Odisha SLBC Meeting: 177th State Level Bankers’ Committee (SLBC) was held on 25th November, 2024 under the cochairmanship of DC-cum-ACS to Government of Odisha, Smt. Anu Garg and Executive Director, UCO Bank, Sri V.N. Kamble.
Smt. Anu Garg, IAS in her address, highlighted the need for accelerated momentum of credit flow to priority sector like Agriculture, MSME, Housing, Education and Export sector in alignment of the goals for Vikshit Odisha by 2036 and contributing substantially for Vikshit Bharat by 2047.
Development Commissioner cum ACS emphasized on minimising the regional imbalance in terms of credit flow and to all segments of the society including women, SC & ST and physically challenged people. She also urged the bankers to provide timely and adequate loan to good quality proposals to reduce NPA in the banking sector. DC cum ACS laid stress on ease of banking services to encourage the common people to approach the banks instead of other unregulated entities for meeting their banking needs.
DC-cum ACS, Smt. Anu Garg urged all banks to extend higher quantum of credit to improve the Credit to GSDP ratio of the State at par with national level. Development Commissioner while praising RBI’s proactive initiatives to promote financial literacy campaign also advised for IEC, process re-engineering for simplified procedure of loan approval and minimum time lag between loan sanction and setting up enterprises.
Executive Director, UCO Bank appreciated the bankers for achieving 49.34% of Annual Credit Plan (ACP) target as on 30th September and urged them to put concerted efforts to achieve 100% ACP (Rs. 2.11 lakh crore) for the FY 2024-25. Regional Director, RBI advised all banks to ask for minimum required documents for sanction of loans in a time bound manner.
Pr. Secretary, Finance, Sri Saswat Mishra emphasised on improving performance by private sector banks in Govt. sponsored schemes like PMEGP, PM Mudra, Stand up India, PM SVANIdhi. He also asked SLBC convenor to provide claim settlement statistics in social security schemes like PMJJBY and PMSBY.
CGM, SBI, Sri Dinesh Purthi; Sri Gautam Patra, convenor, SLBC; Senior officials of State and Central Government, NABARAD and Regional Controlling Heads of all banks were also present in the meeting.
