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Tripura CM for more credit flow to youth, farmers

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AGARTALA, March 17 - The State Level Bankers� Committee (SLBC) has set a target of enhancing Credit Deposit Ratio (CDR) to 60 per cent in Tripura during the 2018-19 FY after a brain storming session here on Saturday.

Currently, the State, where industrialisation is yet to take place in true sense, is having 46 per cent CDR, which is reasonable in Northeastern region but low in the national perspective.

While chairing the meeting at Prajna Bhavan here, Chief Minister Biplab Kumar Deb underlined need to improve CDR by expanding advances in the State. Credit flow to Standup, Mudra Yojana and Fasal Veema Yojana must be increased and this will certainly have a positive impact in the CDR, the Chief Minister told the SLBC headed by Chief Secretary Sanjeev Ranjan.

�In today�s SLBC, there was a threadbare discussion in the credit flow to various schemes. A decision was taken to increase CDR from 43 per cent to 57/60 per cent to maximise credit flow�, UBI�s Chairman cum Managing Director (CMD) Pawan Kumar Bajaj told the media after the meeting.

He pointed out in Eastern region, people prefer to keep money in banks that in turn increase deposit in banks which is unusual in South India where people are more interested in utilising money in new ventures. �CDR will improve in NE if people explore the potential in industrial sector instead of the current tendency of keeping money in banks�, he said.

Bajaj further said the Chief Minister inquired about the progress of three key schemes � Standup, Mudra Yojana and Fasal Veema Yojana and asked the bankers to improve performance as much as possible.

Giving details on the success of Mudra Yojana in Tripura, Bajaj said around 2.20 lakh people have been benefitted by the Central Government sponsored scheme. �Initially, a total of Rs 442 crore was targeted to be disbursed to the people and now it could be roughly Rs 850 crore. This is very good success�, he said.

Bajaj added, the Chief Minister wants the bankers to launch a massive campaign on Mudra Yojana and other self employment schemes. Chief Regional Manager of UBI M Dohre was also present in the press conference.

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Tripura CM for more credit flow to youth, farmers

AGARTALA, March 17 - The State Level Bankers� Committee (SLBC) has set a target of enhancing Credit Deposit Ratio (CDR) to 60 per cent in Tripura during the 2018-19 FY after a brain storming session here on Saturday.

Currently, the State, where industrialisation is yet to take place in true sense, is having 46 per cent CDR, which is reasonable in Northeastern region but low in the national perspective.

While chairing the meeting at Prajna Bhavan here, Chief Minister Biplab Kumar Deb underlined need to improve CDR by expanding advances in the State. Credit flow to Standup, Mudra Yojana and Fasal Veema Yojana must be increased and this will certainly have a positive impact in the CDR, the Chief Minister told the SLBC headed by Chief Secretary Sanjeev Ranjan.

�In today�s SLBC, there was a threadbare discussion in the credit flow to various schemes. A decision was taken to increase CDR from 43 per cent to 57/60 per cent to maximise credit flow�, UBI�s Chairman cum Managing Director (CMD) Pawan Kumar Bajaj told the media after the meeting.

He pointed out in Eastern region, people prefer to keep money in banks that in turn increase deposit in banks which is unusual in South India where people are more interested in utilising money in new ventures. �CDR will improve in NE if people explore the potential in industrial sector instead of the current tendency of keeping money in banks�, he said.

Bajaj further said the Chief Minister inquired about the progress of three key schemes � Standup, Mudra Yojana and Fasal Veema Yojana and asked the bankers to improve performance as much as possible.

Giving details on the success of Mudra Yojana in Tripura, Bajaj said around 2.20 lakh people have been benefitted by the Central Government sponsored scheme. �Initially, a total of Rs 442 crore was targeted to be disbursed to the people and now it could be roughly Rs 850 crore. This is very good success�, he said.

Bajaj added, the Chief Minister wants the bankers to launch a massive campaign on Mudra Yojana and other self employment schemes. Chief Regional Manager of UBI M Dohre was also present in the press conference.

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