Bhubaneswar, Mar 18 (UNI) Odisha Finance Minister Pradeep Kumar Amat today urged the Commercial banks operating in the State to extend their outreach to the unbanked gram

Addressing the State Level Bankers Committee (SLBC) meeting Mr Amat emphasized that "linkages from deposit to credit and from credit to economic activity" is very crucial for financial inclusion. He expressed concern over the credit deposit ratio of the commercial banks in Odisha which he said was around 42 per cent against the all india ratio of 73 per cent at end of the year 2014-15. The banks, he said, need to plug this gap and step up their medium term credit advance. The Finance Minister said during current financial year by end of third quarter the banks have achieved around 47 per cent of the NABARD credit potential. He asked the banks to rise to the occasion and achieve the credit potential target fixed by NABARD to the tune of Rs.66,555 crore during 2017-18. State Chief Secretary Aditya Prasad Padhi said that SLBC had decided to extend banking services to 4383 unbanked GPs within a specified time period. Bank wise target and timeline was also worked out. But actual performance of the banks showed that in 2014-15 new branches were opened in 125 GPs. In 2015-16 new branches were opened in 69 GPS and in the FY 2015-16 the branches were opened only in 20 GPs. Mr Padhi said banks need to implement the decisions of SLBC with all care and accountability. The Chief Secretary pointed out that around 78 largely populated villages with population of more than 5000 each were identified for opening of new branches as branches there would be more viable. But as of now only 2 such villages have new branches. Mr Padhi emphasized that this need to be prioritized and achieved. Development Commissioner R.Balakrishnan emphasized on timely compliance of the decisions taken in SLBC and field level convergence between banks and state functionaries. Principal Secretary of Finance Tuhin Kanta Pandey said expansion of banking services in LWE areas is a priority agenda of both the central and state Government. He said since the Maoist activities in Odisha have been curtailed to a great extent in the last few years the Banks could run in many areas without much of the trouble. UNI BD DP BM NNNN
Social Media Auto Publish Powered By : XYZScripts.com