The bankers should target sectors such as agriculture, horticulture, tourism and services in Himachal Pradesh for increasing the credit-deposit ratio and ensuring all-round and robust development, Chief Minister Jai Ram Thakur said on Tuesday.
The credit-deposit ratio in the state is 35.47 per cent which is quite low as compared to the national average of 75.64 per cent, he said while presiding over the state level bankers' conference here.
The banking sector should create conducive atmosphere for people to go for institutional loans, Thakur said, adding that the efforts would be made to bring co-operative banks in the state under the preview of Credit Guarantee Fund Trust for Micro and Small Entrepreneurs (CGTMSE) for availing credit guarantee coverage for collateral free loans.
The banks should also simplify cumbersome documentation and procedure requirements for availing banks loan, he added.
A survey conducted in the state has found that a large proportion of households accessed non-institutional sources for loans, he said adding that only about 46.51 percent household opted for institutional loans, thus the bankers should come up with easy and simple procedure for financing.
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