Nirmala Sitharaman
FM Sitharaman to hold meeting with PSB heads
New Delhi: Finance Minister Nirmala Sitharaman will meet the heads of public sector banks (PSBs) on April 23 to review the performance of banks and the progress made by them on the various government schemes.
The finance minister will hold the review meeting for the first time after presenting the Budget 2022-23 on February 1.
Media reports said that during the meeting, the banks will be asked to increase credit flow to productive sectors to accelerate the revival of the economy.
The finance minister will also review various government schemes including Emergency Credit Line Guarantee Scheme (ECLGS).
The FM had extended the ECLGS in the budget and the scheme was expanded by Rs 50,000 crore to Rs 5 lakh crore.
In the meeting, an agenda will be set for the current financial year.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
