Prime Minister Narendra Modi will visit the State between September 25 and October 2 to give a much needed thrust to the Mundra Bank scheme in Jharkhand, said Chief Minister Raghubar Das to bankers on Sunday. The day when the PM will hold a programme in Dumka, the State Government will hold special camps in all district headquarters of the State, the CM informed.
The CM, while holding a high-level meeting with MoS (Finance) Jayant Sinha along with senior bank officials of the State, said that the purpose of Mudra Bank is to financially aid the youths, educated persons, trained entrepreneurs and other needy persons so that they do not get victimised by middlemen and other persons of unorganised sector.
Given the fact that a large number of people living in villages and rural settlements could not take advantage of Government schemes due to lack of awareness, district administration and bankers have to ensure that the Mudra Bank scheme reaches the last person of society so that the common masses could participate in the process of financial inclusion, said Chief Minister Raghubar Das on Saturday.
“About one lakh persons have been aimed to be attached with Mudra Bank and `200 crore loan will be granted to them. The State Government expects that banks work in mission mode to give financial help to women SHGs to empower women in the State. The government wants that small entrepreneurs, skilled youths and others do not stay behind due to scarcity of funds. They need to be financially self-dependent to become partners in economic development of the nation,” Das further said.
The CM informed that as per the scheme small entrepreneurs have to be given low interest loans of `50,000 to `10 lakh. He also said that for better cash flow the loan amount should be properly utilised and returned to banks in time so that small loans could be repaid and big loans could be taken for garnering proper capital. This would also encourage economic independence and entrepreneurship.
MoS, Finance, Jayant Sinha said on the occasion that Jharkhand has set a milestone by achieving the target of PMJDY within five months itself. He expressed hope that the bankers would also take Mudra Bank scheme as a mission and maximum people get benefitted from it.
He said that under the Mudra Bank scheme small business sector will get financial aid through three types of loans ranging from `50,000 to `10 lakh. He instructed the bankers present in the meeting to encourage digital banking, core banking and mobile banking under the scheme.
He asked to make available all information to locals about Mudra Bank to keep clarity on the scheme. He asked to inculcate habit of loan repayment among people so that borrowers get ahead financially and their examples are set as ideals for others.
Principal Secretary of Finance, Amit Khare; Principal Secretary of Rural Development, NN Sinha; Secretary to CM, Sunil Barnwal, GM, RBI, Patric Barla; GM, NABARD, Subrat Mandal; SLBC Convenor, Mrityunjay Gupta; Jharkhand Gramin Bank Chairman, Brajlal; RM, Bank of India, Shankar Prasad; DGM, Allahabad Bank, GP Gaur; AGM of SBI, Kamlakar Singh among other senior officials were present in the meeting.