CM tells SBI’s CGM (MP-CG) to quickly approve loan amount for street vendors

On Wednesday, Chief Minister Shivraj Singh Chouhan met with SBI CGM (MP-CG) Umesh Pandey.

Journalist :

State Bank of India (Madhya Pradesh-Chhattisgarh) Managing Director Umesh Pandey met Chief Minister Shivraj Singh Chouhan on Wednesday. The chief minister asked him to quickly approve the loan programs implemented for street vendors. Various public welfare programs in particular, the Swanidhi program, also known as Pradhan Mantri Atmanirbhar Nidhi street vendors, were discussed in detail. Discussions also took place regarding the approval of the Chief Minister’s Rural Street Vendors Program and the implementation of the program.

CM said that the status of disbursement of the amount under the program will be discussed in detail at the next meeting of the State Bankers Committee. He said it is a plan for the welfare of the poor. Small traders, who trade on a small scale in towns and roadside villages by setting up kiosks or handcarts, should benefit from easy loan assistance; efforts should be made to increase it.

At present, complaints of delay in approving such cases have been received from some districts. The needy people doing small scale business should get the loan amount easily, this effort should be done at the bank branch level. At the same time, joint efforts must be made at the level of the government and the banks so that the loan granted to these beneficiaries is also repaid. He said that small-scale traders are generally not aware of the technical aspects of bank lending, therefore their difficulties should be resolved at the banking level.

Chief Executive Officer Umesh Pandey assured the Chief Minister that he would be assured that this work is not delayed. All bank branches have been directed by the Headquarters of State Bank of India for immediate approval of small business loan programs. The State Bank of India is committed to the welfare of the poor. Rajesh Saxena, Managing Director of State Bank of India, was also present at the meeting.

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