Shimla: Having attained total financial and credit inclusion, banks in Himachal have been able to bring about 73% of all households under revolving credit, though the state government has asked scheduled banks to increase credit flow and improve credit:deposit ( CD )ratio, which is below the national level.
Speaking at the 116 State Level Bankers Committee (SLBC) meet today, Asha Swarup, chief secretary said despite issuing fresh loans of Rs 1894 crore to about 1.37 lakh farmers in the state, banks needed to provide finances to emerging sectors like micro-hydel power projects, information technology, bio-technology, agro processing, tourism and education sectors for boosting the state’s economy.
The chief secretary also asked banks to provide a ‘Gateway’ facility for online deposit of various taxes fees and VAT which would give convenience to common men.
She also emphasized the need for banks to cover all eligible and willing farmers under Kisan Credit Card scheme in the State.
Ajai Kumar, executive director of UCO Bank and convener of the SLBC let the media know after the meeting that against an target of Rs 5181 crore loans in 2009-10 banks in the state had disbursed Rs 5391 crore of loans.Read Full Story
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