Lucknow: In a significant announcement at a press conference, Uttar Pradesh Chief Secretary Manoj Kumar Singh outlined several strategic initiatives undertaken by the state government to boost investment, improve CD (Credit-Deposit) ratios, and strengthen the roles of District Magistrates (DM) and Commissioners in driving economic growth across the state.
The Chief Secretary emphasized that Uttar Pradesh currently holds the second-largest share of deposits in the country, following Maharashtra, with a total of ₹12 lakh crore in deposits. To further advance UP’s economic standing, a report will be generated to evaluate and monitor investments at the district level, facilitated by the DMs and Commissioners, whose roles will be instrumental in attracting investments and achieving economic targets in their regions.
Highlighting efforts to improve the agricultural sector, Singh remarked that the government has implemented critical growth measures to revitalize agriculture. In addition, initiatives are underway to foster expansion in the industrial sector, aiming to attract more industries and boost economic activity statewide.
Addressing the CD ratio, Singh noted that districts like Unnao, Balrampur, and Shravasti currently face lower ratios. To address this, the government will ensure that DMs and Commissioners receive updates on CD ratios each April, helping them strategize and direct efforts to enhance credit flow and drive local economic growth.
In an innovative accountability measure, the Chief Secretary announced that DMs and Commissioners will now include reports on investment progress and loan disbursements in their annual ACR (Annual Confidential Report). This grading system will be pivotal in assessing their performance based on investment inflows, positioning it as a benchmark for future appointments and honors. Outstanding performers in promoting investments will receive formal recognition from the government as part of the new system, set to be implemented within the next two to three weeks. These changes underscore the UP government’s commitment to fostering a conducive environment for investment, growth, and development across the state, with a strategic focus on empowering district-level officials to lead these efforts.
