Odisha Budget 2020-21: Chief Minister’s Award For Banks Providing Priority Lending

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Bhubaneswar: Finance Minister Niranjan Pujari on Tuesday said that the state government will give away Chief Minister’s award for champion banks providing priority lending to the farmers, women self-help groups (SHGs) and small entrepreneurs.

“As the priority sector lending for farmers, Women SHGs and small entrepreneurs is not very encouraging through banks due to their lack of interest, the Chief Minister has instituted the Chief Minister’s award for the Champion Banks with a specific mandate. The state government will recognize and reward any bank that supports these groups,” he said while presenting the annual state budget 2020-21 in the State Assembly.

The finance minister said that the award will be given under three categories i.e., Chief Minister’s Award for Champion Bank for the cause of farmers, Chief Minister’s Award for Champion Bank for the cause of Women SHGs and the Chief Minister’s Award for Champion Bank for the cause of Small Entrepreneurs.

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