SLBC pushes for implementation of Govt schemes

Pioneer News Service

Ranchi

The 95th meeting of the State Level Bankers’ Committee (SLBC) was held today at Project Bhawan. Arva Rajkamal (IAS), Secretary of the Industries Department, Government of Jharkhand, praised the outstanding performance and remarkable achievements of banks in the state over recent years.

He called upon the banks to sustain this excellence while further strengthening their active role in the effective implementation of state- and centrally-sponsored schemes. He remarked that banks are key pillars of economic development and that their active participation, innovative initiatives, and commitment to financial inclusion provide fresh impetus to the state’s economic progress.

Guru Prasad Gond, General Manager (SLBC), Bank of India, Regional General Manager’s Office, Ranchi. In his address, Gond informed the gathering that the Credit-Deposit ratio of Jharkhand state has been witnessing a consistent positive trend. He noted that the ratio reached 53.78% by the quarter ending March 2026, marking an increase of 6.11 percentage points compared to the previous year. Gond also highlighted that the state was awarded the first prize in the ‘Medium Category’ by the PFRDA for achieving over 169.60% of the target set under the Atal Pension Yojana during the 2025-26 financial year.

Anjani Kumar Thakur, Director, Department of Financial Services, Ministry of Finance (Government of India), highlighted the importance of the Central Government’s flagship schemes in his address. He placed special emphasis on the effective implementation of the ‘Pradhan Mantri Surya Ghar: Muft Bijli Yojana’. He advised all banks to focus specifically on this scheme and ensure widespread publicity among the general public so that the maximum number of beneficiaries could avail of its benefits.

Alao participating in the event, Deepmala Ghosh, Chief General Manager of NABARD (Jharkhand Regional Office), urged banks to establish strong coordination with relevant state departments regarding agricultural credit—particularly in the animal husbandry and fisheries sectors—to boost incomes in rural areas.

Moving forward with the program, Raksha Mishra, Regional Director of the Reserve Bank of India (Ranchi Regional Office), commended the satisfactory performance of the state’s banking sector during the 2025-26 fiscal year at the 95th quarterly meeting of the SLBC Jharkhand. She noted that, driven by growth in deposits and credit, the state’s Credit-Deposit (CD) Ratio had risen to 53.78 percent, with the MSME sector also making a significant contribution. She called upon banks to further improve the CD Ratio, increase credit flow to agriculture and allied sectors, expedite the resolution of pending Re-KYC cases, and ensure the timely achievement of NSFI 2025-30 targets.