A Round Table discussion on the Bankability of SVAMITVA property cards was held at Bankers Institute of Rural Development (BIRD), Lucknow, Uttar Pradesh.
In order for States/UTs to realize the objectives to bring financial stability to the citizens in rural Abadi areas by enabling them to use their property as a financial asset for taking loans and other financial benefits, a Round Table Discussion was held drawing in subject matter experts and practitioners from State Level Bankers Committee (SLBCs), Officials from the State Department, Registration Department, Bank officials, Dignitaries from D/o Financial Services, Reserve Bank of India (RBI) Chaired by Shri Alok Prem Nagar, Joint Secretary, Ministry of Panchayati Raj in the presence of Shri S. Chockalingam, DG, YASHADA and Shri Nirupam Mehrotra, Director, BIRD.
During the conference, Panel Discussions were held to highlight the importance of using the property card as evidence of conclusive title, transferability of property cards, valuation of Abadi land, scope of using property cards as collateral for bank finance, the requirement for registration, etc. The broad areas of discussion were regarding the registration provisions for property cards in the States, the procedure of noting of encumbrances on Abadi land in States, SARFAESI Act in Abadi areas, among others.
The discussion organized by Bankers Institute of Rural Development (BIRD) included Panellist from Nationalised banks like Indian Bank, Canara Bank,ICICI Bank, State Bank of India, Bank of India, Punjab National Bank, Union Bank, and regional banks like Pratham UP Gramin Bank, UP State Cooperative Bank, Baroda UP Gramin Bank and members from SLBCs. Registration Department of Uttar Pradesh. Panellists also included Shri Manjunathan, Commissioner Survey, Karnataka and Shri PS Kumar, Commissioner Revenue, Karnataka; Shri M A Pandya, Commissioner, SSLR, Gujarat; Shri Akhilesh Jain, Joint Commissioner, Land Records, Madhya Pradesh; Shri Chandresh Kumar, Commissioner, Revenue, Uttarakhand and State officials from Haryana, Maharashtra, Puducherry, Andhra Pradesh, and Uttarakhand.
*******
SS/SM
