Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fc868aa6451-trace').style.display = (document.getElementById('cakeErr67fc868aa6451-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67fc868aa6451-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fc868aa6451-code').style.display = (document.getElementById('cakeErr67fc868aa6451-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fc868aa6451-context').style.display = (document.getElementById('cakeErr67fc868aa6451-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fc868aa6451-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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		&#039;title&#039; =&gt; &#039;Fragmented Bengal funds other states&#039;,
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-The Telegraph
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&amp;nbsp;
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&lt;div style=&quot;text-align: justify&quot;&gt;
RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.
&lt;/div&gt;
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&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The ratio in rural Bengal is much lower than the national average of 59.39 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;No special relief&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.
&lt;/div&gt;
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.
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&lt;br /&gt;
&lt;/div&gt;&#039;,
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-The Telegraph


&amp;nbsp;


RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





The erstwhile Left government used to blame banks for the skewed ratio. But...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Telegraph&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The ratio in rural Bengal is much lower than the national average of 59.39 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;No special relief&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;title&#039; =&gt; &#039;Fragmented Bengal funds other states&#039;,
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	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
-The Telegraph
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The ratio in rural Bengal is much lower than the national average of 59.39 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;No special relief&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.
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-The Telegraph


&amp;nbsp;


RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





The erstwhile Left government used to blame banks for the skewed ratio. But...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Telegraph&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The ratio in rural Bengal is much lower than the national average of 59.39 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;No special relief&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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-The Telegraph


&nbsp;


RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





The erstwhile Left government used to blame banks for the skewed ratio. But..."/>
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                <strong>Fragmented Bengal funds other states</strong></h1>
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                <div style="text-align: justify">-The Telegraph</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &mdash; a fallout of the land reforms.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &mdash; the credit-deposit ratio stood at 63.69 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&rdquo; the RBI governor said. &ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&rdquo; said a senior official of a government-owned bank.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&rdquo; he explained. &ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bengal government&rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The ratio in rural Bengal is much lower than the national average of 59.39 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A senior official of Nabard, which focuses on agriculture and rural credit, also said that &ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&rdquo; in Bengal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &mdash; the first such scheme initiated by Nabard in the whole country,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>No special relief</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&rdquo; Subbarao said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.</div><div style="text-align: justify"><br /></div>               </font>
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-The Telegraph
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&amp;nbsp;
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RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
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The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.
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After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The ratio in rural Bengal is much lower than the national average of 59.39 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;No special relief&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
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	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Fragmented Bengal funds other states&#039;,
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-The Telegraph


&amp;nbsp;


RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





The erstwhile Left government used to blame banks for the skewed ratio. But...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Telegraph&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The ratio in rural Bengal is much lower than the national average of 59.39 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;No special relief&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 11744,
	&#039;title&#039; =&gt; &#039;Fragmented Bengal funds other states&#039;,
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	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
-The Telegraph
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The ratio in rural Bengal is much lower than the national average of 59.39 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;No special relief&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
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-The Telegraph


&amp;nbsp;


RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





The erstwhile Left government used to blame banks for the skewed ratio. But...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Telegraph&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The ratio in rural Bengal is much lower than the national average of 59.39 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;No special relief&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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-The Telegraph


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RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





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                <strong>Fragmented Bengal funds other states</strong></h1>
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                <div style="text-align: justify">-The Telegraph</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &mdash; a fallout of the land reforms.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &mdash; the credit-deposit ratio stood at 63.69 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&rdquo; the RBI governor said. &ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&rdquo; said a senior official of a government-owned bank.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&rdquo; he explained. &ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bengal government&rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The ratio in rural Bengal is much lower than the national average of 59.39 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A senior official of Nabard, which focuses on agriculture and rural credit, also said that &ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&rdquo; in Bengal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &mdash; the first such scheme initiated by Nabard in the whole country,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>No special relief</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&rdquo; Subbarao said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.</div><div style="text-align: justify"><br /></div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fc868aa6451-trace').style.display = (document.getElementById('cakeErr67fc868aa6451-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67fc868aa6451-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fc868aa6451-code').style.display = (document.getElementById('cakeErr67fc868aa6451-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fc868aa6451-context').style.display = (document.getElementById('cakeErr67fc868aa6451-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fc868aa6451-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
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-The Telegraph
&lt;/div&gt;
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&amp;nbsp;
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RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.
&lt;/div&gt;
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&lt;br /&gt;
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In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.
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Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The ratio in rural Bengal is much lower than the national average of 59.39 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;No special relief&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
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	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Fragmented Bengal funds other states&#039;,
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-The Telegraph


&amp;nbsp;


RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





The erstwhile Left government used to blame banks for the skewed ratio. But...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Telegraph&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The ratio in rural Bengal is much lower than the national average of 59.39 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;No special relief&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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	&#039;id&#039; =&gt; (int) 11744,
	&#039;title&#039; =&gt; &#039;Fragmented Bengal funds other states&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;
-The Telegraph
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;nbsp;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The ratio in rural Bengal is much lower than the national average of 59.39 per cent.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;em&gt;No special relief&lt;/em&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;&#039;,
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-The Telegraph


&amp;nbsp;


RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





The erstwhile Left government used to blame banks for the skewed ratio. But...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Telegraph&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;nbsp;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;RBI governor D. Subbarao has expressed concern over Bengal&amp;rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &amp;mdash; a fallout of the land reforms.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &amp;mdash; the credit-deposit ratio stood at 63.69 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&amp;rdquo; the RBI governor said. &amp;ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &amp;ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&amp;rdquo; said a senior official of a government-owned bank.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&amp;rdquo; he explained. &amp;ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&amp;rdquo;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Bengal government&amp;rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The ratio in rural Bengal is much lower than the national average of 59.39 per cent.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;A senior official of Nabard, which focuses on agriculture and rural credit, also said that &amp;ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&amp;rdquo; in Bengal.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &amp;mdash; the first such scheme initiated by Nabard in the whole country,&amp;rdquo; he added.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;em&gt;No special relief&lt;/em&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &amp;ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&amp;rdquo; Subbarao said.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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-The Telegraph


&nbsp;


RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





The erstwhile Left government used to blame banks for the skewed ratio. But..."/>
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                <strong>Fragmented Bengal funds other states</strong></h1>
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                <div style="text-align: justify">-The Telegraph</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &mdash; a fallout of the land reforms.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &mdash; the credit-deposit ratio stood at 63.69 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&rdquo; the RBI governor said. &ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&rdquo; said a senior official of a government-owned bank.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&rdquo; he explained. &ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bengal government&rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The ratio in rural Bengal is much lower than the national average of 59.39 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A senior official of Nabard, which focuses on agriculture and rural credit, also said that &ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&rdquo; in Bengal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &mdash; the first such scheme initiated by Nabard in the whole country,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>No special relief</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&rdquo; Subbarao said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.</div><div style="text-align: justify"><br /></div>               </font>
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-The Telegraph
</div>
<div style="text-align: justify">
&nbsp;
</div>
<div style="text-align: justify">
RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &mdash; a fallout of the land reforms.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &mdash; the credit-deposit ratio stood at 63.69 per cent.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&rdquo; the RBI governor said. &ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&rdquo; he added.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&rdquo; said a senior official of a government-owned bank.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&rdquo; he explained. &ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&rdquo;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The Bengal government&rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The ratio in rural Bengal is much lower than the national average of 59.39 per cent.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
A senior official of Nabard, which focuses on agriculture and rural credit, also said that &ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&rdquo; in Bengal.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &mdash; the first such scheme initiated by Nabard in the whole country,&rdquo; he added.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>No special relief</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&rdquo; Subbarao said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.
</div>
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<br />
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-The Telegraph


&nbsp;


RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





The erstwhile Left government used to blame banks for the skewed ratio. But...',
	'disp' => '<div style="text-align: justify">-The Telegraph</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &mdash; a fallout of the land reforms.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &mdash; the credit-deposit ratio stood at 63.69 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&rdquo; the RBI governor said. &ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&rdquo; said a senior official of a government-owned bank.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&rdquo; he explained. &ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bengal government&rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The ratio in rural Bengal is much lower than the national average of 59.39 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A senior official of Nabard, which focuses on agriculture and rural credit, also said that &ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&rdquo; in Bengal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &mdash; the first such scheme initiated by Nabard in the whole country,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>No special relief</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&rdquo; Subbarao said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.</div><div style="text-align: justify"><br /></div>',
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-The Telegraph
</div>
<div style="text-align: justify">
&nbsp;
</div>
<div style="text-align: justify">
RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &mdash; a fallout of the land reforms.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &mdash; the credit-deposit ratio stood at 63.69 per cent.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&rdquo; the RBI governor said. &ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&rdquo; he added.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&rdquo; said a senior official of a government-owned bank.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&rdquo; he explained. &ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&rdquo;
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The Bengal government&rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The ratio in rural Bengal is much lower than the national average of 59.39 per cent.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
A senior official of Nabard, which focuses on agriculture and rural credit, also said that &ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&rdquo; in Bengal.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
&ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &mdash; the first such scheme initiated by Nabard in the whole country,&rdquo; he added.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
<em>No special relief</em>
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&rdquo; Subbarao said.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.
</div>
<div style="text-align: justify">
<br />
</div>',
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-The Telegraph


&nbsp;


RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.





The erstwhile Left government used to blame banks for the skewed ratio. But...'
$disp = '<div style="text-align: justify">-The Telegraph</div><div style="text-align: justify">&nbsp;</div><div style="text-align: justify">RBI governor D. Subbarao has expressed concern over Bengal&rsquo;s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings &mdash; a fallout of the land reforms.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state &mdash; the credit-deposit ratio stood at 63.69 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,&rdquo; the RBI governor said. &ldquo;However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. &ldquo;Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,&rdquo; said a senior official of a government-owned bank.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,&rdquo; he explained. &ldquo;In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.&rdquo;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Bengal government&rsquo;s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent).</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The ratio in rural Bengal is much lower than the national average of 59.39 per cent.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">A senior official of Nabard, which focuses on agriculture and rural credit, also said that &ldquo;the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend&rdquo; in Bengal.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&ldquo;In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups &mdash; the first such scheme initiated by Nabard in the whole country,&rdquo; he added.</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>No special relief</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. &ldquo;No exception will be made in respect to ways and means advances (WMA) to Bengal,&rdquo; Subbarao said.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.</div><div style="text-align: justify"><br /></div>'
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Fragmented Bengal funds other states

-The Telegraph   RBI governor D. Subbarao has expressed concern over Bengal’s low credit-deposit ratio, which means that funds from the cash-starved state are actually meeting the borrowing needs elsewhere. The erstwhile Left government used to blame banks for the skewed ratio. But bankers have blamed it on the poor credit absorption capacity of rural Bengal because of fragmented land holdings — a fallout of the land reforms. After a meeting with chief minister Mamata Banerjee, Subbarao told reporters that the credit-deposit ratio (the percentage of deposits lent by banks to borrowers in the state) for Bengal was 62 per cent against the national average of 74 per cent. According to RBI data, all scheduled commercial banks operating in the state lent only Rs 1,99,582 crore while they mobilised Rs 3,13,348 crore as deposits from the state — the credit-deposit ratio stood at 63.69 per cent. In comparison, the credit-deposit ratio for states such as Andhra Pradesh was 110 per cent. In other words, states like Bengal with a low credit-deposit ratio funded the borrowing needs of people in Andhra Pradesh. “We would ask banks in the state to extend credit so that the credit-deposit ratio is improved,” the RBI governor said. “However, the state government would also have to take steps to increase the demand for loans from the agriculture and manufacturing sectors,” he added. Senior bankers said they had performed better in the second quarter ended September in terms of credit delivery to priority areas like agriculture and small-scale industries. But they are yet to cross nearly half the path to achieve 100 per cent financial inclusion by March 2012. Former finance minister Asim Dasgupta had blamed banks for the low credit-deposit ratio of the state. Bankers, however, said the credit/loan absorption capacity of people in the state had been low. “Small landholdings and low credit absorption capacities of people in rural Bengal are reasons for the low credit-deposit ratio in the state,” said a senior official of a government-owned bank. “Following the land reforms, many small farmers and agricultural workers have got small pieces of land, which limited their ability to borrow,” he explained. “In Bengal, 95 per cent of farmers are small or marginal and account for 84 per cent of landholdings.” The Bengal government’s Economic Review 2010-11 shows that the credit-deposit ratio in rural Bengal is the lowest at 34.56 per cent, compared with that of Gujarat (46.22 per cent), Maharashtra (74.03 per cent), Kerala (72.61 per cent), Tamil Nadu (95.56 per cent), Punjab (53.94 per cent) and Uttar Pradesh (47.63 per cent). The ratio in rural Bengal is much lower than the national average of 59.39 per cent. A senior official of Nabard, which focuses on agriculture and rural credit, also said that “the fragmented, small landholdings limited the credit absorption capability of people, and banks were finding it difficult to lend” in Bengal. “In order to circumvent this problem, Nabard has launched in the state a scheme for lending to joint liability groups — the first such scheme initiated by Nabard in the whole country,” he added. No special relief The RBI chief said no special treatment would be extended to Bengal to tide itself over temporary mismatches in its cash flow of receipts and payments. “No exception will be made in respect to ways and means advances (WMA) to Bengal,” Subbarao said. States get advances from the RBI under the WMA scheme to meet their temporary needs. A state gets advances for 90 days in a financial year under the normal WMA. From April till July this year, Bengal had already taken normal WMA for 40 days and special WMA for 79 days.