(LiveMint)
Continuing efforts to increase credit disbursement, Finance Minister Nirmala Sitharaman will meet the heads of public sector banks (PSBs) today to take stock of recent steps taken by the government, including the first phase of the ‘outreach programme’ across over 200 districts during the festive season, a senior government official told Mint.
It is learnt that the minister is expected to review the progress of the partial guarantee scheme to the Non-Banking Financial Company (NBFCs), and other decisions pertaining to Micro, Small and Medium Enterprises (MSMEs) announced less than a month ago.
Meeting top officials of PSBs on September 19, Sitharaman had asked them not to declare stressed assets of MSMEs as non-performing asset (NPA) till March 31, 2020, invoking the existing guidelines of the banking regulator. “The progress related to announcements made last month could be discussed,” the official cited above added.
