The Credit-Deposit ratio in the State emerged as a matter of concern during the 73rd tri-monthly State Level Banking Committee (SLBC) held online here on Wednesday.
SLBC, General Manager, Ravindra Kumar Das said that the bank employees have executed excellent work during the Corona epidemic period as Corona Warriors. "In an attempt to accelerate the Country's economy the Government of India has brought various schemes in MSME, Industry, Vendor and other sectors. People of the Country are getting benefit of these schemes through Banks. Atal Pension Schemes, MSME sector the role of Banks is very important. Farmers are getting linked with the 'Kisan Credit Card'. Loan distribution is going on by installing camps," he said.
Expressing concern over CD ratio Das said there is need to provide more loans to people.
Speaking on the occasion Finance Secretary, Himani Pandey said that to give a boost to the economy of the Country and the State, banks do not give big loans but give small loans. She also expressed concern over the low CD ratio and she said that all bank heads need to pay attention on the matter.
Secretary, Rural Development Department, Aradhana Patnaik said that self-help groups of the State have to be linked with credit linkage. "Credit linkage work has been slow in the last six months. At the same time, self-help groups have to give loans. Applications have been in banks for several months, but it has not been executed yet. Banks are requested to settle pending applications at the earliest. Give SHG a minimum loan of up to one lakh rupees. Cooperate in meeting the target set in the financial year," he added.
NABARD Chief General Manager, AK Parhi said that agricultural production is very good in the State. To promote the agriculture sector, pending applications in banks should be executed at the earliest, he added. Padhi said that the agriculture sector has improved compared to the previous year; there is a need to improve it further.
General Manager of Reserve Bank of India, Sanjeev Dayal said that during the Covid 19 crisis, the performance of banks in the last three months has been average. "The fall of CD ratio in the State is a matter of concern. All banks are urged to pay attention to the sector where results have not been improved. KCC, SHG, MSME and other sectors need to be promoted. It requires cooperation from all banks," he added.
Speaking on the occasion Agriculture Secretary, Abu Baqr Siddiqui said that there is a need to give speed to the Government of India's self-reliant India campaign. "Banks should cooperate in the benefit of KCC to farmers associated with milk production and fisheries. There is gapping in data at many levels in PM Kisan Yojana. There is a need to improve it," he added.
DFS Joint Secretary Madnesh Mishra said that banks should work by making plans. Focus should be given on agriculture and MSME sector along with giving speed to the self-reliant India campaign, he added.