Dr. Sukanta Majumdar Urges Faster Banking Expansion and Better Credit Access in Northeast
At the North East Bankers’ Conclave 3.0 held at Mizoram University on October 13, 2026, Union Minister of State Dr. Sukanta Majumdar emphasized the need for faster banking expansion and improved credit access in the Northeast. He urged banks to enhance their credit-deposit ratios and strengthen lending to micro, small, and medium enterprises (MSMEs), farmers, and women entrepreneurs. Dr. Majumdar noted that while significant progress has been made in financial inclusion, with 131 new bank branches and 126 ATMs established, some states still lag in their credit-deposit ratios. He called for targeted lending initiatives and regular reviews to convert regional savings into local investment opportunities.
The Radius summarizes this story. Read the original report from PIB News.
Read Full