Bengal’s credit-deposit ratio to surpass national average: Mitra

September 17th, 2012 - 11:21 pm ICT by IANS  

Kolkata, Sep 17 (IANS) The credit-deposit ratio in West Bengal’s banks is expected to surpass the all-India average within two years, state Finance Minister Amit Mitra said Monday.

“I hope that within one or two years, we will surpass the all India average of credit-deposit ratio. It will help more credit to the agricultural sector and SME sector,” Mitra said at “Second India Crop Summit 2012″, organised by Indian Chamber of Commerce (ICC) here.

“This is true that our credit-deposit ratio is below the all India average. Our credit-deposit ratio stood at 65 percent, but the all India average is 75 percent,” he said.

The minister said the government was pushing hard to increase credit flows to agriculture and SME sectors.

Informing that agriculture was the “central focus” of the state government, Mitra said the sector was however facing problem as credit to it was low.

“Due to that reason in the State Level Banking Committee (SLBC) meet, I said credit to agriculture has to be increased. The government is pushing hard to increase credit to the agriculture, especially to the small farmers,” he said.

Mitra said the state would lead the “Second Green Revolution” in eastern India.

The central government has initiated the project to increase farm production in the eastern states of Assam, West Bengal, Odisha, Bihar, Jharkhand, Chhattisgarh as well as in eastern Uttar Pradesh.

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