Tripura asks banks to release sanctioned funds

The Tripura Government has asked bankers to release funds against all government-sponsored and sanctioned schemes including PMRY within this month.

The State Level Bankers’ Committee, which held a meeting here on Friday reviewed the overall performance of nationalised banks.

In the meeting it was revealed that the percentage of fund disbursement for the self-employment schemes was very low in comparison to the government-sanctioned projects.

Commissioner SK Das, who represented the State Government in the meeting, asked the bankers to release funds against all sanctioned schemes at the earliest.

Mr. Das said all the nationalised banks have sanctioned 2,864 PMRY proposals involving Rs 25.58 crore. But against this sum, they disbursed only Rs 4.60 crore till date. Similarly, only Rs 2.44 crore was released under Swabalambayan scheme out of total allocation of Rs 4.59 crore. “Bank authorities were asked to disburse all the sanctioned schemes by June 30 next”, the Commissioner said. 

The poor Credit-Deposit Ration (CDR) was also discussed in the meeting, he said adding that representatives of banks were also requested to increase CDR in the State. Bank officials claimed that had the ‘one-time settlement’ not been taken up the CDR would have been at higher scale. Bankers were also requested to relocate their branches, which had earlier been shifted to distant areas due to militancy-related problems.

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