Finance Minister Nirmala Sitharaman has said public sector banks will hold meetings with NBFCs and retail borrowers in 400 districts beginning next week to provide credit to borrowers, including home buyers and farmers.

At a press conference after meeting PSU bank heads, Finance Minister Nirmala Sitharaman said that banks have been asked not to declare any stressed MSME loan as non-performing assets till March 31.

Idea behind holding the meetings  is to ensure maximum credit disbursal during the festive season.

Diwali, which falls in October this year, is considered as the biggest shopping season of the country.

During the public meetings, credit will be provided for retail, agriculture, MSME and housing sector, among others.

SOURCE: DD NEWS

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