Bhubaneswar, March 6: The Odisha government today asked the bankers for achieving 100 percent Annual Credit Plan (ACP) target to the tune of Rs. 2.11 lakh crore for the Financial Year 2024-25.
Addressing the 178th State Level Bankers’ Committee (SLBC), Development Commissioner Anu Garg Garg asked the bankers to focus on credit flow to housing, education, social infrastructure and export sectors.
Garg emphasized on minimising the regional imbalance in credit flow to all segments of the society including women, SC & ST and weaker section.
She also emphasized on adequate financing under PM-SVANidhi as the scheme is being reviewed regularly by the Prime Minister. She urged upon the bankers to support recently launched “Financial Assistance to Cold Storage” scheme, aimed at strengthening storage eco system of the state to minimise the post-harvest loss and prevent distress sale by farmers.
She urged all banks to extend higher quantum of credit to improve the credit to GSDP ratio of the state.
The Development Commissioner announced the ACP target of Rs.2.52 lakh crore for FY 2025-26 as per the projection of NABARD.
Executive Director, UCO Bank, V.N. Kamble appreciated the bankers for achieving 68.95% of Annual Credit Plan (ACP) target as on 31st December and 100% target in all social security schemes like PMJJBY, PMSBY and PMJDY.
He urged upon the banks to put concerted efforts to achieve 100% ACP (Rs. 2.11 lakh crore) for the FY 2024-25. He expressed his concerns regarding poor performance of bankers in PM- Vishwakarma scheme, reduced number of applications for SHG loan and registration issues in housing sector.
Regional Director, RBI, Dr. S.P. Mohanty pointed out the high retail and food price inflation in Odisha, low credit growth rate in the state as compared to national level and the initiative taken by RBI to promote financial literacy and cyber security across the State.
