 10000 per persons. Earlier they were
used to go to nearby city now they are giving time to their
families also. This miracle spread like anything and slowly
and gradually others have already started their own small
business with the help of Bank.

BANKING FINANCE | JUNE | 2017 | 29

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