UP's banking boom: State govt's financial inclusion policy fuels deposits and loans
Under Chief Minister Yogi Adityanath's leadership, financial inclusion policies and the linking of government schemes with banks have boosted public confidence.
As a result, the banking network has expanded from cities to villages, the CD ratio has improved, and June 2025 data reflects both rising banking activity and the state's growing economic strength.
According to the official data here on Sunday, by June 2025, bank deposits in Uttar Pradesh rose by ₹1.86 lakh crore to ₹19.39 lakh crore, marking a 10.60% annual growth over June 2024. Loan disbursements also increased by ₹0.93 lakh crore (8.79%) to ₹11.45 lakh crore. The figures highlight the steady improvement in the state's investment and credit environment.
Furthermore, Uttar Pradesh's CD ratio stood at 59.04% in March 2025 and inched up to 59.05% by June, reflecting stability and balance in the banking system. District-wise data shows notable improvement, with more districts now recording a CD ratio above 80%, while those below 40% have come down to just six.
Similarly, banking activities have expanded across more districts compared to 2014, with 21 districts now recording a CD ratio between 60% and 80%. This reflects the wider reach of banking services in rural and semi-urban areas and the improved fulfilment of local credit needs.
Experts attribute this progress to government initiatives and strong coordination among banks. Schemes like the Chief Minister Swarojgar Yojana, Startup India support, the ODOP campaign, and digitalisation drives have strengthened the banking system.
As a result, Uttar Pradesh is emerging not only as an agricultural hub but also as an economically and financially strong state.
UNI MBD ARN
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