UP Chief Minister Yogi Adityanath Sets Ambitious 62% Credit-Deposit Target for State Banks
In a significant move to boost economic growth, Uttar Pradesh Chief Minister Yogi Adityanath has directed the state's banking sector to achieve a Credit Deposit (CD) Ratio of more than 62% by the conclusion of the current financial year. This directive was issued during a special meeting of the State Level Bankers Committee (SLBC) held on Sunday, where the Chief Minister reviewed the performance of banks across Uttar Pradesh.
Current CD Ratio and Historical Progress
During the meeting, it was revealed that Uttar Pradesh's total CD Ratio had reached 60.39% as of December 2025, marking the highest level in approximately a decade. This represents a substantial improvement from previous years, showcasing the state's advancing financial landscape.
A district-wise analysis highlighted notable progress: the number of districts with a CD Ratio below 40% has dwindled to just five, down from 20 in March 2018. Concurrently, there has been consistent growth in districts falling within the 40-50%, 50-60%, and 60-80% CD Ratio categories. Chief Minister Adityanath emphasized the need for targeted enhancements in all districts to ensure this upward trajectory continues through March 2026.
Banking Sector Expansion and Financial Inclusion Initiatives
The meeting also underscored the remarkable expansion of banking services in Uttar Pradesh over the past decade. More than 3.89 lakh new banking outlets have been established, bringing the total to 4,30,565 active outlets as of December 2025. This network includes 20,913 branches, 19,191 ATMs, and over 4.09 lakh Bank Mitra and BC Sakhis, significantly enhancing accessibility for residents.
Under the Pradhan Mantri Jan Dhan Yojana, Uttar Pradesh leads the nation with more than 10.21 crore accounts opened to date. The state's performance in financial inclusion campaigns has been exemplary, securing the top position in seven out of eight major indicators during the July-October 2025 period. Achievements include organizing 57,699 financial literacy camps, opening 22.24 lakh Jan Dhan accounts, and enrolling millions in insurance and pension schemes.
Loan Disbursement and Sectoral Growth
Chief Minister Adityanath called for a simplified, respectful, and time-bound credit availability process for key sectors such as agriculture, micro, small, and medium enterprises (MSMEs), startups, women self-help groups, and young entrepreneurs. He highlighted the success of initiatives like the One District One Product (ODOP) scheme and announced the upcoming One District One Cuisine (ODOC) program, aimed at supporting small traders, artisans, and gig workers.
The banking sector's proactive role was praised in schemes like the PM Surya Ghar Yojana and Mukhyamantri Yuva Udyami Vikas Abhiyan. However, the Chief Minister cautioned against bureaucratic hurdles such as unnecessary documentation and procedural delays, urging banks to streamline processes for the benefit of common citizens.
Economic Impact and Future Targets
The state's banking system has demonstrated robust growth over the past eight years. Total deposits surged from ₹8.92 lakh crore in March 2017 to ₹20.44 lakh crore in December 2025, while loan disbursements increased from ₹4.05 lakh crore to ₹12.34 lakh crore during the same period. The MSME sector alone recorded a growth of over 23% between December 2024 and December 2025.
Looking ahead, two mega loan distribution programs are scheduled for February 20 and March 16, 2026, with a target of disbursing more than ₹2.20 lakh crore. These efforts are part of a broader vision to propel Uttar Pradesh toward a one trillion dollar economy, with banks playing a pivotal role in this transformative journey.
Key Takeaways from the SLBC Meeting
- Uttar Pradesh's CD Ratio has reached 60.39%, the highest in nearly ten years.
- Districts with CD Ratio below 40% have reduced from 20 to five since 2018.
- Banking outlets have expanded to over 4.30 lakh, improving financial access.
- Loan disbursements in agriculture, MSME, and priority sectors show continuous improvement.
- Chief Minister Adityanath emphasized the need for hassle-free credit processes and district-level campaigns to boost CD Ratio.
In his concluding remarks, Chief Minister Yogi Adityanath expressed confidence that collaborative efforts between the government and banking institutions would drive Uttar Pradesh toward unprecedented economic milestones, reinforcing the state's position as a growth powerhouse in India.
