Reserve Bank of India governor Dr Raghuram Rajan, on a courtesy visit to Chief Minister Dr Raman Singh, at the latter’s resident here on Friday, praised the skilled financial management and the fast economic development of Chhattisgarh.
He promised the Chief Minister all possible cooperation of RBI for the economic development of Chhattisgarh.
The Chief Minister presented a citation to the RBI governor. The Chief Minister, while discussing with Raghuram Rajan, told him that Chhattisgarh’s agricultural sector development average was double the national average and added that Naya Raipur has been fast developing in a most systematic way, which would be India’s first capital city of 21st century.
The Chief Minister said that an international trade centre was being developed in the city in the form of a logistic hub. A rail corridor construction project based on public-private participation was also there, he added.
He said that the State Government has made arrangements for procurement of paddy from the farmers through cooperative societies, which resulted into paying thousands of crores rupees to the farmers, including bonus.
Because of the Government arrangement, farmers in the State were getting better price of their product, due to which the rural economy has been improved. Farmers have been given agriculture loan at one per cent interest, he added.
The Chief Minister informed the RBI governor about the Chhattisgarh Food and Nutrition Security Act, industrial development of core sector, power generation etc.
Additional chief secretary (finance) DS Mishra, secretary (energy) Aman Kumar Singh and senior officers of RBI from Chhattisgarh were present on the occasion.