Public sector banks, along with select nonbanking finance companies, will fan out across 400 districts to provide loans to farmers, retail borrowers and micro, small and medium enterprise (MSMEs), finance minister Nirmala Sitharaman said on Thursday, as the government launched a strong bid to provide loans in the festival season.
The FM also said banks have been told not to declare any stressed loan account of MSMEs a non-performing asset until March 2020.
Public sector banks, along with select nonbanking finance companies, will fan out across 400 districts to provide loans to farmers, retail borrowers and micro, small and medium enterprise (MSMEs), finance minister Nirmala Sitharaman said on Thursday, as the government launched a strong bid to provide loans in the festival season.
The FM also said banks have been told not to declare any stressed loan account of MSMEs a non-performing asset until March 2020.
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