Step up lending for public infra, MSMEs: FM Sitharaman to banks
Finance Minister Nirmala Sitharaman urged banks with strong balance sheets to increase lending for public infrastructure, industry, and MSMEs, emphasizing their crucial role amid global uncertainty. She highlighted India’s resilience due to strong economic fundamentals and urged public sector banks to maintain professional management and customer-centric approaches. The government is emphasizing increased capital for MSMEs to aid expansion and recovery.🕒 1 min read
Finance Minister Nirmala Sitharaman urged banks with strong balance sheets to increase lending for public infrastructure, industry, and MSMEs, emphasizing their crucial role amid global uncertainty. She highlighted India’s resilience due to strong economic fundamentals and urged public sector banks to maintain professional management and customer-centric approaches. The government is emphasizing increased capital for MSMEs to aid expansion and recovery.
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