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Bank credit on the rise in rural Odisha: Centre
The New Indian Express Sambalpur
|July 31, 2025
UNION Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha on Wednesday that rural and tribal regions of Odisha have recorded a positive growth in the priority sector lending over the last three years.
Replying to a query from BJD MP Sasmit Patra, the union minister said the compound annual growth rate (CAGR) of bank credit in Odisha over the last three years is 11.41 per cent while tribal districts like Kandhamal, Koraput and Malkangiri have recorded CAGR of 8.28 pc, 11.79 pc, and 14.25 pc respectively.
Chaudhary said the credit deployment at district level is guided by the annual credit plan (ACP) finalised by the state level bankers' committee (SLBC) based on the potential linked credit plan (PLP) prepared by NABARD.
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