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Finance Minister Nirmala Sitharaman has exhorted financial institutions like Sidbi to be more people-centric in the next 25 years so that the economy moves to a higher growth path. The government has termed the next 25 years leading to the 100th anniversary of India's independence as 'Amrit Kaal'.

Sitharaman  mentioned ‘It will attract people belonging to that (backward) region to be drawn back and if we can give them a perspective, which is good enough, I think we will be addressing a major problem related to human resource and also awaken those capacities which are lying dormant in the regions.’ Further she said many of the states have lot of current account and savings account (CASA) funds which are not effectively deployed in those regions because there are no big businesses. As a result, she said, impression that one gets is that CASA funds from those states move to business-rich areas which can absorb that kind of money.

She stated ‘Now that gradually can lead to a situation where our savings are not being used for our business, entrepreneurship development.’ She added it should be the job of institutions like the Small Industries Development Bank of India (Sidbi) to spur credit growth and help develop the entrepreneurship ecosystem in backward regions.