Odisha CM to monitor, review credit flow to farmers, SHGs and MSME units

Bhubaneswar: Chief Minister Naveen Patnaik said he would closely monitor credit flow to farmers, Self Help Groups and MSME units and hold a district-wise review with Collectors and bankers jointly by the end of November.

Speaking at the State Level Bankers Committee (SLBC) meeting today, the Chief Minister said bankers have a major role in saving livelihoods. “I am sure all of you will rise to the occasion in helping the poor and needy,” he added.

The best performing banks would be awarded with the Chief Minister’s Award for Champion Banks. Patnaik stated the Union Finance Minister will also be informed about the best performing banks.

The State government have been providing more than Rs 600 crore for interest subvention to facilitate farmers get loan at ‘zero percent’ up to Rs 50,000 and at 2% up to Rs 3 lakhs. The ‘Balaram’ scheme has been also launched to help the sharecroppers.

The women self-help groups have been getting 100% interest subvention for loans up to Rs 3 lakhs making it interest free.

Also, the State designed some interest subvention to boost the MSME sector, the Chief Minister said.