Finance Minister Discusses Steps To Promote Lending To MSME, Agri Sectors
Interim Finance Minister Piyush Goyal. (Photographer: Anindito Mukherjee/Bloomberg)

Finance Minister Discusses Steps To Promote Lending To MSME, Agri Sectors

Bookmark

Finance Minister Piyush Goyal on Monday discussed with heads of state-owned banks steps to promote lending to MSME and agriculture sectors.

The minister also promised all support to public-sector banks, expressing confidence that they would become more vibrant and profitable in the days to come.

Public-sector banks have had internal deliberations on various aspects of their functioning... They have been able to discuss and deliberate on various measures to support the MSME sector and the financing for housing sector also.

Piyush Goyal, Union Finance Minister

Also read: Shaktikanta Das Meets PSU Banks’ Chiefs, Conveys RBI’s Expectations

Goyal, who recently took charge as an interim finance minister, met the chief executive officers of state-run banks to take stock of the banking sector and discuss ways to improve their financial health.

While the government assured full support to the public sector banks, we would like them to look at ways to improve delivery of services to our farmers. We would like them to be more proactive in encouraging retail businesses.

Piyush Goyal, Union Finance Minister

Also read: India Doesn’t Need a Bold Budget Now

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.