Financial Institutions needs lot more to do for Bihar: Nitish
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Last Updated: Saturday, February 12, 2011, 18:45
Patna: Bihar Chief Minister Nitish Kumar on Saturday said the development had been paced in the state because of "sustained initiatives and investments" but financial institutions required lot more to do for the purpose.

"The development of the state has been paced because of our personal initiatives and investments by the state government... Financial institutions have lot more to do for achieving a complete turnaround", Kumar said while addressing a function organised by the state social welfare department.

Stating that there were several steps which the financial institutions have to adopt, the Chief Minister said it would help boost investments in Bihar.

"There are several such institutions in the state which have failed to come up to the expectations because of their contributions being inaqdequate", he said.

Apparently referring to +dilly-dallying attitude+ of the banking institutions towards adequate distribution and disbursement of loan, Kumar said be it P Chidambaram or Pranab Mukherjee as Finance Minister or RBI Governor, whenever they visited the state the Credit Deposit Ratio (CDR) plumetted.

Kumar said the standard of development in Bihar would have to be changed with thrust on nutrition, education and health infrastructure.

"The Gross Domestic Product and financial statistics should not be the yardsticks for development... Apart from establishing a network of industries, human development should be accorded top priority", he added.

Kumar said the state government had decided to make available health cards to more than 2.7 crore children going to schools which would have record of nutrition and health.

"The children going to Anganwadi Kendras will also be issued health cards", Kumar added.


First Published: Saturday, February 12, 2011, 18:45

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