At the state-level bankers’ committee meeting, Chief Secretary Manoj Kumar Singh gave banks instructions to aggressively advertise the CM Yuva Yojana and increase lending in order to create jobs in Uttar Pradesh. This program gives young people the chance to launch their own companies.

The goal of the government’s financial aid, training, and other forms of support is to empower them. Singh placed a strong focus on encouraging young people to start new businesses and meeting the goals set for banks under the program. Banks should carefully review loan applications and only grant the required amount, he said. Underfinancing may make it harder to collect loans and impede corporate operations.

Credit availability and financial inclusion are essential for state development. Significant advancements in the state’s financial inclusion have been made possible by banks’ participation. He pushed banks to provide more loans and raise the credit-deposit ratio.

Lal Singh, the chairman of SLBC and executive director of Bank of Baroda, urged the state’s financial system and economy to be strengthened to the fullest extent possible. He emphasized the efficient execution of federal and state government programs as well as the issuance of Kisan Credit Cards (KCC) for fisheries, agriculture, and animal husbandry.

Agriculture Production Commissioner Deepak Kumar, Regional Director Pankaj Kumar of the Reserve Bank of India-Lucknow, Secretary S of the Finance Ministry, Special Secretary Planning Amit Singh Bansal, Chief General Manager Shailendra Kumar Singh of NABARD, and others were present at the meeting.