WB credit-deposit ratio rises; still below national average

West Bengal's credit-deposit (C/D) ratio, a key indicator of a state's credit offtake, has inched-up to 68 per cent, but was still below the national average of more than 70 per cent.
West Bengal Finance Minister Amit Mitra, who chaired the State Level Banker's Committee meeting here today, told reporters that the C/D ratio of the state had increased from 67 per cent to 68 per cent.
"It was below the national average, which was little more than 70 per cent," he said.
The minister said that credit disbursements to the minority and the SC/ST sectors had increased considerably in the state.

Minority sector lending increased from 16 per cent to 18 per cent in the financial year 2014-15.
SME disbursements by the banks also increased by 92 per cent as against other states which had registered around 40 per cent rise, Mitra said.

Distribution of Kisan Credit Cards in the financial year 2015 increased to 17.31 lakh from 6.34 lakh in FY14.
Average credit given to the self-help groups (SHGs) increased from Rs 72,000 to Rs 90,000.
Mitra also said that he would convene four meetings in the coming two weeks to review the progress made on all these fronts again.