Mizoram CM Calls for Higher Lending, Sets 67% Credit-Deposit Ratio Target by 2028-29

In a recent statement, the Chief Minister of Mizoram urged banks to boost their lending activities within the state. The government has set a target of achieving a 67% credit‑deposit ratio by the fiscal year 2028‑29. This ratio, which measures the proportion of credit extended to deposits held, is seen as a key indicator of financial sector health and economic growth. The CM emphasized that higher lending would support local businesses and infrastructure projects, thereby fostering job creation and development across Mizoram. Banks are expected to align their strategies with this objective, ensuring that credit availability keeps pace with the state's economic needs.