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Bhopal City
Small, cottage industry network will be laid from village to village: CM
17-10-2014

BHOPAL: Terming banks’ role as vital in success of schemes, Madhya Pradesh Chief Minister Shivraj Singh Chouhan, said that a network of small and cottage industries will be laid from village to village in the state.

Addressing a meeting of state level bankers advisory committee here on Thursday, the chief minister said that targets of women’s self-help groups would be doubled every year. A campaign will be launched to provide credit cards to cent percent weavers and credit cards of remaining farmers will also be prepared.

The Chief Minister asked the bankers to extend creative and enthusiastic contribution in making Madhya Pradesh number one state in the country. He asked the banks to provide loan facility to small and cottage industries equal to big industries.

He said that Madhya Pradesh will be developed as manufacturing hub of Make in Madhya Pradesh to realise Prime Minister’s dream of Make in India. Madhya Pradesh will become driving force of Indian economy. As many as 10 lakh houses will be constructed for the poor in next 5 years under Mukhyamantri Grameen Aawas Mission. Attention will be paid to industries also along with agriculture for making Madhya Pradesh a pioneer state.

The state has immense potential in food processing, organic farming, tourism and construction sectors. During last 8 years, Madhya Pradesh’s growth rate has been about 9 percent. This year state’s growth rate of 11.08 percent is the highest in the country. Agriculture growth rate of 24.99 percent is also the highest in the country. Excellent work has been done in previous years in infrastructure sector pertaining to power, water and roads.

Madhya Pradesh is power-surplus while a number of states are gripped by power crisis. Power is being supplied 24X7 in villages, cities and industries. Chouhan also urged banks to extend cooperation in state’s ambitious schemes.

The Chief Minister said that climate of investment has improved in the state following recent Global Investors Summit. Schemes like Mukhyamantri Yuva Udyami Yojana and Mukhyamantri Karigar Swarozgar Yojana have been launched in the state, which are bringing about a revolution in Madhya Pradesh. The state government has instituted venture capital fund to promote and motivate innovative entrepreneurship ideas.

Bankers should keep trust in youths and make available loans to them for higher education and industries. It was informed that 38 lakh accounts have been opened in the state under Pradhan Mantri Jan-Dhan Yojana, which is maximum in the country. Chouhan desired banks’ cooperation in opening cent percent bank accounts under the scheme. He asked the bank to take serious note of complaints regarding loan sanction and release of amounts under schemes. A transparent mechanism should be evolved for dealing with schemes for which applications are presented in excess number. He also suggested to make lump sump payment for housing schemes.