Directorate Of Institutional Finance,Insurance And Externally Aided Project ,Uttar Pradesh Lucknow.
Directorate of Institutional Finance was
created vide Govt. order dated 3.8.1972 and renamed as Directorate
Instititutional Finance and Sarvhit Beema vide Govt. order- S.R. –
107/ten-90-212/88 dated 11 Jan. 1990. The Department has been restructured as Directorate General
of Institutional Finance, Insurance and Externally aided project wide govt.
Order -26((B)/Ka.Ni-6-2015-98(75/2000) T.C Dated 30 January 2015.The Directorate is actively
coordinating with various banks and financial institutions to carry out and
implement the policy decisions of U.P. Govt. It’s main functions are as
To act as forum for coordination among
central financial institutions/ commercial banks and Government
Departments & Public/Co-operative regional institutions & to assist
executive/administrative departments in the implementation of various
welfare programmes/ employment oriented schemes.
To help formulate bankable credit schemes
for the weaker section in view of providing them with resources for
employment and to declare these schemes as State sponsored under U.P.
Public Money (Recovery of dues) Act.
To help in formulating annual credit
plans under service area approach through lead banks for the economic
development of the districts and to continuously monitoring of the
financing under annual credit plan to ensure overall development of
To coordinate with the RRB’s at State
Level and monitoring of their programmes.
To provide guidelines to Institutional
Finance consultative Committees set up at district/divisional level and
remove problems raised at these fora.
To continuously monitor credit deposit
ratio of banks and to deal with the public grievances received with
regard to bank finance.
To assist banks in recovery of their dues
under recovery certificates & also assist to the rescheduling of bank’s
loans in case of emergent cases/circumstances .
To raise policy matters with regard to
institutional finance with RBI, NABARD and Government of India and
provide for a solution.
To assist in preparation of potential
link plan in order to get maximum refinance assistance from NABARD. To
act as coordinator between the executive departments and NABARD in order
to complete irrigation projects, rural roads, bridges under rural
infrastructure development fund.
To provide necessary assistance in
setting up SHG’s /farmer clubs under micro financing scheme of NABARD to
avail maximum institutional finance in the State.
To act as a coordinator for the
settlement of over-dues of banks/financial institutions as various
government under-takings & to prepare a data base for government
To monitor and follow-up social security
schemes and to give advise to concerned insurance companies/executive
simple to make and practical.
To assist in other insurance related work
of U.P. Govt. such as insurance for election duty