Patna: Deputy CM Tarkishore Prasad on Thursday asked a banker to increase the country’s credit deposit ratio (CD) by expanding loans to the industrial and agricultural sectors, in addition to increasing loan activities during the remaining months of the current financial year, because the loan was distributed.
During the first quarter (April-June) was only 18.5% of the target.
“While the national CD ratio is 75%, the state CD ratio during the first quarter is 45.68%.
CD ratios can be increased if bankers provide loans in sectors that appear such as livestock and maintenance of goats, fisheries and poultry, and to small traders And entrepreneurs and people in the industrial sector and in a very large area, all of which have a large scope for growth, “said Prasad.
He discussed the state-level Banker Committee (SLBC) meeting here.
Among other speakers was the Industrial Minister Shahnawaz Hussain and the Department of Rural Development (RDD) Minister Shrawan Kumar.
Prasad said the annual credit plan (ACP) set for the financial year 2021-22 was Rs 1,615 Lakh Crore, but only RS 29,866 Crore was channeled through loans in various sectors during the current fiscal first quarter.
This is only 18.5% of the target.
Incidentally, the disbursed loan is Rs 6,321 Crore more than the amount disbursed in the fiscal year 2020-21 during his first quarter, he said.
Prasad asked the bankers to open their bank branches in Pancarark Sarkar Bhavans established in the state.
To disseminate financial literacy in the state, a booklet was released on that occasion, while the portal to monitor applications submitted for loans under various schemes was also launched.
Hussain’s industry minister said the bankers must instruct their branch to show readiness in providing loans to investors whose proposal regarding ethanol production has been cleaned.
Projects, after processing diligent proposals, are being cleaned in a short time, he added.