CM urges banks to shift focus to small traders, farmers

Puducherry | Monday | 24th September, 2018

Summary:

| Photo Credit: Special Arrangementmore-inChief Minister V.

Narayanasamy has called for a change in the attitude of banks focusing on supposedly high-value clients at the expense of small traders and farmers. Small trade boomingAn estimated 1,700 small trade outlets, primarily restaurants, have set up shop in Puducherry in the last two years, Chief Minister V.

Narayanasamy revealed. Citing an independent survey, Mr.

Narayanasamy said this was reflective of the tourism potential of the place. Women Self Help Groups was another category which was not getting required support from banks, the Chief Minister said. The Chief Minister said banking support for farmers was all the more crucial in a resource-strapped place as Puducherry..