Dehradun: Finance Secretary Dilip Jawalkar held a review meeting of the State Level Bankers Committee in the Secretariat in which necessary instructions were given to the concerned bankers. The Secretary said that the performance of public sector bankers in lending to agriculture and self-employment activities in rural areas is very unsatisfactory as compared to private sector banks, which is not acceptable. He strongly instructed that as per the main objective of public sector banks, maximum loans should be given to enrich the rural economy and livelihood.
He instructed all the bankers to identify the beneficiaries by establishing better coordination with various departments and set targets for providing benefits to the identified beneficiaries and strictly monitor to achieve those targets.
He also directed that the districts whose CD ratio is not satisfactory should make a micro plan to increase their progress and the concerned district should review it thoroughly.
The overall credit deposit ratio (CD ratio) of the state from July to September 2024 was 53.26 percent while it was 54 percent in the previous quarter.
The credit deposit ratio of private banks in the quarter was 84.57 percent while that of nationalized banks was 42.33 percent.
Important suggestions also came from RBI, NABARD and bankers regarding increasing the credit deposit ratio.
To increase the credit deposit ratio in the state, the Department of Animal Husbandry and Dairying, Ministry of Animal Husbandry, Dairying and Fisheries, Government of India has organized a nationwide AHDF KCC campaign from 15 September 2024 to 31 March 2025, under which the state of Uttarakhand has been given the target of opening 5000 KCC accounts. Banks have been expected to provide maximum loan in the said campaign.
The credit deposit ratio of the state can be increased by providing bank loan facility to various industrial units / projects by financing the investors / industrialists identified by the Department of Industry in the Global Investor Summit 2023.
Along with big ticket size in agriculture and MSME sector, focus should also be on a large number of small ticket size loans and loans should be provided to micro and small units established in the state.
During this meeting, AGM RBI Dheeraj Kumar Arora, AGM SLBC Rajiv Pant, Assistant General Manager NABARD Shobhana Singh, Joint Director Tourism S. S. Samant and related bankers and officials were present.
