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SPECIAL COMMITTEE CONSTITUTED FOR MONITORING THE FLOW OF CREDIT IN THE ISLANDS:

In each block a meeting of the Bankers, Line Departments and People’s representatives are organized on a quarterly basis with participation of the Officials from the RBI, NABARD and Convener Bank, prior to the Apex Level Committee meetings. Presently such Block level Committees are not there in Lakshadweep. Therefore a decision has been taken by last DCC to constitute a Special Committee in each Island to monitor the flow of credit to various sectors as envisaged in the Banking credit plan. The constitution of the committee is as follows:

1. Nodal Officer of the Island representing the Administration - Chairman

2. SDO/Dy. Collector - Member/Alt. Chairman

3. Branch Manager, Syndicate Bank - Member

4. Chairman/Chairperson Village Dweep Committee - Member

5. One member of District Panchayat by rotation - Member

6. Officer i/c fisheries - Member

7. Officer i/c Agriculture - Member

8. Officer i/c Animal Husbandry - Member

9. Manager SBI - Member

10. Members from Active SHGs - (2-3) by rotation - Member

11.Branch Manager, UCO Bank - Member



About UTLBC

The entire group of islands is considered as one district for lead bank purposes. Syndicate Bank is the lead bank and convenor of the Union Territory of Lakshadweep Bankers’ Committee. Syndicate Bank has opened its first branch at Kavaratti in 1971 and is operating throughout the UTL with nine branches in nine major islands. State Bank of India opened its first branch in April 2005 at

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Deputy General Manager
Syndicate Bank, Regional Office,
Pioneer Towers, 1st Floor,
Shanmugam Road
Ernakulam – 682031.
0484 - 2367063 / 2360035 / 2369090
0484-2367235

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