Evaluation of Trends and Progress of Banking in Mizoram

Abstract

The study has critically examined the trends and progress of banking sector in Mizoram with special reference to the Financial Year 2016-17 as per data obtained from the State Level Bankers’ Committee, Mizoram as the study is mainly based on secondary data. The study reveals that the numbers of bank branches have been skewed in urban areas while the population per bank branch is higher than the national average in Mizoram. Besides, the CD ratio of banks and financing of MSME sector of Mizoram has also shown very low achievement according to the present study. Further, It also clearly analysed the trends and progress of banking sector performance in Mizoram in terms of Bank Branch Network, coverage of ATMs, Performances under Annual Credit Plan, MUDRA and Stand up India (SUI) scheme, Roadmap of Financial Inclusion, Achievements of Financial Literacy Campaign, Progress of Social Security Schemes, Education Loan Scheme of Mizoram etc. and suggested for further improvement of banking and financial services in Mizoram to make more inclusive finance.