Business Economy

‘₹81,780 cr. of loans given in nine-day mela’

The Finance Ministry on Monday said ₹81,781 crore of loans were disbursed during the nine-day loan mela organised by banks that began on October 1.

Finance Secretary Rajeev Kumar said “₹81,781 crore was disbursed in the outreach programme. Of these, new loans accounted for ₹34,342 crore.”

Finance Minister Nirmala Sitharaman said banks had sufficient liquidity and efforts were being made to ensure that due payments are released to the micro, small and medium enterprises (MSME) sector by large corporates.

She said banks had been asked to provide bill discounting facility to the MSME sector against payments due from the large corporates.

Source: thehindu.com

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