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Odisha CM Urges Private Banks to Offer More Loans Under Welfare Schemes

in State News 2 days ago Comments Off on Odisha CM Urges Private Banks to Offer More Loans Under Welfare Schemes 160 Views

Bhubaneswar:1/7/25:Odisha Chief Minister Mohan Charan Majhi held discussions today at Lok Seva Bhavan with representatives of ICICI Bank, Axis Bank, and HDFC Bank, advising them to extend more loans under various welfare schemes for the poor.

He pointed out that the performance of these private banks in Odisha has been unsatisfactory, particularly in schemes such as agricultural loans, PM Employment Generation Programme (PMEGP), PM SVANidhi, Stand-Up India, housing loans, education loans, and export credit. Citing their poor involvement, the state government had on June 21, 2025, removed these banks from its Empanelled List.

The Chief Minister emphasized that under the leadership of Prime Minister Narendra Modi, the Central Government is implementing numerous poverty alleviation schemes. He said the state’s goal is to integrate poor citizens into the financial ecosystem through loans, boosting their livelihoods and income generation.

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Majhi noted that these three banks play a crucial role in delivering such schemes, but their low loan disbursement in Odisha is a matter of concern. He advised them to increase outreach and credit support to eligible beneficiaries.

The bank officials responded positively to the CM’s advice and assured him that they are keen to improve their performance and will ensure better loan coverage under welfare schemes soon.

The Chief Minister’s Principal Secretary, Shri Shashwat Mishra briefed the meeting on the current performance data of the banks.

Participants:

  • From Axis Bank: Executive Director Shri Munish Sarada, Govt. Business Country Head Shri Anil Agrawal, East Regional Head Shri Saurabh Dutta

  • From HDFC Bank: Country Head Smita Bhagat, East Head of Branch Banking Shri Sandeep Kumar, Regional Head Shri Deepak Singh

  • From ICICI Bank: Business Head Shri Sumit Mehrotra, Odisha City Business Head Shri Binod L., Regional Head Shri Amiya Nayak

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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