Bihar budget 2022-23: Bihar people are not like Nirav Modi and Vijay Mallya! Record made by repaying bank loans

 Bihar budget 2022-23: Bihar people are not like Nirav Modi and Vijay Mallya!  Record made by repaying bank loans
Patna: Bihar Deputy Chief Minister and Finance Minister Tarkishore Prasad will present the budget for the financial year 2022-23 in the Bihar Legislative Assembly on Monday. It is expected that Tarkishore Prasad will present the budget this time with an increase of 10 percent from last year. Before the presentation of the budget, a data of the banking sector has been released, which can be estimated by looking at how much the economic condition of Bihar has improved in the current financial year. While capitalists like Nirav Modi and Vijay Mallya have fled abroad taking hefty loans from banks, Bihar can pride itself on the fact that they have set a record in repaying bank loans this financial year. During the financial year 2020-21, the people of Bihar have shown great interest in repaying the loans of the banks. The NPAs of all banks in Bihar were 14.9 percent of total advances in March 2020, which came down to 11.8 percent in March 2021.

The annual loan scheme in Bihar has also seen an increase in 2020-21 as compared to 2019-20. The target in 2019-20 was 1.45 lakh crore whereas, in 2020-21 it increased by 6.6 per cent to Rs 1.54,500 crore. Banks issued 2.51 lakh new credit cards in 2020-21. This is 51 percent more than last year.
Bihar budget history: When Bihar’s income was 28 crores, rice had to be brought from Nepal to fill its stomach
Banks showed interest in opening branches
270 new branches of various banks opened in Bihar in the financial year 2020-21. Of these, 92 branches of private sector banks were opened. At the same time, State Bank of India (SBI) alone has the highest number of 115 branches opened. Maximum 117 bank branches opened in urban areas and 59 in rural areas, 63 in towns and 31 in big cities.
Bihar Budget: Budget session begins from today, the size of the budget may be 2.40 lakh crores
In terms of branches of commercial banks, Bihar is on the 8th position in the country. In 2021, 4.9 percent of the branches of banks were in Bihar. Banks have branches in Gujarat, Karnataka, Maharashtra, Rajasthan, Tamil Nadu, UP and Bengal more than Bihar.

The Nitish government will present the Bihar budget 2022-23 on Monday. The Bihar budget for 2021-22 was Rs 2,18,302 crore. With an estimate of an increase of about 10 percent, this time the Bihar budget can be of 2.40 lakh crores. In the budget 2022-23 during the Corona epidemic, the National Health Mission is expected to get an amount of more than 1100 crores as compared to the last financial year. In the Bihar budget 2022-23, the Nitish government has made preparations to increase by more than 22 thousand crores as compared to the last financial year.

Be the first to comment

Leave a Reply