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Subbarao discusses upgradation of entrepreneur centres with Mamata

December 8, 2011 - Kolkata

The Governor of Reserve Bank of India (RBI), D. Subbarao met West Bengal Chief Minister, Mamata Banerjee regarding the upgradation of entrepreneur centres in the state in Kolkata on Wednesday.

He was in Kolkata to attend a board meeting of RBI on Thursday.

Speaking to the mediapersons, he said they discussed upgradation of centres for entrepreneurship development for the people of Bengal.

Subbarao also said that he had requested Banerjee for the allocation of land in the state to set up centres of training to impart entrepreneurship skills to the unemployed, since the current set of such institutions did not operate on a permanent basis.

"There are 19 centres functioning in West Bengal, but not all of them are on a permanent basis. The scheme is, the Government of India gives one crore rupees. The state government has to provide the land and the lead bank of the district sets up a centre for training local people in skills and entrepreneurship. I have requested the Chief Minister to provide land for the centres and she has kindly agreed to do that," said Subbarao.

He also discussed the plans to bring banking system to nearly 7500 villages in the state.

"There are about 7486 villages in West Bengal with a population of over 2000, which do not, as yet, have a bank branch. You are all aware that there is a national drive now, that by March 2012, which is about 4 months from now, all villages with population over 2000 must have access to banking," added Subbarao.

However, the Reserve Bank Governor declined to comment on the financial health of West Bengal by saying the state chief minister had said that decisive and remedial steps have been taken in this regard.


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