Central Government has identified “aspirational blocks” for development, says Union Finance Minister Nirmala Sitharaman
The HinduThe Central government has identified more than 500 aspirational blocks that will be focused so that they reach “saturation” level where the government schemes reach all the intended beneficiaries, Union Finance Minister Nirmala Sitharaman said in Coimbatore on Tuesday, October 3, 2023. Speaking at a credit outreach programme - organised by the State Level Bankers’ Committee convenor Indian Overseas Bank and the district Lead Bank Canara Bank - she said Prime Minister Narendra Modi always said that at least 90 % of the intended beneficiaries of a scheme should get the benefits for the economy to revive. When the loans were distributed, the Minister clarified that while the taxes collected were shared with the State governments, there was an allegation that the Central government was not sharing the cess collected and that it was “not good for federal politics.” But, the Central government “does not sit with the cess”. Vivek Joshi, Secretary of Financial Services, said banks had scope for new schemes and providing financial support to several sectors in Coimbatore district, which has 943 bank branches and 17065 ATMs.
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