Chandigarh - Banking

• UT Chandigarh is covered with 417 Branches of 46 Banks.
• Chandigarh UT has 18 public sector banks with 249 urban branches.
• There are 18 private sector banks with 118 urban branches.
• The UT has 3 foreign banks viz. Citi Bank, HSBC Bank and Standard Chartered Bank with 3 branches.
• There are three state co-operative banks viz. Chandigarh State Co-op. Bank, Punjab State Co-op Bank and Haryana State Co-op. Bank and a District Level Co-op. Bank named Ropar Central Co-op Bank with 46 branches.
• Total Advances by Banks in Chandigarh as on 31.03.2020 is Rs. 84,224 crore.
• Total Deposits of Banks in Chandigarh as on 31.03.2020 is Rs. 74,511 crore.
• Overall CD Ratio in Chandigarh as on 31.03.2020 was 113.04%. CD ratio in Chandigarh is well above the national goal of 60%.
• Under Priority Sector Advances: there existed 57042 accounts in agriculture amounting Rs. 2041.90 crore, 64583 entrepreneurs were funded under MSME with Rs. 11174.89 crore while in other priority sector 30494 borrowers were aided with Rs. 2746.50 crores as on 31.03.2020. As on 31.03.2020, 151788 borrowers were financed under total priority sector advances amounting Rs.15836.11.
• Agriculture Advances: under Farm Credit 55342 entities were granted loan amounting Rs. 728.03 crore, 274 borrowers were provided Rs. 552.49 crore as Agriculture Infrastructure and 1426 borrowers were provided with Ancillary agriculture loans worth Rs. 761.38 crore. Thus, total agriculture advances were extended to 57042 entities with Rs. 2041.90 crore as on 31.03.2020.
• The overall achievement of banks under Annual Credit Plan 2019-20 up to March, 2020 was 100.94% the achievement under Agriculture, MSME and Other Priority Sector was 72.10%, 115.15%and 84% respectively.
• Banks in Chandigarh opened 2,53,967 accounts under PRADHAN MANTRI JAN-DHAN YOJANA (PMJDY) AS ON 31.03.2020.
• Under PMSBY the banks have enrolled 2,00,050 persons, under PMJJBY enrolled 68,291 persons and in Atal Pension Yojana (APY) enrolled 26,771 persons up to 31st March, 2020.
• Pradhan Mantri MUDRA Yojana was launched to ?fund the un-funded? by bringing such enterprises to the formal financial system and to extend affordable credit to them. The banks in Chandigarh have given loan amount of 452.71 crores to 23919 persons under MUDRA Scheme.
• The ?Stand Up India? Programme launched by Hon?ble Prime Minister of India on 5th April 2016, has achieved since inception of the scheme Banks in Chandigarh have given loan under Stand Up India to 231 beneficiaries amounting to Rs 288857 lakhs.