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Business EconomyPosted at: Oct 6 2017 6:05PM


Have end to end solutions: RBI ED to banks

Panaji, Oct 6 (UNI) RBI Executive Director Surekha Marandi on Friday advised banks in Goa to have end to end solutions, right from the input to marketing.
Addressing bankers at sustained Credit Outreach for Rural Empowerment (SCORE) programme through video conference at a hotel in the city she said,''We need to have end to end solutions right from input to the marketing till the end results.''
''For example in Tamil Nadu there is lot of advancement in the field of fishing. May be you can talk to people there who have worked for the fishing industry. They have got self help group federations which buy fishes which come in from sea and do the marketing. Its same people who are in fishing as well as marketing. Its a chain managed by the fishing community,'' she said.
She said though CD (credit deposit) ratio in the state was very low but there was lot of scope of improvement and lot of Small Medium Enterprises (SMEs) could come out in the state as people in the state were educated.
Giving example of Vietnam where there was vibrant small and medium sector, she suggested the banks to have tie up with Small Industries Development Bank of India (SIDBI) to see how to develop small and micro enterprises in the state.
Stating that tourism which was a great earner for the state could be developed further and more facilities could be developed.
Ms Marandi also advised the banks to have impact assessment of projects from time to time at State Level Bankers' Committee (SLBC) level.
UNI AKM 1745
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