The 178th State Level Bankers’ Committee (SLBC) was held on March, 2025 under the co-chairmanship of DC-cum-ACS to Government of Odisha, Smt. Anu Garg and Executive Director, UCO Bank, Sri V.N. Kamble. Smt. Anu Garg in her address, highlighted the need for achieving 100 percent Annual Credit Plan (ACP) target to the tune of Rs. 2.11 lakh crore for the FY 2024-25.
Due attention has to be laid by all banks on credit flow to Housing, Education and Export sector. Development Commissioner cum ACS emphasized on minimising the regional imbalance in credit flow to all segments of the society including women, SC & ST and weaker section. Smt. Garg emphasized on adequate financing under PM-SVANidhi as the scheme is being reviewed regularly by Hon’ble Prime Minister.
She urged upon the bankers to support recently launched “Financial Assistance to Cold Storage” scheme, aimed at strengthening storage eco system of the State to minimize the post-harvest loss and prevent distress sale by farmers. DC. Smt. Garg, urged all banks to extend higher quantum of credit to improve the Credit to GSDP ratio of the State.
Development Commissioner announced the ACP target of Rs.2.52 lakh crore for FY 2025-26 as per the projection of NABARD. Executive Director, UCO Bank, Sri. Kamble has appreciated the bankers for achieving 68.95% of Annual Credit Plan (ACP) target as on 31st December and 100% target in all social security schemes like PMJJBY, PMSBY and PMJDY.
He urged upon the banks to put concerted efforts to achieve 100% ACP (Rs. 2.11 lakh crore) for the FY 2024-25. He expressed his concerns regarding poor performance of bankers in PM- Vishwakarma scheme, reduced no.of applications for SHG Loan and registration issues in Housing sector.
Regional Director, RBI, Dr. S.P. Mohanty in his speech, pointed out the high retail and food price inflation in Odisha, low credit growth rate in the State as compared to National Level and the initiative taken by RBI to promote financial literacy and cyber security across the State. Pr. Secretary, Finance Department, Sri Saswat Mishra has also emphasized on improving performance by private sector banks in Govt. sponsored schemes like PMEGP, PMFME, PM Mudra, Stand up India. He suggested to form a separate committee to examine credit flow in Housing and Education sector.
