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West Bengal’s credit-deposit ratio improving, says Mitra

 MPost |  2015-12-18 00:37:32.0  |  Kolkata

West Bengal’s credit-deposit ratio improving, says Mitra

West Bengal’s credit-deposit ratio, an indicator of loan disbursal of a state, was improving satisfactorily, notably in some districts, state finance minister Amit Mitra said.

“The credit-deposit ratio in West Bengal is improving, at least in seven districts,” Mitra said at the ICC banking summit here on Thursday.

Howrah district had registered 9.63 per cent growth, Uttar Dinajpur 6.45 per cent, Nadia 16.43 per cent, Murshidabad 8.53 per cent and Malda 3.03 per cent. “Traditionally, these were considered as backward districts. But now the improved credit-deposit ratio shows there is entrepreneurship and increased economic activity there,” he said. About promoting start-ups in the state, he said the government was taking measures to give a fillip to these ventures.

A corpus of Rs 200 crore is available for availing funds for start-ups. The provision had been made out of the state budget, he added.

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