Bhubaneswar, Nov 2 (KNN) Urging the Banks in Odisha to scale up loan disbursement under MUDRA Scheme, Union Petroleum and Natural Gas Minister Dharmendra Pradhan has asked them to create their own Odiya Portal to make the poor and interested small entrepreneurs from MSME Sector aware of MUDRA Schemes.

Pradhan reviewed the progress of implementation of MUDRA scheme in the state.

While reviewing the scheme, Pradhan lamented the dismal performance of PSBs, RRBs and Private Banks in disbursing small loans in comparison to Micro Credit Institutions (MFI) and NBFCs in the state.

He said this year around 30 lakh people will be benefitted under the scheme. It was resolved to increase the share of the public sector banks under MUDRA scheme.

He called upon the PSBs, RRBs and Private Banks to raise the flow of credit to the people from the present 35 per cent to at least 45 per cent in the current 2016-17 financial year and expand their small loan disbursement in tribal dominated pockets such as Kalahandi and Kandhamal.

The Union Minister urged the banks to provide at least 30 lakh beneficiaries MUDRA loan in the current fiscal and asked the PSBs and RRBs to train at least 5 lakh youth, women and poor entrepreneurs this year under various training programmes in their Rural Self Employment Training Institute (RSETI).

Pradhan said more and more banking correspondence should be deployed in rural pockets and un-bankable areas to create awareness and sensitize rural folk about MUDRA Scheme besides expanding the financial inclusion in several parts of the state.

The Minister also said that emphasis will also be on training to develop entrepreneurship. Rural self-employment training centres will be used for skilling the youth. (KNN Bureau)