The News Scroll 19 September 2019  Last Updated at 8:17 pm | Source: PTI

Banks to hold public meets with NBFCs in 400 districts to give credit: FM

Banks to hold public meets with NBFCs in 400 districts to give credit: FM
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Sep 19 (PTI) Finance Minister Nirmala Sitharaman on Thursday said public sector banks will hold meetings with NBFCs and retail borrowers in 400 districts beginning next week to provide credit to borrowers, including homebuyers and farmers.

The public meetings will be held in two tranches. The first will be held between Tuesday (September 24) and September 29 in 200 districts and another 200 districts will be covered between October 10 and 15, the minister said.

She said the idea is to ensure maximum credit disbursal during the festive season. Diwali, which falls in October this year, is considered as the biggest shopping season of the country.

During the public meetings, credit will be provided for retail, agriculture, MSME and housing sector, among others.

The minister also announced that banks have been asked not to declare any stressed MSME loan as non-performing assets (NPA) till March 31, 2020. PTI DP NKD ABM ABM


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
Next Story : NE states are ''super special'', getting 100% grants from Centre: Singh
Download the Outlook ​Magazines App. Six magazines, wherever you go! Play Store and App Store