Statesman News Service
MALDA, Feb 14: - Contrary to belief that the Malda district is one of the most underdeveloped in the state and the country, financial institution officials claim that the district has good prospect for financial institutions.
The claim is controversial since the district is receiving Central assistance and schemes to develop infrastructure and generate employment.
Malda has already received the national rural employment guarantee scheme to ensure hundred days’ jobs for rural poor families with a view to stemming labour exodus.
Despite the present character, people from the financial world claim that the district is “financially potential” and many financial – both public and private – organisations work here extensively increasing volume of their businesses.
The Life Insurance Corporation of India (LICI) is all set to open its ‘satellite sampark’ office, an extended collection unit at Kaliachak tomorrow. And the satellite branch is the first of its kind under the LIC’s Jalpaiguri division in north Bengal.
The LICI has two branches in Malda town and another in Chanchal . According to LICI officials, the management has planned to open three more satellite branches at Gazole in Malda, at Gangarampur in South Dinajpur and at Kalimpong in Darjeeling district.
“ It is true that Malda is financially potential and a group of people is very rich”, said Mr. N K Mitra, senior branch manager Malda LICI.
He also said that the Malda branch is in fourth position in all India ranking in terms of business. It was in second position in 2003 and last year it was in the ninth position.
The silk industry, mango cultivation, bidi production, import and export to Bangladesh, transport business and agriculture productions have opened up major income avenues for a section of people in Malda.
Not only the LICI, but also other private banks have opened their branches here and are happy with this market potential.
While the LICI officials underlined Malda’s potential, according to the Malda district website, the district’s backwardness is characterized by low per capita income, low yield per acre of land, backwardness in industrialization, shortage of capital and entrepreneurship, and also lack of infrastructure and large labour surplus.
“The district has no known mineral resources and agriculture remains the mainstay. The main agricultural products are paddy, wheat, jute and Rabi crops”, the website says.
The official district portal also claims that despite this backwardness, Malda occupies an important place in the map of West Bengal for the production of raw-silk yarn.
The annual estimated production of raw-silk yarn in this district is about 85 percent of the total output of West Bengal which, if considered in terms of money amounts to approximately Rs 4 crores.
Production of mango is another important aspect of Malda’s economy. About 45,00 acre of land are covered by mango orchards, which, in normal years, bear fruit to the extent of 360,000 tones the value of which in monetary terms, comes to about Rs. 5.5 crores.
The population of this district is mainly rural. Starting from the year 1949, a large displaced population from erstwhile East Pakistan settled in the border areas like English Bazaar, Bamongola, Habibpur and Malda. #
MALDA, Feb 14: - Contrary to belief that the Malda district is one of the most underdeveloped in the state and the country, financial institution officials claim that the district has good prospect for financial institutions.
The claim is controversial since the district is receiving Central assistance and schemes to develop infrastructure and generate employment.
Malda has already received the national rural employment guarantee scheme to ensure hundred days’ jobs for rural poor families with a view to stemming labour exodus.
Despite the present character, people from the financial world claim that the district is “financially potential” and many financial – both public and private – organisations work here extensively increasing volume of their businesses.
The Life Insurance Corporation of India (LICI) is all set to open its ‘satellite sampark’ office, an extended collection unit at Kaliachak tomorrow. And the satellite branch is the first of its kind under the LIC’s Jalpaiguri division in north Bengal.
The LICI has two branches in Malda town and another in Chanchal . According to LICI officials, the management has planned to open three more satellite branches at Gazole in Malda, at Gangarampur in South Dinajpur and at Kalimpong in Darjeeling district.
“ It is true that Malda is financially potential and a group of people is very rich”, said Mr. N K Mitra, senior branch manager Malda LICI.
He also said that the Malda branch is in fourth position in all India ranking in terms of business. It was in second position in 2003 and last year it was in the ninth position.
The silk industry, mango cultivation, bidi production, import and export to Bangladesh, transport business and agriculture productions have opened up major income avenues for a section of people in Malda.
Not only the LICI, but also other private banks have opened their branches here and are happy with this market potential.
While the LICI officials underlined Malda’s potential, according to the Malda district website, the district’s backwardness is characterized by low per capita income, low yield per acre of land, backwardness in industrialization, shortage of capital and entrepreneurship, and also lack of infrastructure and large labour surplus.
“The district has no known mineral resources and agriculture remains the mainstay. The main agricultural products are paddy, wheat, jute and Rabi crops”, the website says.
The official district portal also claims that despite this backwardness, Malda occupies an important place in the map of West Bengal for the production of raw-silk yarn.
The annual estimated production of raw-silk yarn in this district is about 85 percent of the total output of West Bengal which, if considered in terms of money amounts to approximately Rs 4 crores.
Production of mango is another important aspect of Malda’s economy. About 45,00 acre of land are covered by mango orchards, which, in normal years, bear fruit to the extent of 360,000 tones the value of which in monetary terms, comes to about Rs. 5.5 crores.
The population of this district is mainly rural. Starting from the year 1949, a large displaced population from erstwhile East Pakistan settled in the border areas like English Bazaar, Bamongola, Habibpur and Malda. #
1 comment:
when ICICI bank opens its branch in Malda ?
Post a Comment