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PAPER PRESENTATION
ONTHE ILLUSION OF FINANCIAL
INCLUSION
NAME : B.N. RAVI SHANKER
DESIGNATION : RESEARCH SCHOLAR
UNIVERSITY : OSMANIA UNIVERSITY, HYDERABAD
EMAIL :[email protected]
MOBILE : 9866505094
mailto:[email protected]:[email protected]:[email protected]:[email protected]7/23/2019 The Illussion of Financial Inclusion
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IS FINANCIAL INCLUSION AN ILLUSION
Prof. M. Sulochana*
B.N. Ravi Shanker**
INTRODUCTION:
Financial Inclusion means delivery of financial services, at affordable cost, to
sections of disadvantaged and low income segments of society. The main objective of
financial inclusion is to provide a basic no-frills banking account. The concept has been
launched in India in the year 2004 by RBI by setting up a khan commission with a
view to provide financial services for the vulnerable groups. It has guided many
commercial banks and financial institutions to achieve 100% financial inclusion.
NEED FOR THE STUDY:
It is right time now, after a lapse of 8 years of the launch of Financial Inclusion
project, to review the performance leading to success or failure of the project. A third of
the country's 623 districts in 18 states and six union territories today claim to have
achieved 100% financial inclusion. Further, every district in Haryana, Himachal Pradesh,
Karnataka, Kerala, Uttarakhand and Goa has reported complete financial inclusion.
But, on the other hand there are criticisms that the 100% financial inclusion claim
is bit of a myth. Nearly 80% of the Indian population is still without life, health andnon-life insurance coverage. While life insurance penetration is 4%, non-life cover is
even lower at 0.6%. The per capita spend on life and non-life insurance is just
aboutRs2, 000 and Rs300, respectively, compared with a global average of at least Rs18,
000 and Rs13, 000. Another hard to digest reality is that out of the 660,000 habitations
in India with a population of 100 or more millions, only 33,000 have a commercial
bank branch. That's approximately one branch for every 20 habitations.
The jugglery of statistics can be used for either success or failure of the scheme.
Many finance pundits regret that the noble scheme of financial inclusion, with lofty
objectives is faltering and remained a dismal.
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STATEMENT OF THE PROBLEM:
The first basic product of Financial Inclusion is bank account for each family.
RBIs 2005 initiative to introduce no frill accounts where no introductory deposit or verylow minimum balances were to be maintained, proved very effective as the banking
system has opened 103 million no frill accounts as on 31.3.2012. But a close look at
the figures by scrutinizing the data district-wise, village-wise and population-wise, the
picture is not very encouraging. A pilot study of bank accounts opened under FI by the
SBI in Telangana region is made, to find out if the target accounts are opened. The total
figure of accounts opened may distort the reality. It is in this background that the present
study to review the progress of one of the components of financial inclusion viz. opening
of bank accounts for every family, to identify problems and chalk out a plan for better
results, assumes importance.
The study is based on secondary data from RBI Reports, State Bank of India
reports.
OBJECTIVES:
The study aims to find out the reach of the banking system to the disadvantaged
in Telangana region and also to find out the factors responsible for success or failure of
the scheme of financial inclusion;
SCOPE:
The scope of the study is limited to Telangana region in Andhra Pradesh. Further,
only one of the three components of FI viz. Opening of bank accounts under Financial
inclusion scheme in Telangana region till 31, March 2012 is covered.
SOURCES OF DATA: Secondary data is used for the study.
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FINDINGS & SUGGESTIONS:
Table No.1:
STATE BANK OF INDIA
DISTRICT WISE BANK ACCOUNTS
S.NO
NAME OF THE
DITRICT POPULATION BANK A/C`s OPENED
1 RANGA REDDY 5,296,396 3650
2 WARANGAL 3,522,644 78384
3 KARIMNAGAR 3,811,738 6920
4 KHAMMAM 2,798,214 2207
5 MEDAK 3,031,877 35494
6 ADILABAD 2,737,738 1317
7 MAHUBABNAGAR 4,042,191 53080
8 NIZAMBAD 2,555,073 2800
9 NALGONDA 3,483,648 40631
TOTAL 31,279,519 224483
Table No.2:
STATE BANK OF INDIA
RATIO OF POPULATION TO No. of BANK A/C `s
S.NO NAME OF THEDITRICT POPULATION
BANK
A/C`sOPENED RATIO OF POPULATION TONo. of BANK A/C `s
1 RANGA REDDY 5,296,396 3650 1451:1
2 WARANGAL 3,522,644 78384 45:1
3 KARIMNAGAR 3,811,738 6920 551:1
4 KHAMMAM 2,798,214 2207 1267:1
5 MEDAK 3,031,877 35494 85:1
6 ADILABAD 2,737,738 1317 2078:1
7 MAHUBABNAGAR 4,042,191 53080 76:1
8 NIZAMBAD 2,555,073 2800 913:1
9 NALGONDA 3,483,648 40631 85:1
TOTAL 31,279,519 224483 139:1
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There are 9 districts in Telangana region with a population of 3,12,79,519. Thenumber of banks accounts opened till 31-3-2012 in the Telangana region were
2,24,483. A ratio of population to the bank accounts opened in each of the 9
districts is calculated in order to get an idea about number of accounts yet to be
opened.
Further, an estimate of the number of families residing in each district is made onthe assumption that there may be 6 members, on an average in each family.
Based on the estimate the percentage of families covered for bank account opening
purpose.
Table no 1, 2, and 3 give a picture about a number of bank accounts opened ineach district, ratio of population to number of bank accounts and percentage of
families covered for bank account opening. It may be observed from table no 1that Warangal tops the list regarding the number of bank accounts opening
followed by Mahabubnagar and Nalgonda district.
Least number of accounts opened in Adilabad though the population is above 27lakhs. Khammam and Nizambad districts also not covered well.
Though Warangal appears to be better than others as far as bank accountsconcerned. Only 45 persons have an bank account opened. Mahabubnagar,
Nalgonda and Medak fall in the second place where in 76:1, 85:1, 85:1 are the
ratios of population to bank accounts opened.
As already mentioned no of families are calculated based on the assumption that6 member make a family on an avg. And % of families covered for bank
accounts opening is given in the table no. 3. The district fall in the same order,
Warangal being on the top followed by MBNR & Medak, Nalgonda with 13.35%
7.87% 7.0.2% and 6.99% of the families covered for bank accounts opening.
An in depth study is made to find out the no. of accounts opened in each villageunder each of 9 districts. Of the 9 districts Warangal is the biggest district. With
95 villages and hearing a population of 3,522,644 and with total no. of bank
accounts 78384. But surprisingly there are 17 villages in which no single account
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is opened till 31/03/2012. In other words 18% of the villages in Warangal district
are not touched by Banking system.
Mahabubnagar is the second biggest district with 91 villages having a populationof 4,042,191 with 53080 bank accounts. Though it appears that Mahabubnagar
district have achieved a moderate progress. There are 22% villages which have
nil bank accounts.
Medak takes third place with 61 villages, 35,494 bank accounts for a populationof 3,031,877. 13% of the villages under Medak district do not have even a single
bank account.
Karimnagar has the 21 villages with a population of 3,811,738 and 6920 bankaccounts. In this district 24% ( 5 ) of the villages are not covered by the banks.
Khammam has 14 villages with 2,798,214 population and 2207 bank accounts. Inthis district 29% of the villages are not covered by the banks.
Adilabad has 5 districts out of which 2 villages do not have single bank account.Amounting to 40% of the villages with nil bank accounts.
Nizamabad has 9 villages out of which 2 villages (i.e., 22%) of the villages arenot touched by the banks.
Rangareddy district has only 4 villages out of which 2 villages (i.e., 50%) of thevillages do not have bank accounts.
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CHALLENGES:
An informal interview with bank officials reveal reasons for low achieved of
targets, some of which are internal and others external which are discussed below.
Low returns Poor repayment Low potentiality Scalability Absence of appropriate technology Absence of reach and coverage Leverage of adequate supportive infrastructure Lack of suitable financial products. Less participatory by all Flawed delivery mechanism Lack of appropriate model Lack of awareness by the people
CONCLUSIONS:
Many of the poor are still "unbanked." Men and women in rural towns need to
travel hundreds of miles to the nearest bank in order to safely receive money from
overseas relatives. Further, farmers do not have insurance for their crops when floodsand drought wipe out their earnings. Without access to savings accounts, loans and
remittances, people have a hard time managing their finances, coping with risks and
disasters, and improving their economic opportunities.
Though the packages for financial inclusion are novel and even welcome, thedelivery mechanisms have not changed. In the absence of income security, financial
inclusion becomes very difficult to achieve. Many of these packages fail to address the
fluctuating nature of livelihood. Many, like microfinance credit, push them further into
dependence rather than address the basic problem of pulling them out of financial oreconomic distress.
There is a long way to go for achieving 100% financial inclusion. All the
stakeholders in the project have to make long strides in the direction of 100% success.
**************
*Professor & Former Dean, Faculty of Commerce, Osmania university, Hyd.
** Ph.D Research Scholar, Dept. of Commerce, Osmania university, Hyd.
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ANNEXURES:
Table No.5:
STATE BANK OF INDIABANK ACCOUNTS OPENED IN VILLAGES UNDERRANGA REDDY DISTRICT
WITH A POPULATION OF 2000
S.NO
.
NAME OF THE
VILLAGE
BANK A/C`S OPENED
TILL 31-3-2012
TARGET ACHIEVED/NOT
ACHIEVED
1 ATEVELLE 3088 ACHIEVED
2 GIMAPUR 0 NOT ACHIEVED
3 KANDLAKOY 562 NOT ACHIEVED
4 SRIRANGAVARAM 0 NOT ACHIEVED
TOTAL 3650
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Table No.6:
STATE BANK OF INDIA
BANK ACCOUNTS OPENED IN VILLAGES UNDERWARANGAL DISTRICTWITH A POPULATION OF 2000
S.N
O.
NAME OF THE
VILLAGE
BANK A/C`S OPENED
TILL 31-3-2012
TARGET ACHIEVED/NOT
ACHIEVED
1 ABBAIPALEM 635 NOT ACHIEVED
2 AINAPUR 410 NOT ACHIEVED
3 ANEPURAM 617 NOT ACHIEVED
4 BAIRANPALLE 0 NOT ACHIEVED
5 BANDOUTHAPURAM 971 NOT ACHIEVED
6 BOLLEPALLI 763 NOT ACHIEVED
7 CHEETURU 0 NOT ACHIEVED
8 CHELPUR 0 NOT ACHIEVED
9 CHINNANAGARAM 1828 ACHIEVED
10 CHUNCHANAKOTA 473 NOT ACHIEVED
11 DAMMANNAPET 0 NOT ACHIEVED
12 DHARMARAM 868 NOT ACHIEVED
13 DHARMARAOPET 1013 ACHIEVED
14 EDUNUTHALA 2302 ACHIEVED
15 EJERLA 290 NOT ACHIEVED
16 GANTLAKUNTA 0 NOT ACHIEVED
17 GUNDEPUDI 926 NOT ACHIEVED
18 ISSIPET 580 NOT ACHIEVED
19 JADALPET 1042 ACHIEVED
20 JAGGAIAHPET 1242 ACHIEVED
21 JANGEDU 11275 ACHIEVED
22 JANGEDU 0 NOT ACHIEVED
23 JANGLIGONDA 675 NOT ACHIEVED
24 JAYAPURAM 380 NOT ACHIEVED
25 JOOKAL 622 NOT ACHIEVED
26 KAKKIRALAPALLE 881 NOT ACHIEVED
27 KANAPARTHY 1064 ACHIEVED
28 KANNEGUNDLA 755 NOT ACHIEVED
29 KATKOOR 387 NOT ACHIEVED
30 KATRIAL 1213 ACHIEVED
31 KESHAVPUR 346 NOT ACHIEVED
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32 KODAVATANCHA 838 NOT ACHIEVED
33 KOLANPALLE 903 NOT ACHIEVED
34 KOMMULAVANCHA 972 NOT ACHIEVED
35 KOMPALLY 1193 ACHIEVED
36 KONDAPUR 582 NOT ACHIEVED37 KONDURU 746 NOT ACHIEVED
38 KONNE 1015 ACHIEVED
39 LINGAGIRI 605 NOT ACHIEVED
40 LINGAMPALLE 904 NOT ACHIEVED
41 MADANTHURTHY 0 NOT ACHIEVED
42 MADATHAPALLE 0 NOT ACHIEVED
43 MADDUR 1440 ACHIEVED
44 MALLIKUDURLA 94 NOT ACHIEVED
45 MANNEGUDEM 0 NOT ACHIEVED
46 MECHARAJUPALLI 709 NOT ACHIEVED
47 MOTLAPALLY 320 NOT ACHIEVED
48 MUDUPUGAL 1139 ACHIEVED
49 MULKALAPALLE 1287 ACHIEVED
50 MUNIGALAVEDU 2082 ACHIEVED
51 MUPPARAM 213 NOT ACHIEVED
52 MURIPIRALA 562 NOT ACHIEVED
53 MUTHOJIPET 0 NOT ACHIEVED
54 MYLARAM 862 NOT ACHIEVED
55 NAGAPURI 1295 ACHIEVED
56 NAINALA 647 NOT ACHIEVED
57 NANDANAM 81 NOT ACHIEVED
58 NANDIGAMA 232 NOT ACHIEVED
59 NARAYANAGIRI 1408 ACHIEVED
60 NEELAKURTHY 0 NOT ACHIEVED
61
PADAMAPATI
KESHAVAPUR 685 NOT ACHIEVED
62
PAKHAL-
ASHOKNAGAR 1301 ACHIEVED63 PALIVELPULA 893 NOT ACHIEVED
64 PATTIPAKA 801 NOT ACHIEVED
65 PEDDA KODEPAKA 509 NOT ACHIEVED
66 PEDDAPAHAD 485 NOT ACHIEVED
67 PEDDAPUR 1466 ACHIEVED
68 PEECHARA 0 NOT ACHIEVED
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69
PERUMANDLA
SANKESA 1390 ACHIEVED
70 PIDICILLA 999 NOT ACHIEVED
71 POCHAMPALLI 1995 ACHIEVED
72 PULIGILLA 311 NOT ACHIEVED
73 RAJULAKOTHAPALLE 986 NOT ACHIEVED
74 RAJUPET 930 NOT ACHIEVED
75 RAMAVARAM 1959 ACHIEVED
76 RANGAPUR 0 NOT ACHIEVED
77 RANGAPURAM 617 NOT ACHIEVED
78 RANGAPURAM 1293 ACHIEVED
79 REBARTHY 609 NOT ACHIEVED
80 RELAKUNTA 1559 ACHIEVED
81 REPAKA 836 NOT ACHIEVED
82 SANNUR 1126 ACHIEVED
83 SHAMIRPET 0 NOT ACHIEVED
84 SRIRAMGIRI 892 NOT ACHIEVED
85 TAHARAPUR 0 NOT ACHIEVED
86 TALLAPOOSAPALLE 388 NOT ACHIEVED
87 THIRMALAPALLE 432 NOT ACHIEVED
88 ULLEPALLI 451 NOT ACHIEVED
89 VAVILALA 0 NOT ACHIEVED
90 VECHARENI 212 NOT ACHIEVED
91 VEERAVARAM 1632 ACHIEVED
92 VELDHI 128 NOT ACHIEVED
93 VEMULAPALLI 752 NOT ACHIEVED
94 YERRA GOLLAPAHAD 0 NOT ACHIEVED
95 YERRABALLIGUDEM 1060 ACHIEVED
TOTAL78384
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Table No.7:
STATE BANK OF INDIA
BANK ACCOUNTS OPENED IN VILLAGES UNDERKARIMNAGARDISTRICT WITH APOPULATION OF 2000
S.NO.
NAME OF THE
VILLAGE
BANK A/C`S OPENED TILL
31-3-2012
TARGET ACHIEVED/NOT
ACHIEVED
1 AREPALLI 2507 ACHIEVED
2 BADNAKAL 163 NOT ACHIEVED
3 CHELGAL 128 NOT ACHIEVED
4 CHIKODU 983 NOT ACHIEVED
5 DHARUR 167 NOT ACHIEVED
6 JABITHAPUR 163 NOT ACHIEVED
7 KANNALA 268 NOT ACHIEVED
8 MADDUNOOR 282 NOT ACHIEVED
9 MALKAPUR 128 NOT ACHIEVED
10 MALLAREDDIPET 0 NOT ACHIEVED
11 MOTHE 323 NOT ACHIEVED
12 NAGUNOOR 0 NOT ACHIEVED
13 NAMAPURAM 365 NOT ACHIEVED
14 NARSINGAPUR 170 NOT ACHIEVED
15 NEDUNOOR 0 NOT ACHIEVED
16 REKURTHI 350 NOT ACHIEVED
17 RENUKUNTA 0 NOT ACHIEVED
18 THERLAMADDI 398 NOT ACHIEVED
19 THIPPENNAPET 177 NOT ACHIEVED
20 VACHUNOOR 0 NOT ACHIEVED
21 VENUGUMETLA 348 NOT ACHIEVED
TOTAL 6920
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Table No.8:
STATE BANK OF INDIA
BANK ACCOUNTS OPENED IN VILLAGES UNDERKHAMMAM DISTRICT WITH APOPULATION OF 2000
S.N
O.
NAME OF THE
VILLAGE
BANK A/C`S OPENED
TILL 31-3-2012
TARGET ACHIEVED/NOT
ACHIEVED
1 BANAURAM 177 NOT ACHIEVED
2 CHALLASAMUDRAM 80 NOT ACHIEVED
3 EDAVALLI 108 NOT ACHIEVED
4 ESWARAMADARAM 0 NOT ACHIEVED
5 GANDASIRI 0 NOT ACHIEVED
6 JUJJULARAOPETA 0 NOT ACHIEVED
7 KAMALAPURAM 187 NOT ACHIEVED
8 KAMBALAPALLE 320 NOT ACHIEVED
9 MEENAVOLE 447 NOT ACHIEVED
10 PARUPALLI 177 NOT ACHIEVED
11 PEDA GOPARAM 53 NOT ACHIEVED
12 POCHARAM 290 NOT ACHIEVED
13 THIRTHALA 368 NOT ACHIEVED
14 VISWANADHAPALLE 0 NOT ACHIEVED
TOTAL 2207
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Table No.9:
STATE BANK OF INDIA
BANK ACCOUNTS OPENED IN VILLAGES UNDERMEDAKDISTRICT WITH APOPULATION OF 2000
S.N
O.
NAME OF THE
VILLAGE
BANK A/C`S OPENED
TILL 31-3-2012
TARGET ACHIEVED/NOT
ACHIEVED
1 ALLIPUR 810 NOT ACHIEVED
2 ALMAIPET 905 NOT ACHIEVED
3 ANKIREDDYPALLI 1238 ACHIEVED
4 BACHEPALLY 721 NOT ACHIEVED
5 BANDARAM 0 NOT ACHIEVED
6 BONTHAPALLY 145 NOT ACHIEVED
7 CHANDAMPET 721 NOT ACHIEVED
8 CHANDLAPUR 1116 ACHIEVED
9 CHEELASAGAR 309 NOT ACHIEVED
10 CHERIYAL 0 NOT ACHIEVED
11 CHILIPCHED 0 NOT ACHIEVED
12 CHINNA SHIVNOOR 310 NOT ACHIEVED
13 DAMARAKUNTA 0 NOT ACHIEVED
14 DAPPUR 279 NOT ACHIEVED
15 DOMADUGU 6 NOT ACHIEVED
16 ELMAKANNA 849 NOT ACHIEVED
17 FASALWADI 348 NOT ACHIEVED
18 GHANPUR 584 NOT ACHIEVED
19 GOJWADA 240 NOT ACHIEVED
20 GOLLAPALLE 479 NOT ACHIEVED
21 ITIKYAL 1511 ACHIEVED
22 JAGDEVPUR 6382 ACHIEVED
23 JAKKAPUR 550 NOT ACHIEVED
24 KAGAZMADDUR 51 NOT ACHIEVED
25 KALABGOOR 150 NOT ACHIEVED
26 KALIVEMULA 0 NOT ACHIEVED
27 KANCHANPALLY 857 NOT ACHIEVED
28 KANUKUNTA 313 NOT ACHIEVED
29 KHAJAPUR 155 NOT ACHIEVED
30 KHAMMAPALLI 377 NOT ACHIEVED
31 KOLGUR 67 NOT ACHIEVED
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32 KONDAPUR 447 NOT ACHIEVED
33 KYSARAM 72 NOT ACHIEVED
34 LAKDARAM 1431 ACHIEVED
35 MAKKARAJPET 478 NOT ACHIEVED
36 MAREPALLE 262 NOT ACHIEVED37 MARIDI 1213 ACHIEVED
38 MARPADAGA 911 NOT ACHIEVED
39 MASAN PALLE 313 NOT ACHIEVED
40 MOHAMMEDNAGAR 204 NOT ACHIEVED
41 NAGDHAR 1193 ACHIEVED
42 NANDIGAMA 923 NOT ACHIEVED
43 NARMETTA 0 NOT ACHIEVED
44 PIDCHED 1082 ACHIEVED
45 RAGHAVAPUR 835 NOT ACHIEVED
46 RAJILAPUR 0 NOT ACHIEVED
47 RAMANCHA 623 NOT ACHIEVED
48 RAVELLI 407 NOT ACHIEVED
49 REDDIPALLE 50 NOT ACHIEVED
50 SALABATPUR 11 NOT ACHIEVED
51 SHNAKAPUR 364 NOT ACHIEVED
52 SIRISANAGANDLA 1333 ACHIEVED
53 SURARAM 593 NOT ACHIEVED
54 TENKATI 153 NOT ACHIEVED
55 THUNKI 0 NOT ACHIEVED
56 TOGURPALLI 594 NOT ACHIEVED
57 TUNKIKHALASA 243 NOT ACHIEVED
58 VAILAL 201 NOT ACHIEVED
59 VELTOOR 467 NOT ACHIEVED
60 VITTALAPUR 1165 ACHIEVED
61 WADIARAM 453 NOT ACHIEVED
TOTAL 35494
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Table No.10:
STATE BANK OF INDIA
BANK ACCOUNTS OPENED IN VILLAGES UNDERADILABAD DISTRICT WITH APOPULATION OF 2000
S.N
O.
NAME OF THE
VILLAGE
BANK A/C`S OPENED
TILL 31-3-2012
TARGET ACHIEVED/NOT
ACHIEVED
1 ANKOLI 0 NOT ACHIEVED
2 BADANKURTHI 0 NOT ACHIEVED
3 BARAMPUR 799 NOT ACHIEVED
4 MANDAPALLI 22 NOT ACHIEVED
5 RAJURA 496 NOT ACHIEVED
TOTAL 1317
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Table No.11:
STATE BANK OF INDIA
BANK ACCOUNTS OPENED IN VILLAGES UNDERMAHABUBNAGARDISTRICTWITH A POPULATION OF 2000
S.N
O.
NAME OF THE
VILLAGE
BANK A/C`S OPENED
TILL 31-3-2012
TARGET ACHIEVED/NOT
ACHIEVED
1 ALOOR 0 NOT ACHIEVED
2 AMARAVAI 346 NOT ACHIEVED
3 AMISTAPUR 274 NOT ACHIEVED
4 ANNASAGAR 2 NOT ACHIEVED
5 ANUGONDA 557 NOT ACHIEVED
6 APPAREDIPALLE 202 NOT ACHIEVED
7 ARGIDDA 1287 ACHIEVED
8 ARKAPALLE 271 NOT ACHIEVED
9 AUREPALLE 0 NOT ACHIEVED
10 BAPANAPALLI 197 NOT ACHIEVED
11 BHALLANPALL 278 NOT ACHIEVED
12 BINGIDODDI 1072 ACHIEVED
13 BOLLAMPALLE 1989 ACHIEVED
14 BOMMANPAD 0 NOT ACHIEVED
15 BORAVELLE 698 NOT ACHIEVED
16 BOYAPALLE (RURAL) 174 NOT ACHIEVED
17 BRAHMANAPALLE 579 NOT ACHIEVED
18 CHANDAPUR 182 NOT ACHIEVED
19 CHATANPALLE 221 NOT ACHIEVED
20 CHEGUR 0 NOT ACHIEVED
21 CHELIMILLA 814 NOT ACHIEVED
22 CHERUKUR 1436 ACHIEVED
23 CHINNA TANDRAPAD 460 NOT ACHIEVED
24 CHINNIPADU 307 NOT ACHIEVED
25 DHARMAPUR 599 NOT ACHIEVED
26 DOOSAKAL - NOT ACHIEVED
27 DOREPALLI 921 NOT ACHIEVED
28 GANGAVARAM 1814 ACHIEVED
29 GANTRAOPALLE 1546 ACHIEVED
30 GORLAKHANDODDI 1809 ACHIEVED
31 GUDUR 0 NOT ACHIEVED
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32 INDRAKAL 0 NOT ACHIEVED
33 JALLAPUR 0 NOT ACHIEVED
34 JULAKAL 577 NOT ACHIEVED
35 KAMMADANAM 463 NOT ACHIEVED
36 KAMSANIPALLE 138 NOT ACHIEVED37 KANCHIRAOPALLY 143 NOT ACHIEVED
38 KARNI 2190 ACHIEVED
39 KONKALA 887 NOT ACHIEVED
40 KUCHINERLA 1277 ACHIEVED
41 KUDIKILLA 0 NOT ACHIEVED
42 KUMMERA 411 NOT ACHIEVED
43 LATTUPALLE 994 NOT ACHIEVED
44 MAMIDIPALLE 234 NOT ACHIEVED
45 MANGANURU 2601 ACHIEVED
46 MANNAPUR 450 NOT ACHIEVED
47 MANTHENGOUD 712 NOT ACHIEVED
48 MARCHALA 1810 ACHIEVED
49 MARUMUNAGALA 0 NOT ACHIEVED
50 MOGALAMADKA 83 NOT ACHIEVED
51 NAGANUL 218 NOT ACHIEVED
52 NANDI WADDEMAN 832 NOT ACHIEVED
53 NANDINNE 1042 ACHIEVED
54 NARLAPURAM 326 NOT ACHIEVED
55 NEREDGAM 0 NOT ACHIEVED
56 PALWAL 323 NOT ACHIEVED
57 PANJUGUL 1292 ACHIEVED
58 PATCHARLA 989 NOT ACHIEVED
59 PEDATHANDRAPADU 564 NOT ACHIEVED
60 PENCHIKAPADU 0 NOT ACHIEVED
61 PERAPALLI 826 NOT ACHIEVED
62 POTHEPALLE 0 NOT ACHIEVED
63 PULLIKAL 648 NOT ACHIEVED
64 RACHALA 171 NOT ACHIEVED
65 RAMAPURAM 512 NOT ACHIEVED
66 RAMPUR 826 NOT ACHIEVED
67 RAYANPET 1027 ACHIEVED
68 RENVATLA 1564 ACHIEVED
69 SANKIREDDYPALLE 0 NOT ACHIEVED
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70 SATHAPUR 575 NOT ACHIEVED
71 SAVAIGUDEM 312 NOT ACHIEVED
72 SHAKHAPUR 255 NOT ACHIEVED
73 SIDDAPUR 284 NOT ACHIEVED
74 SIDDAPUR 1406 ACHIEVED75 TAKKASILA 952 NOT ACHIEVED
76 TANAGALA 897 NOT ACHIEVED
77 THARNIKAL 0 NOT ACHIEVED
78 THATIPAMULA 0 NOT ACHIEVED
79 THUMMALACHERUVU 935 NOT ACHIEVED
80 THUMMELLA 1276 ACHIEVED
81 TURKAPALLE 227 NOT ACHIEVED
82 VATHUGUNDLA 191 NOT ACHIEVED
83 VATTEM 0 NOT ACHIEVED
84 VELGONDA 0 NOT ACHIEVED
85 VELLTOOUR 0 NOT ACHIEVED
86 WADDEPALLI 192 NOT ACHIEVED
87 YADIREDDIPALLE 992 NOT ACHIEVED
88 YELLIKAL 1296 ACHIEVED
89 YELLURU 565 NOT ACHIEVED
90 YENDABETLA 171 NOT ACHIEVED
91 YENMANBETLA 389 NOT ACHIEVED
TOTAL 53080
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Table No.12:
STATE BANK OF INDIA
BANK ACCOUNTS OPENED IN VILLAGES UNDERNIZAMABAD DISTRICTWITH A POPULATION OF 2000
S.N
O.
NAME OF THE
VILLAGE
BANK A/C`S OPENED
TILL 31-3-2012
TARGET ACHIEVED/NOT
ACHIEVED
1 BADSI 0 NOT ACHIEVED
2 DESAIPET 378 NOT ACHIEVED
3 JANGAMAIPALLE 62 NOT ACHIEVED
4 KULASPUR 333 NOT ACHIEVED
5 MANAL 751 NOT ACHIEVED
6 MUDAKPALLI 0 NOT ACHIEVED
7 NALESHWAR 542 NOT ACHIEVED
8 SUDDULAM 366 NOT ACHIEVED
9 THIMMANAGAR 368 NOT ACHIEVED
TOTAL 2800
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Table No.13:
STATE BANK OF INDIA
BANK ACCOUNTS OPENED IN VILLAGES UNDERNALGONDA DISTRICT WITH A
POPULATION OF 2000
S.N
O.
NAME OF THE
VILLAGE
BANK A/C`S
OPENED TILL 31-3-
2012
TARGET ACHIEVED/NOT
ACHIEVED
1 BOLLANAPALLY 1164 ACHIEVED
2 CHEPUR 1916 ACHIEVED
3 CHERUVUANNARAM 707 NOT ACHIEVED
4 CHINAKAPRTHY 1161 ACHIEVED
5 CHINNAKONDUR 1366 ACHIEVED
6 DUGUNEVELLY 699 NOT ACHIEVED
7 ELIKATTE 773 NOT ACHIEVED
8 GAJULAMALKAPURAM 1013 ACHIEVED
9 GANDAMALLA 459 NOT ACHIEVED
10 GHANAPURAM 448 NOT ACHIEVED
11 INDUGULA 1126 ACHIEVED
12 K R C PURAM 1334 ACHIEVED
13 KARVIRALA 1116 ACHIEVED
14 KASARLAPAHAD 1185 ACHIEVED
15 KODURU 0 NOT ACHIEVED
16 KOKKIRENI 358 NOT ACHIEVED
17 KOMMALA 1184 ACHIEVED
18 KURUMARTHY 540 NOT ACHIEVED
19 LAKKARAM 443 NOT ACHIEVED
20 NARSING BATLA 1494 ACHIEVED
21 NERADA 393 NOT ACHIEVED
22 PALARAM 978 NOT ACHIEVED
23 PALLE PAHAD 297 NOT ACHIEVED
24 PALWAI 755 NOT ACHIEVED
25 PATHANGI 876 NOT ACHIEVED26 PEPAL PAHAD 746 NOT ACHIEVED
27 PRODDATUR 640 NOT ACHIEVED
28 PULIGILLA 838 NOT ACHIEVED
29 RAJUPETA 2175 ACHIEVED
30 RUSTAPUR 1301 ACHIEVED
31 SURVAIL 583 NOT ACHIEVED
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32 TALLAVELLAMLA 940 NOT ACHIEVED
33 TANGADPALLY 1039 ACHIEVED
34 THAKKALLAPAHAD 1077 ACHIEVED
35 THIMMAPURAM 1726 ACHIEVED
36 THOUKLAPUR 766 NOT ACHIEVED37 TUMMALAPENPAHAD 4266 ACHIEVED
38 V SINGAVARAM 993 NOT ACHIEVED
39 VADDIPATLA 378 NOT ACHIEVED
40 VALLAPURAM 882 NOT ACHIEVED
41 VEERA REDDY PALLE 496 NOT ACHIEVED
TOTAL 40631
REFERENCES:
www.sbi.com www.rbi.com Economic Times, Dated: Nov 25, 2009. ERNST & YOUNG, Dated May 10, 2010.
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