Chief Minister Shivraj Singh Chouhan has said that bank’s role was vital in the success of Government schemes. A network of small and cottage industries will be laid from village to village in the State. Targets of women’s self-help groups will be doubled every year.
A campaign will be launched to provide credit cards to cent per cent weavers and credit cards of remaining farmers will also be prepared. Chouhan asked the bankers to extend creative and enthusiastic contribution in making Madhya Pradesh the Number 1 State in the country. He asked the banks to provide loan facility to small and cottage industries equal to big industries.
Chouhan was addressing a meeting of State-level bankers advisory committee here on Thursday. He said that Madhya Pradesh will be developed as manufacturing hub of ‘Make in Madhya Pradesh’ to realise Prime Minister’s dream of ‘Make in India’.
Madhya Pradesh will become driving force of Indian economy. As many as 10 lakh houses will be constructed for the poor in next 5 years under Mukhyamantri Grameen Aawas Mission. Attention will be paid to industries also along with agriculture for making Madhya Pradesh a pioneer state, he added.
The State has immense potential in food processing, organic farming, tourism and construction sectors. During last 8 years, Madhya Pradesh’s growth rate has been about 9 percent. This year state’s growth rate of 11.08 per cent is the highest in the country. Agriculture growth rate of 24.99 per cent is also the highest in the country.
Excellent work has been done in previous years in infrastructure sector pertaining to power, water and roads. Madhya Pradesh is power-surplus while a number of states are gripped by power crisis. Power is being supplied 24X7 in villages, cities and industries. Chouhan also urged banks to extend cooperation in state’s ambitious schemes.
The CM said climate of investment has improved in the state following recent Global Investors Summit. Schemes like Mukhyamantri Yuva Udyami Yojana and Mukhyamantri Karigar Swarozgar Yojana have been launched in the state, which are bringing about a revolution in Madhya Pradesh. The state government has instituted venture capital fund to promote and motivate innovative entrepreneurship ideas. Bankers should keep trust in youths and make available loans to them for higher education and industries. It was informed that 38 lakh accounts have been opened in the state under Pradhan Mantri Jan-Dhan Yojana, which is maximum in the country.
Chouhan desired banks’ cooperation in opening cent percent bank accounts under the scheme. He asked the bank to take serious note of complaints regarding loan sanction and release of amounts under schemes. A transparent mechanism should be evolved for dealing with schemes for which applications are presented in excess number. He also suggested making lump sump payment for housing schemes.
Chief Secretary Anthony DeSa informed that a target has been set to distribute loans worth Rs71,000 crore under annual credit plan of the state. This includes Rs53,000 crore for agriculture sector, Rs 10,000 crore for micro and small industries and Rs7,600 crore for other sectors. loan distribution under various beneficiary oriented schemes will be completed by December 31. Executive Director of Central Bank of India Rajkumar Goyal said that Madhya Pradesh has carved out a new identity in development sector. Banks are ready to cooperate in all-round development of the state. All possible efforts will be made to meet annual targets.