(a) whether the Government has formulated any specific credit facilities for women through
banks;
(b) if so, whether banks are providing stipulated percentage of advances to women ; and
(c) if not, the steps taken by the Government?
(a) whether the Government has formulated any specific credit facilities for women through
banks;
(b) if so, whether banks are providing stipulated percentage of advances to women ; and
(c) if not, the steps taken by the Government?
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI PAWAN KUMAR BANSAL)
(a),(b) and (c) : Yes, Sir. Reserve Bank of India (RBI) had issued a Circular in 2001 to
the Public Sector Banks (PSBs) to earmark 5% of their Net Bank Credit (NBC) to women
entrepreneurs. Banks formulate their own schemes as approved by their respective Board
of Directors for lending to women.
The performance of banks in achieving the stipulated target is periodically reviewed by
the RBI arid suitable instructions are issued from time to time to those banks found
lagging behind the stipulated target.
As on 3 1.03.2007, 21 PSBs have achieved the stipulated target of lending 5% of their NBC
to women. The Amount of loan disbursed to women by the banks as on 31.03.2007 stood at
Rs.6596424.77 lakh.