CM Shivraj said rating should be on basis of financial condition-For all States

Governor of Reserve Bank of India Shri Raghuram Rajan met Chief Minister Shri Shivraj Singh Chouhan here today. Shri Chouhan said that states' rating should be done on the basis of their financial condition. States with good financial condition should be encouraged. RBI Governor Shri Rajan praised continuous impressive economic growth rate of Madhya Pradesh. He said that financial literacy should be included in school syllabus. Chief Secretary Shri Anthony de Sa was also present on the occasion.

The Chief Minister said that investment in all sectors is increasing in the state. Mukhyamantri Yuva Udyami Yojana has been implemented to promote youth Businessmen. Under this scheme, the state government gives loan guarantee. A roadmap has been chalked out in the state to double farmers' income in 5 years. An ideological Mahakumbh is being held to give global message for human welfare. He said that banks should make efforts to ensure that credit-deposit ratio of the state increases constantly. Cash availability in banks should be increased so that farmers can be paid amount against wheat procurement within 7 days. Refinancing from NABARD should be increased to 50 percent. It will benefit farmers. investment of SLR should be made in phases in government bonds by District Cooperative Central Banks. There should be no difference between interest rate on food grains credit limit being provided by RBI to Food Corporation of India and the state government. Under various schemes, payments should be made to beneficiaries in villages itself.