Priority Sector, Need Importance and classifications

Before Nationalization of Indian Banks, some sectors such as agriculture and small scale industries were Ignored/least cared by the financial institution even though these sectors were inevitable for the nations development. The meeting of National Credit Council held in July 1968 emphasized that commercial bank should increase their lending to priority sector, viz, agriculture and small scale industries

Important points

• Description of priority sector formalized in 1972 based on the report submitted by an informal study group on statistics relating to priority sector.
• In November 1974 banks were advised to raise the share of these sector in their aggregate advances to level of 33 1/3 % by march 1979 and subsequently to 40% by 1980
•  Twenty point economic programme by banks Dr.K.S.Krishnaswamy

Categories under priority sector

• Agriculture
• Micro small enterprises
• Education
• Housing
• Export credit
• Others

Targets/Sub targets for priority sector

Total priority Sector -40% of Adjusted Net Bank Credit(ANBC) or credit equivalent amount of off balance sheet exposure which ever is higher

(ANBC

Total Agriculture -18% of ANBC or credit equivalent amount of off balance sheet exposure which ever is higher, of this 4.5% is maximum indirect lending

Read More about AFO interview preparation

Banking News

• United Bank of India CMD Smt.Archana Bhargava resigned followed by the mounting NPA of the bank. United Bank of India is a Kolkatta Based public sector Bank   

read more about AFO interview preparation

Roles and responsibilities of an Agricultural Field Officer

The major Roles are mentioned below

• Promote banks loan products in rural areas and to Farmers
• Meet and maintain good relationship with farmers and thereby generate Leads
• Pre sanction inspection
• Followup in case of recovery

Loan product mainly include the lending related to Agriculture finance and micro finance. The Agriculture loans include Crop Loans/Kissan Credit Card (KCC), Term Loans for development activities, Farm house construction and project finance.

AFO should be in touch with farmers, they are the one having field knowledge and he/she should disseminate knowledge to the farmers. The role is not only limited to granting of loan they have to ensure the proper recovery of loan and getting the acknowledgement of debt (AOD)

Before the sanction of loan the AFO has to visit the farm and evaluate the things.

As the Govt.of India has introduced the scheme of Financial inclusion activity we have to work for the same. Selling of Financial inclusion products like Micro Insurance i.e Insurance with small premium, No frill savings bank account, Co ordinate business correspondence

The growth channel of an AFO compared to other generalist/specialist officers is more as we are directly in to credit we will get more exposure  

Read more about AFO interview preparation

Probationary Agriculture Officer-(Scale-1) in South Indian Bank

South Indian Bank Limited is a private sector bank headquartered at Thrissur City in Kerala, India. South Indian Bank has 750 branches spread across more than 26 states and union territories in India. 

SIB is called for the post of Probationary Agriculture Officer-(Scale-1)


Eligibility: 

• Should have passed BSc/BTech/BE in Agriculture/Forestry/Horticulture with more than 60% marks.         

           OR

• Graduation with more than 60% marks
  AND
  MBA/PGDM/PGDBM/PGPM in Agri.Business Management with more than 60% marks
  from ICAR approved Universities.

Other Information

• Last date of Application   : 27.07.2013
• Application fee                :500( Gen) 250 SC/ST

Detailed advertisement visit SIB Site

Canara Bank provisionally selected candidates Specialist Officer 2013

CANARA BANK SO 2013

Dear All,

Those who selected for canara Bank specialist Officer Share your views here.

IBPS SO 2013 survey result

Dear All

The IBPS has announced its final result on June 3rd week, now candidate are waiting for the allotment to happen. This survey may help you to get an idea about the score others have obtained.

To view the survey result click here

Also request you to post your response here

Thank you

IBPS SO 2013 - VACANCIES

IBPS has announced the vacancies available in participating organisations under specialized cadre.
This vacancies are tentative.

IBPS SO 2013 interview Result

Dear All,


Combined score for IBPS SO publised

Click here for checking your score

Share your score by commenting below

Notification regarding available vacancies in participating banks are also available click here to view


Sharing score will enable us to decide our next decision as some candidates are already employed they can resign from the current job

Please share your score in the below link

https://docs.google.com/forms/d/1bggMBT6jZ12nVPR91asdNQQR_JFYxLnAzKf2H5tpGtc/viewform

You can see the response in the below link

https://docs.google.com/spreadsheet/ccc?key=0ArWGazhRd5v0dDl0bVE0eVdBdHNDVld0MmlaelMzSmc&usp=sharing

Public Sector Bank Branches in different States

Dear All,

It is always better to select the bank which is having more branches in your area.

Moreover getting details regarding exact number of branches is difficult.

Better go for banks having Head office in your near area also consider the image of bank among public.

Visit the below link to get approximate idea about Public Sector Banks branches in your Area

PSB branches in different states

Only few banks are currently included in the above link, Keep visit this site to get updates

Share your IBPS AFO 2013 combined Score

Dear All,

Please share your IBPS combined score after your interview score out. This would be helpful for us to decide our future plan. Please comment your score below

PH category candidates appeared for the post of IT Officer scale 1, please share your score below

https://docs.google.com/forms/d/1U_4Vt3_bImKPPUlik8KEsgI1JbipCmYC4nR1gPR4Onc/viewform?pli=1


Other can share the score in below link

https://docs.google.com/forms/d/1bggMBT6jZ12nVPR91asdNQQR_JFYxLnAzKf2H5tpGtc/viewform

You can see the response in the below link

https://docs.google.com/spreadsheet/ccc?key=0ArWGazhRd5v0dDl0bVE0eVdBdHNDVld0MmlaelMzSmc&usp=sharing

How to Choose Bank for Specialist Officers

Dear Aspirant,

I believe most of you have completed your CWE and interview part. The Next Step is Combined score issued by IBPS. Which we are expecting on 3rd week of June 2013.

You should be more careful while selecting your bank because as an officer the chance for movement across India is more

The point you should take care before giving preference are bvelow

• Career opportunities in the bank

• Presence of the bank in your area.( i.e for North Indian people always better North based bank and for south South Based banks are better because branches will be more in the respective areas)

• The performance of bank

The area of specialization also you have to consider for example if you are applied for IT officer the exposure of company towards new technology, For AFO, kind of agriculture products banks having and presence of bank in farmers mind....

To be continued...............

with more suggestions and statistics

AFO interview preparation Last Moment

Go through the below terms before interview

Kissan Credit Card
Self Help Group
Joint Liability Group
Role of NABARD
District Level Technical Committee
Priority Sector Lending - Targets and Sub Targets
MSME

Roles and responsibilities of AFO

• Promote banks loan products in rural areas and to Farmers
• Meet and maintain good relationship with farmers and thereby generate Leads
• Pre sanction inspection
• Followup in case of recovery

Any other doubt regarding Agri finance, comment below

View approximate IBPS SO score

Step 1

Click below and fill the details...

https://docs.google.com/forms/d/1z_Gwp43rfi63_GljTZt0p9OP6R7y1WqbZEl8O7ogdEM/viewform

Step 2

Then find your score by clicking the below

https://docs.google.com/spreadsheet/ccc?key=0ArWGazhRd5v0dDhqUUVtWWMwcDQwVVBPMEVzMUdPWFE&usp=sharing



There will be a delay of 55 min. for knowing your aprx. score