Chandigarh, Nov 10 (NationPress) Anurag Rastogi, the Chief Secretary of Haryana, emphasized the critical need to close the gap between loan approvals and actual funds disbursed to beneficiaries during a meeting held on Monday, according to government officials.

While leading the 174th state-level bankers' Committee gathering in Chandigarh, Rastogi urged financial institutions to reassess their policies to guarantee that timely and sufficient credit reaches farmers.

This meeting convened senior representatives from various banks, government agencies, and financial institutions to evaluate the state's banking performance across diverse metrics.

The Chief Secretary commended the joint efforts of banks and government bodies in enhancing financial inclusion and supporting MSMEs. He stressed the importance of continued collaboration between banks and district administrations for effective last-mile delivery of credit and financial services, particularly in rural and aspirational blocks.

Rastogi requested all banks to provide details on unclaimed government deposits and ordered that a detailed report be submitted to the Commissioner and Secretary (Finance).

The meeting highlighted positive developments in financial awareness initiatives, notably through campaigns like 'Your Money, Your Right', which successfully activated over 825 dormant accounts, restoring Rs 287.69 lakh to rightful owners.

This initiative has significantly contributed to reconnecting citizens with their forgotten deposits.

Regarding financial performance, data shared during the meeting indicated that Haryana's banking sector is on a robust growth path.

Total deposits reached Rs 868,918 crore, while advances climbed to Rs 769,537 crore as of September 2025.

The state has experienced an impressive year-on-year growth of 12.48 percent in deposits and 14.36 percent in advances, showcasing strong economic activity and enhanced credit outreach across various sectors.

The credit-deposit (CD) ratio improved from 87 percent to 89 percent, exceeding the national standard of 60 percent.

Significantly, all districts in Haryana reported CD ratios above the national target, indicating widespread and balanced credit distribution throughout the state.

Haryana's banking infrastructure has expanded to 5,582 branches, with a net increase of 230 branches within the year.

Public sector banks operate 2,733 branches, private sector banks have 1,941 branches, small finance banks maintain 218 branches, and Haryana Gramin Bank runs 690 branches statewide.