State Run Banks Will Help Small Businesses: Nirmala Sitharaman
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State Run Banks Will Help Small Businesses: Nirmala Sitharaman

By NDTV calender  20-Sep-2019

State Run Banks Will Help Small Businesses: Nirmala Sitharaman

  • On Friday, FM Nirmala Sitharaman said that the state-run banks will help stressed loans of small businesses till March 3 without classifying them as NPAs.
     
  • She said that the government is committed to assisting small businesses without compromising prudential lending.
     
  • She further said that the support to Micro, Small and Medium Enterprises will be under RBI guidelines.

    Also Read: India unlikely to meet ‘Poshan Abhiyaan’ targets, finds study
     
  • The comments from the Finance Minister came a day after she met with chiefs of public sector banks.
     
  • Earlier in a meeting with state-run banks, she reviewed the money flow in the system and transmission of lower benchmark interest rates to borrowers.  

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