About The Department

The main objectives of the department are to review and monitor the credit flow in the Jharkhand region by the Commercial Banks, Regional Rural Banks and other Financial Institutions specially in the rural areas and, to act as a Nodal Agency for co-ordination between development Departments / District Administrations of Jharkhand State and Financial Institutions.
The department has three wings, namely Institutional Finance, Project Cell and Programme Implementation, popularly known as Twenty Point Programme Cell. It has also been the endeavour of the department to annually enhance the State Credit Plan and achievement to accelerate the growth of the economy. The target / achievement year wise of Ground level credit is as follows :

Year Target(Rs in Cr.) Achievement(Rs in Cr.) % of Achievement
2003-04 3015.91 3112.22 103.19
2004-05 3931.05 3847.06 97.86
2005-06 5036.01 3535.21 90.06
2006-07 7555.42 5409.97 71.06
2007-08 10708.9 2480.55*