[lg policy] Karnataka Chief Minister Slams Banks for Not Implementing 3 Language Policy

[Harold Schiffman]

Karnataka Chief Minister Slams Banks for Not Implementing 3 Language Policy


[image: Karnataka Chief Minister Slams Banks for Not Implementing 3
Language Policy]

File Photo: Karnataka Chief Minister Siddaramaiah
*Bengaluru: * Karnataka Chief Minister Siddaramaiah today lambasted banks
for not implementing the compulsory three-language policy in the state and
asked them to henceforth ensure that they recruit staff who know Kannada.

"Our Government is committed to protecting and encouraging the art, culture
and rich heritage of our state. Since Kannada is the administrative
language in Karnataka... government wishes to take firm steps for
implementing Kannada in all official activities," he said, speaking at the
132nd state level Bankers' committee meeting.

The CM said his government wanted to encourage use of Kannada in day to day
banking activities. "It is required to ensure that employment opportunities
are expanded for persons knowing Kannada in the banking services."

"It has been observed that banks, while preparing challans, passbooks, loan
applications, account opening forms, fixed or term deposit certificates are
not practicing the compulsory "Tribhasha Sutra (three language policy)," he
said.

Hence, the facilities provided by nationalised banks and local banks are
not reaching the rural masses, he said.

On the drought situation in the state and increasing incidents of farmer
suicides, he urged banks to extend a helping hand to farmers in distress to
enable them come out of the crisis and avoid taking the extreme step.

He said the average loan amount of a farmer for a long time has been around
Rs. 30,000 to Rs. 35,000, which is "very low" and suggested that they
should get need-based credit to cover their activities to increase
productivity and income.

"Banks need to become more pro-active in addressing this issue as also in
releasing the full quantum of loans, which is not being done in spite of
subsidy and margin money being released by the Government," Mr Siddaramaiah
added.

Expressing surprise that the Credit-Deposit ratio of the state was
constantly static, he said that since the last few years it was ranging
between 73 per cent to 76 per cent.

"Bankers must endeavor to initiate steps to increase CD Ratio by stepping
up lending under all priority sectors."

Advising bankers to formulate a creative annual credit plan facilitating
investment in high-tech agriculture, he said they should think of a
paradigm shift in approach to agriculture so that the constant dependence
on favorable monsoon reduces.

"Considering the demand under critical sector, I request bankers to
intensify financing under the sector, particularly towards weaker sections
of society in rural areas, which has to be closely reviewed by the state
level Bankers' Committee," he said.

http://www.ndtv.com/karnataka-news/karnataka-chief-minister-slams-banks-for-not-implementing-3-language-policy-1219206
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