PAPER PRESENTATION ON THE ILLUSION OF FINANCIAL INCLUSION

NAME DESIGNATION UNIVERSITY EMAIL MOBILE

: B.N. RAVI SHANKER : RESEARCH SCHOLAR : OSMANIA UNIVERSITY, HYDERABAD : rave.shanker19@gmail.com : 9866505094

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 and non-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.

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 very low 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.

FINDINGS & SUGGESTIONS: Table No.1: STATE BANK OF INDIA DISTRICT WISE BANK ACCOUNTS NAME OF THE DITRICT RANGA REDDY WARANGAL KARIMNAGAR KHAMMAM MEDAK ADILABAD MAHUBABNAGAR NIZAMBAD NALGONDA TOTAL

S.NO 1 2 3 4 5 6 7 8 9

POPULATION 5,296,396 3,522,644 3,811,738 2,798,214 3,031,877 2,737,738 4,042,191 2,555,073 3,483,648 31,279,519

BANK A/C`s OPENED 3650 78384 6920 2207 35494 1317 53080 2800 40631 224483

Table No.2: STATE BANK OF INDIA RATIO OF POPULATION TO No. of BANK A/C `s S.N O 1 2 3 4 5 6 7 8 9 NAME OF THE DITRICT RANGA REDDY WARANGAL KARIMNAGAR KHAMMAM MEDAK ADILABAD MAHUBABNAGAR NIZAMBAD NALGONDA TOTAL POPULA TION 5,296,396 3,522,644 3,811,738 2,798,214 3,031,877 2,737,738 4,042,191 2,555,073 3,483,648 31,279,519 BANK A/C`s OPENED 3650 78384 6920 2207 35494 1317 53080 2800 40631 224483 RATIO OF POPULATION TO No. of BANK A/C `s 1451:1 45:1 551:1 1267:1 85:1 2078:1 76:1 913:1 85:1 139:1

Table No.3: STATE BANK OF INDIA % OF FAMILIES COVERED FOR BANK A/c OPENING % OF FAMILIES COVERED FOR BANK A/c OPENING 0.413 13.35 1.08 0.47 7.02 0.28 7.87 0.65 6.99

S.NO 1 2 3 4 5 6 7 8 9

NAME OF THE DITRICT RANGA REDDY WARANGAL KARIMNAGAR KHAMMAM MEDAK ADILABAD MAHUBABNAGAR NIZAMBAD NALGONDA TOTAL

POPULATION 5,296,396 3,522,644 3,811,738 2,798,214 3,031,877 2,737,738 4,042,191 2,555,073 3,483,648 31,279,519

No. of FAMILIES 8,82,732 5,87,107, 6,35,289 4,66,369 5,05,312 4,56,289 6,73,698 4,25,845 5,80,608

Table No.4: STATE BANK OF INDIA PERCENTAGE OF VILLAGES WITH NIL BANK A/c'S No. oF VILLAGES WITH NIL BANK A/c'S 2 17 5 4 8 2 19 2 1 60

S.NO 1 2 3 4 5 6 7 8 9

NAME OF THE DITRICT RANGA REDDY WARANGAL KARIMNAGAR KHAMMAM MEDAK ADILABAD MAHUBABNAGAR NIZAMBAD NALGONDA TOTAL

No. oF VILLAGES 4 95 21 14 61 5 91 9 41 341

PERCENTAGE 50.0 17.9 23.8 28.6 13.1 40.0 20.9 22.2 2.4 17.6

 There are 9 districts in Telangana region with a population of 3,12,79,519. The number 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 on the 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 in each 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 1 that 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 27 lakhs. Khammam and Nizambad districts also not covered well.

Though Warangal appears to be better than others as far as bank accounts concerned. 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 that 6 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 village under 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

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 population of 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 population of 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 bank accounts. 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. In this 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 are not touched by the banks.

Rangareddy district has only 4 villages out of which 2 villages (i.e., 50%) of the villages do not have bank accounts.

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 floods and 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, the delivery 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 or economic 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.

ANNEXURES: Table No.5:

STATE BANK OF INDIA BANK ACCOUNTS OPENED IN VILLAGES UNDER RANGA REDDY DISTRICT WITH A POPULATION OF 2000 S.NO . 1 2 3 4 NAME OF THE VILLAGE ATEVELLE GIMAPUR KANDLAKOY SRIRANGAVARAM TOTAL BANK A/C`S OPENED TILL 31-3-2012 3088 0 562 0 3650 TARGET ACHIEVED/NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED

Table No.6: STATE BANK OF INDIA BANK ACCOUNTS OPENED IN VILLAGES UNDER WARANGAL DISTRICT WITH A POPULATION OF 2000 S.N O. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 NAME OF THE VILLAGE ABBAIPALEM AINAPUR ANEPURAM BAIRANPALLE BANDOUTHAPURAM BOLLEPALLI CHEETURU CHELPUR CHINNANAGARAM CHUNCHANAKOTA DAMMANNAPET DHARMARAM DHARMARAOPET EDUNUTHALA EJERLA GANTLAKUNTA GUNDEPUDI ISSIPET JADALPET JAGGAIAHPET JANGEDU JANGEDU JANGLIGONDA JAYAPURAM JOOKAL KAKKIRALAPALLE KANAPARTHY KANNEGUNDLA KATKOOR KATRIAL KESHAVPUR BANK A/C`S OPENED TILL 31-3-2012 635 410 617 0 971 763 0 0 1828 473 0 868 1013 2302 290 0 926 580 1042 1242 11275 0 675 380 622 881 1064 755 387 1213 346 TARGET ACHIEVED/NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED

32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68

KODAVATANCHA KOLANPALLE KOMMULAVANCHA KOMPALLY KONDAPUR KONDURU KONNE LINGAGIRI LINGAMPALLE MADANTHURTHY MADATHAPALLE MADDUR MALLIKUDURLA MANNEGUDEM MECHARAJUPALLI MOTLAPALLY MUDUPUGAL MULKALAPALLE MUNIGALAVEDU MUPPARAM MURIPIRALA MUTHOJIPET MYLARAM NAGAPURI NAINALA NANDANAM NANDIGAMA NARAYANAGIRI NEELAKURTHY PADAMAPATI KESHAVAPUR PAKHALASHOKNAGAR PALIVELPULA PATTIPAKA PEDDA KODEPAKA PEDDAPAHAD PEDDAPUR PEECHARA

838 903 972 1193 582 746 1015 605 904 0 0 1440 94 0 709 320 1139 1287 2082 213 562 0 862 1295 647 81 232 1408 0 685 1301 893 801 509 485 1466 0

NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED

69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95

PERUMANDLA SANKESA PIDICILLA POCHAMPALLI PULIGILLA RAJULAKOTHAPALLE RAJUPET RAMAVARAM RANGAPUR RANGAPURAM RANGAPURAM REBARTHY RELAKUNTA REPAKA SANNUR SHAMIRPET SRIRAMGIRI TAHARAPUR TALLAPOOSAPALLE THIRMALAPALLE ULLEPALLI VAVILALA VECHARENI VEERAVARAM VELDHI VEMULAPALLI YERRA GOLLAPAHAD YERRABALLIGUDEM TOTAL

1390 999 1995 311 986 930 1959 0 617 1293 609 1559 836 1126 0 892 0 388 432 451 0 212 1632 128 752 0 1060 78384

ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED

Table No.7: STATE BANK OF INDIA BANK ACCOUNTS OPENED IN VILLAGES UNDER KARIMNAGAR DISTRICT WITH A POPULATION OF 2000 NAME OF THE BANK A/C`S OPENED TILL VILLAGE 31-3-2012 AREPALLI 2507 BADNAKAL 163 CHELGAL 128 CHIKODU 983 DHARUR 167 JABITHAPUR 163 KANNALA 268 MADDUNOOR 282 MALKAPUR 128 MALLAREDDIPET 0 MOTHE 323 NAGUNOOR 0 NAMAPURAM 365 NARSINGAPUR 170 NEDUNOOR 0 REKURTHI 350 RENUKUNTA 0 THERLAMADDI 398 THIPPENNAPET 177 VACHUNOOR 0 VENUGUMETLA 348 TOTAL 6920 TARGET ACHIEVED/NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED

S.NO. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Table No.8: STATE BANK OF INDIA BANK ACCOUNTS OPENED IN VILLAGES UNDER KHAMMAM DISTRICT WITH A POPULATION OF 2000 S.N O. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 NAME OF THE VILLAGE BANAURAM CHALLASAMUDRAM EDAVALLI ESWARAMADARAM GANDASIRI JUJJULARAOPETA KAMALAPURAM KAMBALAPALLE MEENAVOLE PARUPALLI PEDA GOPARAM POCHARAM THIRTHALA VISWANADHAPALLE TOTAL BANK A/C`S OPENED TILL 31-3-2012 177 80 108 0 0 0 187 320 447 177 53 290 368 0 2207 TARGET ACHIEVED/NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED

Table No.9: STATE BANK OF INDIA BANK ACCOUNTS OPENED IN VILLAGES UNDER MEDAK DISTRICT WITH A POPULATION OF 2000 S.N O. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 NAME OF THE VILLAGE ALLIPUR ALMAIPET ANKIREDDYPALLI BACHEPALLY BANDARAM BONTHAPALLY CHANDAMPET CHANDLAPUR CHEELASAGAR CHERIYAL CHILIPCHED CHINNA SHIVNOOR DAMARAKUNTA DAPPUR DOMADUGU ELMAKANNA FASALWADI GHANPUR GOJWADA GOLLAPALLE ITIKYAL JAGDEVPUR JAKKAPUR KAGAZMADDUR KALABGOOR KALIVEMULA KANCHANPALLY KANUKUNTA KHAJAPUR KHAMMAPALLI KOLGUR BANK A/C`S OPENED TILL 31-3-2012 810 905 1238 721 0 145 721 1116 309 0 0 310 0 279 6 849 348 584 240 479 1511 6382 550 51 150 0 857 313 155 377 67 TARGET ACHIEVED/NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED

32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61

KONDAPUR KYSARAM LAKDARAM MAKKARAJPET MAREPALLE MARIDI MARPADAGA MASAN PALLE MOHAMMEDNAGAR NAGDHAR NANDIGAMA NARMETTA PIDCHED RAGHAVAPUR RAJILAPUR RAMANCHA RAVELLI REDDIPALLE SALABATPUR SHNAKAPUR SIRISANAGANDLA SURARAM TENKATI THUNKI TOGURPALLI TUNKIKHALASA VAILAL VELTOOR VITTALAPUR WADIARAM TOTAL

447 72 1431 478 262 1213 911 313 204 1193 923 0 1082 835 0 623 407 50 11 364 1333 593 153 0 594 243 201 467 1165 453 35494

NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED

Table No.10: STATE BANK OF INDIA BANK ACCOUNTS OPENED IN VILLAGES UNDER ADILABAD DISTRICT WITH A POPULATION OF 2000 S.N O. 1 2 3 4 5 NAME OF THE VILLAGE ANKOLI BADANKURTHI BARAMPUR MANDAPALLI RAJURA TOTAL BANK A/C`S OPENED TILL 31-3-2012 0 0 799 22 496 1317 TARGET ACHIEVED/NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED

Table No.11: STATE BANK OF INDIA BANK ACCOUNTS OPENED IN VILLAGES UNDER MAHABUBNAGAR DISTRICT WITH A POPULATION OF 2000 S.N O. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 NAME OF THE VILLAGE ALOOR AMARAVAI AMISTAPUR ANNASAGAR ANUGONDA APPAREDIPALLE ARGIDDA ARKAPALLE AUREPALLE BAPANAPALLI BHALLANPALL BINGIDODDI BOLLAMPALLE BOMMANPAD BORAVELLE BOYAPALLE (RURAL) BRAHMANAPALLE CHANDAPUR CHATANPALLE CHEGUR CHELIMILLA CHERUKUR CHINNA TANDRAPAD CHINNIPADU DHARMAPUR DOOSAKAL DOREPALLI GANGAVARAM GANTRAOPALLE GORLAKHANDODDI GUDUR BANK A/C`S OPENED TILL 31-3-2012 0 346 274 2 557 202 1287 271 0 197 278 1072 1989 0 698 174 579 182 221 0 814 1436 460 307 599 921 1814 1546 1809 0 TARGET ACHIEVED/NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED

32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69

INDRAKAL JALLAPUR JULAKAL KAMMADANAM KAMSANIPALLE KANCHIRAOPALLY KARNI KONKALA KUCHINERLA KUDIKILLA KUMMERA LATTUPALLE MAMIDIPALLE MANGANURU MANNAPUR MANTHENGOUD MARCHALA MARUMUNAGALA MOGALAMADKA NAGANUL NANDI WADDEMAN NANDINNE NARLAPURAM NEREDGAM PALWAL PANJUGUL PATCHARLA PEDATHANDRAPADU PENCHIKAPADU PERAPALLI POTHEPALLE PULLIKAL RACHALA RAMAPURAM RAMPUR RAYANPET RENVATLA SANKIREDDYPALLE

0 0 577 463 138 143 2190 887 1277 0 411 994 234 2601 450 712 1810 0 83 218 832 1042 326 0 323 1292 989 564 0 826 0 648 171 512 826 1027 1564 0

NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED

70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91

SATHAPUR SAVAIGUDEM SHAKHAPUR SIDDAPUR SIDDAPUR TAKKASILA TANAGALA THARNIKAL THATIPAMULA THUMMALACHERUVU THUMMELLA TURKAPALLE VATHUGUNDLA VATTEM VELGONDA VELLTOOUR WADDEPALLI YADIREDDIPALLE YELLIKAL YELLURU YENDABETLA YENMANBETLA TOTAL

575 312 255 284 1406 952 897 0 0 935 1276 227 191 0 0 0 192 992 1296 565 171 389 53080

NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED

Table No.12: STATE BANK OF INDIA BANK ACCOUNTS OPENED IN VILLAGES UNDER NIZAMABAD DISTRICT WITH A POPULATION OF 2000 S.N O. 1 2 3 4 5 6 7 8 9 NAME OF THE VILLAGE BADSI DESAIPET JANGAMAIPALLE KULASPUR MANAL MUDAKPALLI NALESHWAR SUDDULAM THIMMANAGAR TOTAL BANK A/C`S OPENED TILL 31-3-2012 0 378 62 333 751 0 542 366 368 2800 TARGET ACHIEVED/NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED

Table No.13: STATE BANK OF INDIA BANK ACCOUNTS OPENED IN VILLAGES UNDER NALGONDA DISTRICT WITH A POPULATION OF 2000 BANK A/C`S OPENED TILL 31-32012 1164 1916 707 1161 1366 699 773 1013 459 448 1126 1334 1116 1185 0 358 1184 540 443 1494 393 978 297 755 876 746 640 838 2175 1301 583

S.N O. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

NAME OF THE VILLAGE BOLLANAPALLY CHEPUR CHERUVUANNARAM CHINAKAPRTHY CHINNAKONDUR DUGUNEVELLY ELIKATTE GAJULAMALKAPURAM GANDAMALLA GHANAPURAM INDUGULA K R C PURAM KARVIRALA KASARLAPAHAD KODURU KOKKIRENI KOMMALA KURUMARTHY LAKKARAM NARSING BATLA NERADA PALARAM PALLE PAHAD PALWAI PATHANGI PEPAL PAHAD PRODDATUR PULIGILLA RAJUPETA RUSTAPUR SURVAIL

TARGET ACHIEVED/NOT ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED

32 33 34 35 36 37 38 39 40 41

TALLAVELLAMLA TANGADPALLY THAKKALLAPAHAD THIMMAPURAM THOUKLAPUR TUMMALAPENPAHAD V SINGAVARAM VADDIPATLA VALLAPURAM VEERA REDDY PALLE TOTAL

940 1039 1077 1726 766 4266 993 378 882 496 40631

NOT ACHIEVED ACHIEVED ACHIEVED ACHIEVED NOT ACHIEVED ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED NOT ACHIEVED

REFERENCES: www.sbi.com www.rbi.com Economic Times, Dated: Nov 25, 2009. ERNST & YOUNG, Dated May 10, 2010.