People's Democracy

(Weekly Organ of the Communist Party of India (Marxist)

Vol. XXX

No. 25

June 18, 2006

LF Govt Asks Banks To Increase Loan Amounts 
Towards Employment Generation


WITH the objective of enhanced generation of employment firmly in view, the Bengal Left Front government has recently exhorted upon state-sector banks to increase the amount of money disbursed by them to projects in such sectors as cottage and small industries, medium-size industries, agriculture-dependent areas, self-help groups, and self-employment programmes.


The Bengal Left Front government was led during the talks with the bank representatives by chief minister Buddhadeb Bhattacharjee. Also participating in the discussion were finance minister Dr Asim Dasgupta, Manab Mukherjee who looks after the cottage and small-scale industries department, and Rekha Goswami who is the minister for self-help groups and self-employment. 


The following points were communicated to the state-sector banks:


The bank representatives said that they would organise training of personnel involved in the self-employment drive, the self-help groups, and in cottage and small industries. They would also help in the marketing of products put out by these sectors.


A review meeting between the Bengal Left Front government and the bank representatives should henceforth be held every three months. The district administration will sit in discussion with the bank representatives every month. The Bengal Left Front government would provide all assistance to the banks in accelerating further the generation of employment in the state.