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Banking Business in UP increased to Rs 27 Lakh Crore, Check more data here


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During a recent meeting of the State Level Bankers Committee, Chief Minister Yogi Adityanath urged banks to not hesitate in providing loans to those in need. The government will offer training to beneficiaries of its schemes and ensure that banks receive all necessary security and assistance. Adityanath expressed satisfaction with the credit deposit ratio (CD ratio) of banks in the state, which currently stands at 58.59%. However, he set a target of increasing it to 65% in the next financial year. The Chief Minister highlighted the growth of the banking sector in the state, with banking business worth Rs 12.80 lakh crore in 2016-17, which has now risen to Rs 26.80 lakh crore.

Banking Business in Uttar Pradesh

The Chief Minister highlighted the growth and strength of the banking sector in Uttar Pradesh, citing that in 2016-17, banks provided loans amounting to Rs 1.37 lakh crore in the state. This figure increased to over Rs 3 lakh crore in 2022-23, and by December 2023, banks had already given loans amounting to Rs 2.98 lakh crore. Furthermore, over the past seven years, 2.42 lakh new banking outlets were established, with 167 lakh new beneficiaries added under the PM Jeevan Jyoti Insurance Scheme and 459 lakh new beneficiaries added under the PM Suraksha Bima Yojana. Uttar Pradesh ranks first in various centrally funded social security schemes.

During the committee meeting, Adityanath reviewed the quarter ending December 2023 and praised the banks for their role in providing loans to needy individuals. He emphasized the importance of continuing loan fairs and urged banks to not hesitate in granting loans. Adityanath also mentioned the state government’s ambitious scheme called “Family ID,” which requires banks to provide comprehensive data on beneficiaries of central and state government schemes. This data will help accurately assess the situation of every family in the state.

The Chief Minister commended the “One GP-One BC” (One Gram Panchayat-One BC Sakhi) program, which has played a crucial role in empowering women. He urged banks to further support BC Sakhis and address any issues they may face, particularly those affected by the Paytm Payment Bank problem.

Adityanath stressed the importance of enhancing CCTV coverage for bank security and establishing a robust mechanism to provide CCTV footage to the police and administration when needed. He presented the state share to Baroda UP Gramin Bank and Aryavarta Gramin Bank, inaugurated 1.10 lakh Kisan Credit Cards and 1111 banking outlets, and provided tool kits to 10 BC Sakhis. Additionally, HDFC Bank adopted 150 Vantangiya villages and will establish 75 smart classes in these villages, as certified by RBI Chief General Manager Nisha Nambiar.

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