Begin typing your search above and press return to search.

Tripura CM Biplab Kumar Deb Urges Bankers To Support Entrepreneurs

Tripura CM Biplab Kumar Deb Urges Bankers To Support Entrepreneurs

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  20 Jun 2019 6:18 AM GMT

A Correspondent

Agartala: Tripura Chief Minister Biplab Kumar Deb urged bankers to be positive in their approach towards setting up of industries and creation of employment opportunities in the State.

Addressing a meeting of the State-level bankers committee at Pragna Bhawan on Tuesday he said the banks should work keeping close touch with the State Government and must know the priority areas of the government.

He said the State Government is giving highest priority to agriculture, horticulture, animal husbandry, fishery, rubber and small industries. It is the duty of the banks to identify the real entrepreneurs’ in these fields and to do accordingly. He expressed displeasure over the role of some banks that harasses the unemployed youths in the name of giving loans. He said in many places, giving a guarantee is not mandatory but the bankers are unnecessarily pushing the same on young people seeking loans.

Chief Secretary U Venkateswaralu stressed in increasing the credit deposit (CD) ratio and told the bankers to remain alert so that this ratio do not drop in any districts.

Ashok Kumar Pradhan, managing director of United Bank of India, which is the lead bank in the State, said the CD ratio in Tripura has increased to 54% which was 48% in 2018. He said the five per cent increase become possible due to sincerity of the banks and co-operation of the government. The meeting has decided to disburse Rs 1,556 crore Mudra Loan in the current year. It also decided to review the activities of the banks who are lagging behind in the CD ratio.

Also Read: Tripura CM Biplab Kumar Deb Urges New Waterways With Bangladesh

Next Story