Gujarat slipped on PM project as banks not sync with govt schemes
Telling nationalized banks that they are “out of sync” with government schemes, Gujarat Chief Minister Vijay Rupani said on Thursday that the state fell to seventh place in the Pradhan Mantri SVANidhi (PM Street Vendor’s AtmaNirbhar scheme Nidhi) because the banks did not disburse the loans.
Addressing a meeting of bankers and NABARD officials to present the state focus document for the year 2021-22, Rupani said: “I hope that both NABARD and the banks will join the government schemes. Banks should help even individual beneficiaries to obtain loans quickly. A person approaches a nationalized bank with some hope. Banks must meet the needs of the individual. But unfortunately, it does not happen. I have figures for Pradhan Mantri SVANidhi (PM Street Vendor’s AtmaNirbhar Nidhi). Under this scheme, only Rs 10,000 of the loan (unsecured) had to be granted to small businesses during the Covid period. In Gujarat, there were 2.16 lakh applicants and the disbursement occurred in only 94,000 cases. ”
“What are the banks doing? It is the responsibility of banks to make loans to small businesses. It is a scheme of the Government of India. Why must hundreds of thousands of requests remain pending at your banks? Disbursements should be made quickly. Gujarat was in the third position and as you (the banks) could not disburse the loans, Gujarat fell to the seventh position, “said were the regional director of the Reserve Bank of India, RK Panigrahy, and the director-general of NABARD, DK Mishra.
Rupani added that in Uttar Pradesh, 4.9 lakh of people obtained these loans, in Madhya Pradesh and Telangana more than 3 lakh of people obtained loans, while only 94,000 obtained loans in Gujarat.
“Aa taal madto nathi aapno. Taal medava maate, Yojano na Sathe, banko ne daudvu duda. Banko ye jhadap thi nirnay karwa dure. Badhu ma mokalvu ne karvu head office today? Maathe levu patro ane jhadap thi nirnayo karwa patro (Our steps are not synchronized. To ensure that the steps are synchronized, the banks must move along with the schemes and have to decide quickly. What is the sense of sending everything to the central office? You have to take responsibility and decide, ”he said in Gujarati.
The prime minister also pointed out how the nationalized banks have not come forward even regarding the welfare plans implemented by the Gujarat government during the Covid pandemic. “The Gujarat government has also introduced many schemes… We made a scheme to make 10 lakh women self-employed. The loans of 1 billion rupees were to be made without interest. The banks are not giving loans … We had made an arrangement whereby the banks would not lose a single rupee … During Covid, it was the cooperative banks that came forward because those chosen by the people are in command, “he said. while speaking of the “Chief Minister’s Wife Enhancement Scheme.”
Giving another example, Rupani said: “Under the Atmanirbhar Gujarat package, loans of 2.5 billion rupees were made at two percent interest. The government has absorbed 6 percent interest. Banks are safe. This situation must change. ”
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