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Bihar govt concerned over alarming low CDR

Bihar got expressed conceren over the alarming low credit deposit ratio as compared to the national average of 70 per cent and asked the banks to take effective steps for improving their CDR.



Patna: Bihar Government on Saturday expressed
conceren over the alarming low credit deposit ratio (CDR) as
compared to the national average of 70 per cent and asked
the banks to take effective steps for improving their CDR by
disbursing around Rs 40,500 crore during the next fiscal
2011-12.

A direction to this effect was given by the Deputy
Chief Minister S K Modi at the state lavel banker`s
committee meeting here this afternoon.
Later talking to reporters, Modi said the CDR of banks
in Bihar was far from satisfactory against the national
average of 70 per cent, as the CDR in the state was just 33
per cent.
Emphasising the vast potential in the field
of agriculture and dairy in Bihar, Modi said the state
government instructed banks to disburse Rs 40,500 crore during
2011-12.

He said the state government would also appoint a
nodle officer to monitor the giving of loans in rural areas by
banks.

Besides,the banks were required to organise Mega
Loan Mela for on the spot loans for various purposes.

PTI

From Zee News

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