Breaking NewsOdisha

Naveen Urges Bankers To Extend Credit To Farmers, SHGs, MSMEs To Revive Economy

Bhubaneswar: Odisha Chief Minister Naveen Patnaik today made a fervent appeal to the bankers to extend credit to farmers, Mission Shakti self-help groups and MSMEs (Micro, Small & Medium Enterprises) for restoring the economy both at the State and individual household levels.
“My Government is very serious about restoring economy both at State level and at individual household levels. For this I have three important interventions where I need your unstinted support- Credit to farmer; Credit to Mission Shakti Self Help Groups and Credit to MSMEs,” said Patnaik addressing the State Level Bankers Committee meeting.
The Chief Minister pointed out that his government was providing more than Rs 600 crore for interest subvention to facilitate farmers in getting loans at ‘zero per cent’ up to Rs 50,000 and 2% up to Rs 3 lakh.
There is also ‘Balaram’ scheme to help sharecroppers, he added.
Patnaik stated that the State Government is providing 100% interest subvention up to Rs 3 lakh making it interest-free for women self-help groups under Mission Shakti.
Similarly for MSMEs State has designed some interest subvention to boost the sectors, he added.
The Chief Minister told the meeting that he would be closely monitoring credit flow to these three crucial sectors and have a district-wise review with Collectors and bankers jointly by the end of November.
Patnaik announced that best performing banks would be awarded with Chief Minister’s award for Champion banks.
I would also inform about the performance to the Union Finance Minister, he added.
The Chief Minister stated that Covid as a pandemic has impacted both lives and livelihoods.
Doctors and Covid Warriors are fighting to save lives, bankers are also Covid Warriors as they are central in our fight to revive and restore livelihoods, he pointed out.
Patnaik appreciated the banking community for doing great service even during the lockdown period by risking their lives.
He offered deep condolences to the families of bankers who lost their lives to Covid serving the people.

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