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Credit-Deposit ratio in Tripura reaches all-time high of 56%

Credit-Deposit ratio in Tripura reaches all-time high of 56%

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  23 Sep 2019 12:22 PM GMT


AGARTALA: The Credit-Deposit (CD) ratio of the banking system in the State has reached to an all-time high of 56 per cent and indicating a further growth in the coming days. It is a clear 8 per cent growth compared to last month of the previous Left Front government when the ratio was just 48 per cent.

Ratan Lal Nath, Education Minister, claimed that such a high growth within a short period became possible due to some government projects to encourage entrepreneurship among the unemployed youths and creation of job in other sectors.

Giving statistics, he said so far Mudra Loan of Rs 1,873 crore, Rs 83 crore has been given to 441,768 persons while another loan amount of Rs 18 crore 6 lakh was given to 118 persons under the start-up project. Moreover, Rs 69 crore 45 lakh has been given to 1,176 persons under PMEGP project and Rs 18 crore 30 lakh to 7,144 persons under the Swabalamban project.

The Minister added that the main target of the State government is to further increase the living standard and per capita income of the people.

The Minister said performance of the State could have been much better but it failed to achieve the optimum due to a big burden of over Rs 12,000 crore loan that the previous Left Front government has left behind. The State has to pay an hefty amount in principal and interest of loan.

Also Read: Bank CD Ratio in Tripura Rises to 66% in 16 Months: Biplab Kumar Deb

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