Pranab asks banks improve credit flow to N-E states
Finance minister Pranab Mukherjee today asked banks and institutions to step up credit flow to the eastern and north-eastern states.kolkata Updated: Dec 10, 2011 19:19 IST
Finance minister Pranab Mukherjee on Saturday asked banks and institutions to step up credit flow to the eastern and north-eastern states.
After a review meeting of credit flow to these states, Mukherjee said banks should increase credit flow in the areas of agriculture, micro, medium and small and increase credit-linkages to self-help groups.
The meeting was attended by chief ministers of West Bengal, Meghalaya, Jharkhand, Arunachal Pradesh and Manipur, finance ministers of Orissa, Mizoram and Tripura, deputy chief minister of Bihar, Commerce and industry minister of Sikkim and representatives of Assam and Nagaland.
Chairmen of State Bank of India and other nationalised banks, LIC and Nabard also participated in the maating
Mukherjee said it had been decided to double credit flow to the agriculture sector. The issue of financial inclusion was also discussed.
West Bengal chief minister Mamata Banerjee urged the banks to increase credit flow to the agriculture sector.
She also urged the banks to increase the annual credit plan target from Rs 9,000 crore to Rs 15,000 crore.
She also urged banks to take steps to improve the state's credit-deposit ratio.