(a) whether the Government are aware that the Nationalised and Scheduled Banks refuse to disburse the amounts sanctioned to the beneficiaries of PMRY and insist on sureties and securities;
(b) if so, whether the Government propose to issue suitable instructions to the Banks to adhere to the guidelines and not to deny financial help to the applicants; and
(c) if so, the details thereof?
THE MINISTER OF AGRO AND RURAL INDUSTRIES ( SHRI KARIYA MUNDA )
(a): Under the Prime Minister`s Rozgar Yojana (PMRY), the individual beneficiaries are not required to furnish collateral sureties/ securities for loans upto Rs. 2.00 lakhs for ventures under the industry sector and for loans upto Rs. 1.00 lakhs for service and business sectors. However, a few complaints relating to the demand for collateral sureties/ securities by some bank branches have been received. These complaints are forwarded to the concerned bank for verification and taking necessary corrective action.
(b) & (c): Yes, Sir. The Reserve Bank of India (RBI) has issued instructions from time to time to the implementing banks to adhere to the norms laid down regarding the non-insistence of collateral sureties/ securities and to disburse loans within the stipulated time.