Despite the terrible condition caused by the COVID-19 pandemic, Uttar Pradesh Finance Minister Suresh Kumar Khanna said on Monday that the state's gross state domestic product (GSDP) expanded by 40% in the last five years.
Uttar Pradesh has improved its financial management despite the COVID-19 pandemic. The state's GSDP was Rs 12.47 lakh crore in 2016-17, when the BJP government took power in the state. It has now attained a total value of Rs 17.49 lakh crore. In this way, Khanna told reporters here, there has been a 40 percent increase in the last five years.
The state's credit deposit ratio has also increased along with this. He stated that when the BJP govt came to office five years ago, this percentage was 46%, and that it has already climbed by 6%.
The minister stated that his department's 100-day plan includes disbursing Rs 21,000 crore in loans to eligible persons under several headings, and that this process has already begun. He said a loan of Rs 51,000 crore would be disbursed in the next six months, and Rs 2 lakh crore would be disbursed over the next five years.
Throughout the previous five years, more than 90,000 banking outlets have opened in the state, including Bank Mitras and Bank Sakhis, he noted. The minister stated that about 1,14,882 Bank Mitras and Bank Sakhis assist the common population in the banking sector. In Uttar Pradesh, there are currently 19,056 bank branches, bringing the total number of banking outlets in the state to 1,33,938.
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