Bhubaneswar, Oct 29: Odisha government is providing more than Rs 600 crore for interest subvention to facilitate farmers get loan at ‘zero percent’ up to Rs 50000 and at 2% up to Rs 3 lakhs, said Chief Minister Naveen Patnaik at the state level bankers committee meeting through video conferencing.
Patnaik appreciated the banking community for doing great service even during the lockdown period risking their lives.
“My deep condolences to the families of bankers who lost their lives to Covid serving the people. My Government is very serious about restoring economy both at State level and at individual household levels,” said Patnaik.
The CM said that in case of Women Self-help Groups, Mission Shakti, the 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,” said Patnaik.
The CM further said that the best performing banks would be awarded with Chief Minister’s award for Champion banks.
“I would also inform about the performance to the Union Finance Minister. As I said earlier 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 especially women, farmers, and MSMEs,” added the CM.