The Uttar Pradesh government is nudging bureaucrats to attract investment and improve the state’s credit deposit (CD) ratio.
The Indian Administrative Service (IAS) cadre officers holding the charge of divisional commissioners and district magistrates (DMs) will earn remarks in their annual confidential reports (ACR) on the basis of investment they facilitate.
There are 18 administrative divisions and 75 districts in UP. According to UP chief secretary Manoj Kumar Singh, the step will foster accountability for improving the investment climate in the state.
With UP aspiring to become a $trillion economy, the Yogi Adityanath dispensation is mulling over out of box ideas. The new ACR framework will be set in motion this month to promote the investment matrix.
The district officials are expected to push for business facilitation measures such as investors’ safety, land allotment, ease of doing business, single window clearances etc.
At the state level, their performance will be monitored per various parameters. This will reflect in the ACRs, and have a direct bearing on their future growth prospects.
UP’s CD ratio increased from 47 percent in 2017 to touch 60 percent in 2023-24. Now, the Yogi government is targetting a CD ratio of 65 percent by the end of the current fiscal year 2024-25.