AGARTALA, Jan 11 – The Credit Deposit Ratio (CDR) in Tripura is unlikely to touch the national average only because of lack of industrial growth, according to bank officials. The overall CDR, which was 31 per cent in March 2010 in the State, has scaled up to 35 per cent in September 2010 and it is expected that this would go up to 40 per cent by December 31, this year.
But the national CDR (68 per cent) is too high with compared to not only Tripura but also in the entire Northeast region owing to lack of investment in the industrial sector.
Though purchasing capacity of the people has been growing very fast here, investment in industrial sector is very low. As per the budgetary outlay, the State Government has allocated Rs 22,857 to each individual annually. This is in addition to other outlay like Centrally sponsored schemes as well as foreign aided projects. The money inflow is good but the scope for advance is very less here causing problem to enhance the CDR.
“It is very difficult to increase CDR beyond 45 per cent unless there is big investment in the State” said Nilmoni Gangopadhay, Chief Regional Manager of UBI here on Tuesday.
He pointed out that the State had secured some big investments in the industrial sector over the past few years but most of them had taken loan from outside the State.” This has also emerged a major problem in scaling up the CDR in the State”, he said.
According to another SBI official, it would be wrong if somebody wants to increase CDR by sanctioning loan against Self Help Groups (SHGs) or farmers. “Loan like Rs 5,000 to Rs 50,000 would help banks to increase advance even as deposit ratio is rapidly growing”, he said. He added banks are ready to sanction big investment but there is no applicant to avail of the opportunity.