NK DUTT; NEW DELHI
The
Union Finance Minister Nirmala Sitaraman said no ailed MSME shall be declared
NPA ending of financial year 2020. She reviewed banks including liquidity
condition.
“The banks
are going to loan some identified non-banking finance companies”, said finance
minister in press conference. There shall be added new customers for the banks’
lending. NBFC confidence is enhancing affirmatively according to finance
minister.
The banks shall exhibit camps for the purpose of giving loans to
the retail borrowers and the NBFC in 200 districts between 3 to 7 October. The
government has named this campaign bank loan fair. Even the finance minister
for states Anurag Thakur has said that the loan fairs shall be held after 11
October too.
The attraction of these loan fairs are that the MP of the
districts shall take part to make this campaign successful while there is no
clarification over these fairs how many districts of the opposition MPs shall
be part of this campaign?
Replying on a question of bank merger She said the work is going
on rapidly under law and shall be better outcomes of banking reforms.
It is noticeable that the Modi government is continued making of
bigger announcing to boost up economy amid the recession crept. FM has made
many bigger announcements to remove sluggishness of economy.
The
government is serious to make more announcements in the wake of sluggishness in
economy, FM said.
