Dikhyaa Mohanty 
According to the 181st State Level Bankers’ Committee (SLBC) meeting conducted here on Monday at Hotel Mayfair in Bhubaneswar, banks in Odisha have reached Rs 1.20 lakh crore, or 47.65%, of their Rs 2.52 lakh crore Annual Credit Plan (ACP) objective for FY 2025–2026. Rajendra Kumar Saboo, Executive Director of UCO Bank and Chairman of SLBC Odisha, presided over the meeting, which evaluated ACP’s progress and covered important projects to enhance credit flow, MSME finance, and financial inclusion throughout the State.
Sanjeeb Kumar Mishra, Principal Secretary, Finance Department, outlined Odisha’s long-term developmental goals under “Vision 2036 and Vision 2047” and asked banks to enhance the State’s Credit–Deposit (CD) ratio and speed up ACP attainment. He urged for increased public knowledge of the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), especially about claim-filing procedures for beneficiaries, and emphasized the adoption of CKYC by all banks.
The Regional Director of RBI Bhubaneswar, Dr. Sarada Prasan Mohanty, emphasized the significance of meeting ACP objectives for the State’s overall growth. He emphasized minimizing digital fraud, bolstering cyber security, and addressing problems with unclaimed deposits and KYC compliance. Prasanth Kumar Reddy, Commissioner-cum-Secretary, MSME Department, urged banks to adhere to updated standards for MSME, PMEGP, PMFME, PMMY, the Stand-Up India Scheme, and the PM-Vishwakarma Scheme. The discussion also focused on funding the MSME sector.
