Financial Institutions needs lot more to do for Bihar: Nitish

Written by: Pti
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Patna, Feb 12 (PTI) Bihar Chief Minister Nitish Kumartoday said the development had been paced in the state becauseof "sustained initiatives and investments" but financialinstitutions required lot more to do for the purpose.

"The development of the state has been paced because ofour personal initiatives and investments by the stategovernment... Financial institutions have lot more to do forachieving a complete turnaround", Kumar said while addressinga function organised by the state social welfare department.

Stating that there were several steps which the financialinstitutions have to adopt, the Chief Minister said it wouldhelp boost investments in Bihar.

"There are several such institutions in the state whichhave failed to come up to the expectations because of theircontributions being inaqdequate", he said.

Apparently referring to +dilly-dallying attitude+ of thebanking institutions towards adequate distribution anddisbursement of loan, Kumar said be it P Chidambaram or PranabMukherjee as Finance Minister or RBI Governor, whenever theyvisited the state the Credit Deposit Ratio (CDR) plumetted.

Kumar said the standard of development in Bihar wouldhave to be changed with thrust on nutrition, education andhealth infrastructure.

"The Gross Domestic Product and financial statisticsshould not be the yardsticks for development... Apart fromestablishing a network of industries, human development shouldbe accorded top priority", he added.

Kumar said the state government had decided to makeavailable health cards to more than 2.7 crore children goingto schools which would have record of nutrition and health.

"The children going to Anganwadi Kendras will also beissued health cards", Kumar added.

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