The amounts of investment made by various public sector banks in Odisha are quite disappointing compared to other States. This has been revealed in the Economic Survey Report prepared by the Union Government.
The nationalised banks including State Bank of India and its associated banks, other Government undertaking banks such as IDBI and Mahila Bank had disbursed a total of Rs 68,80,849 crore to the major sectors across the country during previous fiscal.
However, the disbursement in Odisha was only Rs 79,849 crore, stated the survey report presented in the Parliament.
According to the report, the banks have disbursed Rs 19,76,057 crore of loan in Maharashtra, Rs 4,31,840 crore in Karnataka, Rs 3,48,332 crore in Gujarat, Rs 1,97,831 crore in Andhra Pradesh, Rs 2,01,552 crore in Rajasthan, Rs 6,51,620 crore in Tamil Nadu, Rs 3,21,137 crore in West Bengal, Rs 3,35,657 crore in Telangana and Rs 3,02,338 crore in Uttar Pradesh during 2015-16.
The banks have invested only Rs 74, 580 crore in Odisha by the end of September 2015. During the period of the first six months of the fiscal, the banks have invested Rs 67,05,977-crore loan throughout the country.
While investment was made highest in Maharashtra during the period, it was disappointing in Odisha.
The banks had invested Rs 18,98,531 crore loan in Maharashtra, Rs 1,96,897 crore in Andhra Pradesh, Rs 3,43,925 crore in Gujarat, Rs 1,60,381 crore in Haryana, Rs 4,29,423 crore in Karnataka, Rs 2,07,974 crore in Kerala, Rs 1,57,223 crore in Madhya Pradesh, Rs 8,48,510 crore in Delhi, Rs 1,91,446 crore in Punjab, Rs 2,03,902 crore in Rajasthan, Rs 6,39,874 crore in Tamil Nadu, Rs 3,38,915 crore in Telangana, Rs 2,98,860 crore in Uttar Pradesh and Rs 3,15,415 crore in West Bengal by the end of September 2015.
While the branches of the banks like SBI, IDBI and Mahila Bank across the country were 1,29,151, there were only 4,387 branches in Odisha by the end of September 2015. A total of Rs 88,90,982-crore saving was collected in the country through the banks during the fiscal 2015-16. The banks had collected Rs 1,89,205-crore saving amount in Odisha.