Right to Credit gets Chavanís thumbs up

Chief Minister Prithviraj Chavan Saturday said that like Right to Information, Right to Education Bill implemented by the UPA government and Food Security Bill which was in the offing, Right to Credit could be a logical progression of the process of empowering the citizens.

"To implement this, the technical support must come from the Aadhaar Scheme. We will have to open bank accounts for all citizens and loans sanctioned using differential rates based on the economic strength of the beneficiary." He also said that despite opposition the UPA's reform drive was facing in Parliament, he was hopeful the government will be able to push through these reforms. "When the government decided to nationalise banks, the move was met with criticism from many quarters. But today the decision has has helped us to sail through the economic slowdown in 2008. Similarly government's current chain of reforms that are being termed as Reforms 2.0 will prove fruitful for economic growth" the CM said.

On the implementation of the Madhav Gadgil committee report on the Western Ghats, he said it will bring development in four coastal districts of the state to a halt and lead to social tensions resulting in migration of youth from these areas to cities such as Mumbai and Pune.

"If the WGEEP report is implemented it will affect business and developmental work in the four coastal districts. It will adversely affect construction of new roads, rail routes, development of ports, housing and industries and even means of livelihood,'' he added.

Chavan was speaking on the sidelines of BANCON, the annual banking summit.

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