UK’s CDR was 57 percent in last quarter

DAINIK NATION BUREAU

Chief Minister Trivendra Singh Rawat has said that benefit of the banking facilities should reach remote areas and weaker sections. For this, banks will have to work like a mission. He said that in rural areas, focus on the financial inclusion and financial literacy. Chief Minister was addressing the 65th meeting of the State Level Bankers Committee.

CM said that cooperation of banks is must for doubling the farmers’ income by year 2022, as well as in the flagship schemes of the centre and state government. In order to achieve the target of doubling the farmers’ income, banks loans should be provided in easy manner for the subsidiary agricultural activities like dairy, goat rearing, poultry, bee keeping and pisciculture. Possibilities of how to benefit tenant farmer should also be studied. Banks should work in targeted and time bound manner.

During the meeting, it was informed that quarterly ending March 31, 2018, the state credit deposit ratio (CDR) was 57 per cent, which is 2 per cent more than what it was on March 31, 2017. For 2017-18 closing, in the fixed annual credit plan, Rs 16581.90 crores were available, which is 90 per cent of the target fixed. Under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana  (PMJJBY), as many as 17,82,842 and 4,83,334 persons respectively have been registered.

Under the target to double the farmers’ income by year 2022, for the subsidiary agriculture activities, loans to the tune of Rs 2,399 crores have been disbursed. In financial year 2017-18, banks organised financial literacy camps and made the people aware about the flagship schemes, digital transactions etc.

During  the meeting, Finance Minister Prakash Pant, Chief Secretary Utpal Kumar Singh, Principal Secretary Manisha Panwar, Secretary Amit Negi, Regional Director of RBI Subrata Das, NABARD Chief General Manager Avinash Chander along with top officials of the government and representatives from various banks were present.

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