Friday, August 7, 2020
 Jeypore police plan to implement STV scheme for better traffic control  Puri Jagannath Temple ‘pandas’ to visit shrines for tips on hygiene, good conduct  

Behera for sanctioning credit to priority sectors in State




 State Finance Minister Shashi Bhushan Behera has stressed the need to sanction credit to the priority sectors so that it would be possible to achieve the target envisaged in the annual credit plan prepared by the Reserve Bank of India (RBI).

Speaking at the 148th State level Bankers’ Committee meeting here today, Behera said credit workshops for sectors like MSME, Agriculture, Horticulture, Fisheries, Animal Husbandry, Textile, Housing and Higher Education should be conducted at periodic intervals where bankers along with departmental field officers would come together to identify potential entrepreneurs and process bankable proposals.

On the Banking scenario in the state, the Minister said that State Bank of India have made operational banking correspondents in as many as 488 unbanked gram panchayats while some other banks have indicated their consent to open 65 brick and mortar branches and employ 182 banking correspondents before December, 2017, so that 50 pc of the 1,474 unbanked gram panchayats are covered. He said that during the current financial year, the annual credit plan target is fixed at Rs, 60,000 crore for priority sector lending.

“This sector caters to the segments like agriculture, small and micro enterprises which support economic activities, generate income and also surplus and are worthy of receiving retail credit from the bank”, Behera said. Expressing concern over the matter of credit deposit ratio in 12 districts of the State below 40 pc, the Minister suggested concentrated effort of the government officials and bankers to improve the situation.

Development Commissioner-cum-Additional Chief Secretary R Balkrishnan, in his address, suggested convergence meeting on ideas, action, bankers and stakeholders to discuss threadbare on the credit plan. Principal Secretary, Finance Tuhin Kanta Pandey,  said although provision of opening 25 pc of the bank branches in rural areas is stipulated in guideline, bankers should come forward for establishment of banks in rural areas. He said that institutional credit will substantiate State's growth.






Editorial

Précis 2017
From asking his party men to ‘live a simple life and serve the people’ to taunting the BJP for its ‘crocodile tears’, Chief Minister and BJD supremo Naveen Patnaik has not only become politically invincible, he seems to be so in the coming years too.

National

* India successfully test-fires supersonic interceptor missile

International

* Support for terrorism to be stopped: India at UN

Business

* Dalmia DSP launches new TV campaign

Entertainment

* Sudhir Mishra's 'Daasdev' set to arrive on February 16

Interview

* “Nalco to invest Rs 35,000 cr in Odisha, good governance key to company’s success”

Leisure

* Tata Steel Bhubaneswar Literary Meet from Jan 11
Powered by Catalyst IT Solutions Pvt. Ltd.