Goa MP moots for Degitalisation of old documen

Task of keeping in electronic format of old documents of title and the deeds registered before Sub-Registrars should be undertaken by the government on war footings, said Mr. Shantaram Naik M.P. today.

Mr. Shantaram Naik who was inaugurating a meeting of South Goa District Level Review Meeting of Banks organized by State Bank of India as LEAD Bank, further said that records of title deeds in electronic forms will help, both the banks and the customers in the matter of loan transactions.

Mr. Naik said that Form I & XIV in the Survey Record do not constitute a title, and therefore, scrutiny of titles becomes essential for the banks, and that, it is easy access to the title documents alone which can make banking system run smoothly.

Mr. Naik said that banks also should guide the customers on the tax implications while obtaining loans and also while making deposits.Mr. Naik said, a few years back, a private bank was found using"Gundas" for recovery of loan, and said that even if one such instance is proved in case of any banking institution, their license should be
cancelled, he said.

Mr. Naik suggested that SBI should hold two District Level Conferences jointly under auspicious of banks and the government to guide the people on the availability of banking facilities.

Mr. Prasanna Acharya, Additional Collector of South Goa, who presided over the meeting said that every order of rejection of loan must be a speaking order, explaining in details, reasons for rejecting a loan.

Mr. Uday Kamat, Deputy General Manager, of NABARD said that areas in Goa , not covered by banking system have been identified and that banking facilities will soon be made available in those areas. He also said that NABARD will be organizing a training camp for the state government officials, so that, they become more familiar with the
banking system and the facilities available.

Earlier ,Shri Arvind Velingkar, LEAD District Manager of SBI,welcomed.