Odisha CM Urges Bankers to Extend Help to Poor and Needy

The CM called for unstinted support from bankers on three important interventions – credit to farmers, credit to Mission Shakti SHGs and credit to MSMEs.

Bhubaneswar: Odisha Chief Minister Naveen Patnaik today urged the bankers to extend help to the poor and needy as Covid pandemic has impacted both lives and livelihoods of the people.

Speaking at the state level bankers committee meeting, the Chief Minister said, “If doctors have a major role in saving lives, Bankers have a major role in saving livelihoods. I am sure all of you will raise to the occasion in helping the poor and needy. Esp.- Women, Farmers, and MSMEs”.

Naveen said, “Covid as a Pandemic has impacted both lives and livelihoods. Doctors and Covid Warriors are fighting to save lives. Bankers are also Covid Warriors as you are central in our fight to revive and restore livelihoods. I take this opportunity to appreciate the banking community for doing great service even during the lockdown period risking your lives. My deep condolences to the families of Bankers who lost their lives to Covid serving the people”.
The Chief Minister asserted that his Government is very serious about restoring economy both at State level and at individual household levels.

The CM called for unstinted support from bankers on three important interventions – credit to farmers, credit to Mission Shakti SHGs and credit to MSMEs.

“We are providing more than 600 crore rupees for interest subvention to facilitate farmers get loan at ‘Zero percent’ up to 50 Thousand rupees and at 2% up to Rupees 3 lakhs. We also have our ‘Balaram’ Scheme to help our Share Croppers”, he said.
In case of Women Self-help Groups, Mission Shakti, My Government is providing 100% interest subvention up to Rs.3 lakhs making it interest free.

Similarly for MSMEs State has designed some interest subvention to boost the sectors. I would be closely monitoring Credit Flow to these three crucial sectors and have a district wise review with Collectors and bankers jointly by the end of November, he added.

Best performing banks would be awarded with Chief Minister’s award for Champion banks, the CM further stated.