CM Naveen urges banks to help revive economy

| | BHUBANESWAR
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CM Naveen urges banks to help revive economy

Saturday, 31 October 2020 | PNS | BHUBANESWAR

Chief Minister Naveen Patnaik has said his Government is very serious about restoring economy both at State and household levels.

Addressing the State Level Bankers’ Committee (SLBC) meeting, he said Covid as a pandemic had impacted both lives and livelihoods.Doctors and Covid warriors are fighting to save lives. Bankers are also Covid warriors as you are central in our fight to revive and restore livelihoods, he told.

Expressing deep condolences to the families of bankers who lost their lives to Covid serving the people, he appreciates the efforts of  the banking community for doing great service even during the lockdown period risking their lives.

He said the Government is very serious about restoring economy both at the State level and at individual household level. For this, there are three important interventions where the State needs unstinted support. He said hassle-free credit to farmers, Mission Shakti Self Help Groups and MSMEs must be ensured.

The CM said, “We are providing more than Rs 600 crore for interest subvention to facilitate farmers get loan at ‘zero percent’ up to Rs 50,000 and at 2% up to Rs 3 lakh. We also have our ‘Balaram’ Scheme to help sharecroppers.”

"In case of WSHGs, Mission Shakti, My Government is providing 100% interest subvention up to Rs 3 lakh making it interest free," said he.He said similarly for MSMEs, the State has designed some interest subvention to boost the sectors.He would be closely monitoring credit flow to these three crucial sectors and have a district-wise review with Collectors and bankers jointly by the end of November.

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