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Finance Minister Piyush Goyal has exhorted state-run banks to step up lending to micro, small and medium enterprises

Newdelhi:31/1/19:Finance Minister Piyush Goyal has  exhorted state-run banks to step up lending to micro, small and medium enterprises, agriculture and housing sectors. He was talking to media after his first meeting with the heads of Public Sector Banks (PSBs) yesterday. He said the Insolvency and Bankruptcy Code (IBC) has helped the PSBs recover over Rs 1 lakh crore in the three quarters of the current fiscal.

Talking about the review meeting, Goyal said banks under Prompt Corrective Action (PCA) framework were advised to maintain the trend of improvement in performance, with a view to bringing them out of the PCA framework at the earliest.

Citing a number of positives, the finance minister highlighted the need for each and every PSB to ensure that recent gains are sustained and better service delivered to all stakeholders.
He said, Banks also committed to step up their efforts for financing under Pradhan Mantri Awas Yojana which is aimed at securing Housing for All by 2022.  Earlier, RBI Governor Das highlighted importance of PSBs for the economy at all times and especially at the present juncture in helping meet broader economic go

About Ashok Palit

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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