Pradhan said the youth will benefit from the endeavour.
Pradhan and Sarangi visited the state for the first time after becoming Union Ministers in the second term of the Narendra Modi-led NDA government.
"There has been good progress in restoration and around 30 per cent hotels are currently functional. Loan restructuring for the hotel industry has been initiated as per the RBI guidelines," Pradhan said.
He also suggested that banks should expedite loan processing and restoration of ATMs and point of sales (POS) devices before the upcoming Rath Yatra festival scheduled to be held in the first week of July.
Pradhan urged insurance providers to consider the request of hotel association members for around 30 per cent interim payment.
He also suggested the banks to conduct a one-day brainstorming with all stakeholders to develop a blueprint for the economic revival of the affected areas by leveraging the power of MUDRA loans and the expertise of FINTECH agencies.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)