GG News Bureau
Lucknow, 25th Oct. In a landmark decision, the Uttar Pradesh government has announced plans to evaluate the investment-attracting efforts of district magistrates (DMs) and divisional commissioners, which will be reflected in their annual confidential reports (ACRs). Chief Secretary Manoj Kumar Singh highlighted this initiative as a means to enhance accountability and reward effective administration during a press conference at Lok Bhawan on Friday.
“This is a historic decision by the Yogi Adityanath government to enhance accountability in driving investment in the state,” Singh stated. For the first time, district officials’ performance in terms of investment promotion and the credit-deposit (CD) ratio will influence their ACRs, thereby holding DMs and commissioners accountable for fostering an environment conducive to economic growth.
The new framework is expected to be operational within two to three weeks, aiming to expedite development efforts at the district level. District officials will be encouraged to promote business facilitation measures, including investor safety, support services, land allotment, and timely administrative approvals essential for ease of doing business.
Regular updates on land banks and the processing of investment-related requests will be closely monitored. Singh noted that DMs who excel in attracting investments will receive higher grades and special recognition, fostering a competitive spirit among officials.
Additionally, reports detailing investment initiatives, improvements in the credit-deposit ratio, and actions taken during an official’s tenure will be vital for their evaluations. The state government aims to increase oversight on cash-deposit ratios and sectoral advancements.
Singh revealed that Uttar Pradesh’s CD ratio has improved from 47% in 2017 to 60.32% in 2023-24, with a target of reaching 65% by the end of the current fiscal year. He emphasized the state’s efforts to create a stable economic climate conducive to investment.
While districts such as Sambhal, Amroha, and Moradabad lead in CD ratios, others like Unnao and Balrampur lag behind. To address these disparities, special initiatives will be launched in districts with lower CD ratios to stimulate economic activities. DMs and commissioners will receive annual updates on their district’s CD ratio in April, guiding them in their investment promotion efforts.
With 75 districts and 18 administrative divisions, Uttar Pradesh, India’s most populous state, is poised to enhance its investment landscape through these strategic measures.
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