SHILLONG: The State Assembly on Wednesday expressed concern over the low credit deposit ratio in the state with Chief Minister Mukul Sangma asserting that there is a need to change the attitude of the nationalized banks in the state in providing loan.
Replying to a question by Donkupar Roy (UDP), the Chief Minister said that the officers in the branches of nationalized banks are not responding to the actual commitment of SBI and other banks at the top level.
Earlier, raising supplementary questions, Roy said that setting up of more branches of the banks will not help, but there should be a policy on the part of the government to improve the credit deposit ratio.
Roy pointed out that there is a tendency of banks operating in the state to use the deposited money outside the state.
In reply, the Chief Minister said, “We must encourage people to take loans. The situation is that state’s own entrepreneurs are not willing to take loans”.
To a supplementary question by Paul Lyngdoh(UDP), the Chief Minister said that government funds are mainly parked in State Bank of India (SBI).
The Chief Minister said that the tentative funds parked with SBI is Rs 782.26 crore.
Lyngdoh pointed out that since the government fund is parked with SBI, there is a need to enhance the credit deposit ratio.
According to Lyngdoh, while the credit deposit ratio of SBI was 30.39 in 2012-13, the percentage was 41.02 in 2013-14 and it was 36.62 in 2014-15 which according to the legislator is smaller compared to the credit deposit ratio of neighbouring state which is 50%.
