CM Yogi Adityanath said that efforts should be made keeping the target of increasing the CD ratio from 67 to 70 percent in the financial year 2025-26.
CM Yogi Adityanath reviewed the ‘Credit Deposit Ratio’ (CD Ratio) and ‘Mukhyamantri Yuva Udyami Vikas Abhiyan’ at a high-level meeting at his official residence. He directed that a target should be set to increase the CD ratio from 67 to 70 percent in the financial year 2025-26.
CM Yogi Adityanath while discussing the progress of ‘Mukhyamantri Yuva Udyami Vikas Abhiyan’ said that the youth of the state have the ability to move forward with vision and innovation. Under this scheme, the state government is providing capital to the youth with the help of banks so that they can contribute in the development of ‘New Uttar Pradesh of New India’. Training will also be given to the youth associated with the campaign.
The campaign was launched on 24th January 2025, Uttar Pradesh Foundation Day, with an aim to connect the vast youth population of Uttar Pradesh with employment. Under this, the target is to connect at least one lakh youth to self-employment in a year and set up one lakh new units in the product and service sector. In the first phase, each beneficiary is being given an interest-free loan of up to Rs five lakh, while in the second phase, the amount will be Rs 10 lakh. So far, about 2.5 lakh youth have registered, out of which more than 93 thousand applications have been sent to the banks. Banks have sanctioned loans worth Rs 348 crore to 9013 youth.
CM Yogi Adityanath directed the banks to expedite the process of loan disbursement under the campaign and asked them to clarify the targets of bank branches in each district. It was suggested to give priority to the youth associated with traditional works and provide loans in various sectors. Instructions were given to hold camps in all 18 mandals to streamline loan disbursement. He said that this loan will be helpful in making the youth self-reliant and increasing the business of banks.
Moreover, CM Yogi Adityanath directed that the youth should get loans in the same areas in which they have taken training. Emphasis was also laid on adopting screening process before loan application and connecting youth with marketing, designing, packaging and technology. Women, Scheduled Castes, Scheduled Tribes and Persons with Disabilities were also directed to be included in the scheme.
Describing Uttar Pradesh as a big market, CM Yogi Adityanath said that there are immense possibilities of trade and investment here. Under the guidance of Prime Minister Narendra Modi, the state government is promoting handicrafts, artisans and small traders through schemes like ‘One Janpad-One Product Yojana’, ‘Vishwakarma Shram Samman Yojana’, ‘PM Vishwakarma Yojana’, and ‘PM SVANidhi Yojana’. The MSME sector has played an important role in the state’s exports, with products worth thousands of crores of rupees being exported from districts like Moradabad, Bhadohi, Mirzapur, Varanasi and Firozabad.
CM Yogi Adityanath directed that employment fairs be organized in March-April, especially in those 20-25 districts where the CD ratio is relatively low. Employment certificates should be distributed to the selected youth by involving various companies in the fairs. Banks were asked to ensure that banking services function smoothly in villages and ‘BC Sakhi’ get their commission on time.
Appreciating the contribution of the banking sector in Prayagraj Mahakumbh-2025, the Chief Minister said that various banks have set up branches, ATMs, mobile ATMs and coin vending machines in the mela area, motivating the devotees for digital payments. He directed that State Level Bankers Committee meetings should be held every 2-3 months and District Level meetings should be held every month.
It was informed in the meeting that the total banking business of the state has increased from Rs. 12.80 lakh crore in March 2017 to Rs. 29.67 lakh crore in December 2024. During the same period, credit disbursement increased from Rs. 4.05 lakh crore to Rs. 11.08 lakh crore, thereby increasing the CD ratio by 13.43 per cent. Senior government officials and representatives of the bankers’ committee were present at the meeting.