The issue of credit availability in the State across various sectors and the implementation of Central government schemes were discussed

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman met Shri Suvendu Adhikari, Chief Minister of West Bengal, in New Delhi.

During the meeting, they discussed ways to accelerate West Bengal’s development journey, in line with the vision of Prime Minister Shri Narendra Modi.

The issue of credit availability in the State across various sectors and the implementation of Central government schemes were discussed.

The Union Finance Minister said that, in close coordination with the State Government, a renewed saturation drive of flagship schemes such as Pradhan Mantri MUDRA Yojana, Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana and PM SVANidhi will be undertaken to cover every eligible beneficiary under these schemes.

Upon the request of the Chief Minister, Smt. Sitharaman stated that roundtable meetings will be held in all regions of West Bengal with Public Sector Banks and leading Industry Bodies and MSME associations to expand credit availability. The objective would be to help the State contribute to India's growth journey in industrial development, expanding entrepreneurial opportunities, and employment generation.

The Union Finance Minister also mentioned that the performance of West Bengal Gramin Bank will be reviewed, with a focus on strengthening financial inclusion and expanding access to formal credit in the rural areas of the State.

Smt. Sitharaman assured support for the processing of eligible proposals from West Bengal under the Special Assistance to States for Capital Investment scheme (SASCI) to strengthen capital infrastructure across the State. She further urged the State Government to expedite the implementation of reforms identified under the reform-linked component of the SASCI Scheme.

Credit availability and financial inclusion drive discussed to widen formal lending, scheme coverage, and capital investment support. Credit availability, financial inclusion and implementation of Central schemes were discussed with a view to expanding formal credit, ensuring wider coverage under flagship financial inclusion and social security schemes, and supporting capital infrastructure through the Special Assistance to States for Capital Investment scheme.