Focus on credit flow to farmers SHGs MSMEs Odisha CM tells bankers

    Bhubaneswar, Oct 29 (PTI) Odisha Chief Minister Naveen
Patnaik on Thursday applauded bankers for their services
during the COVID-19 crisis and urged them to focus on credit
flow to farmers, self-help groups and MSMEs to revive the
state's economy.
    The chief minister also said he would closely monitor
loan advances to the three crucial sectors and review the
progress with collectors and bankers jointly by the end of
November.
    He said credit to farmers, self-help groups and MSMEs
is required, for which bankers' support is essential.
    The state government is providing more than Rs 600
crore for interest subvention to facilitate advances to
farmers at zero per cent interest rate for loans up to Rs
50,000 and at two per cent for credit up to Rs 3 lakh, he
said.
    "We also have 'Balaram' scheme to help our
sharecroppers," he said.
    For women self-help groups under the Mission Shakti,
the state government is providing 100 per cent interest
subvention up to Rs 3 lakh, he said.
    The state has also designed some interest subvention
scheme to boost the MSME sector, the chief minister said.
    "Apart from doctors and other healthcare staffers,
bankers are also COVID warriors as you are central in our
fight to revive and restore livelihoods," Patnaik said while
addressing a State Level Bankers' Committee (SLBC) meeting
here.
    Expressing condolences to the families of bankers who
have lost their lives due to the infection, Patnaik
appreciated the efforts of the banking community for extending
their services. PTI AAM
BDC BDC

(This story has not been edited by THE WEEK and is auto-generated from PTI)