‘Loan Mela’ In 400 Districts
‘Loan Mela’ In 400 Districts https://www.fundstiger.com/loan-mela-400-districts/ To boost liquidity in the economy, Finance Minister Nirmala Sitharaman today said public sector banks will organise credit “Shamiana meetings” in 400 districts beginning October 3 to provide loans to NBFCs and retail borrowers, including homebuyers and farmers. “PSBs will focus on giving loans to the ‘RAM’ category retail, agriculture and MSMEs,” Sitharaman said at a press conference after meeting PSU bank heads. She said the idea is to ensure maximum credit disbursal during the festive season. In this, the banks will take help from non-banking financial companies (NBFCs). Further, the government has told PSBs not to declare stressed assets of micro, small and medium enterprises (MSMEs) non-performing assets (NPAs) till March 31 next year. This will come as a major boost to the sector with its 65 million firms employing around 120 million workers the biggest job creation after the agriculture sec...