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Finance ministry asks PSU banks to meet loan targets for agri-allied sector

Business Standard LogoBusiness Standard9h ago

Finance ministry asks PSU banks to meet loan targets for agri-allied sector - Business Standard

Quick Summary:

Department of Financial Services Secretary M Nagaraju in a meeting held on Tuesday reviewed the progress of credit disbursement to agri-allied activities like animal husbandry, dairying and fisheries with Public Sector Banks (PSBs), NABARD and State/ UT Level Bankers' Committee.

The secretary urged PSBs to take all necessary steps to ensure that respective targets are met during the current financial year and stressed the state governments to facilitate banks in improving the flow of credit to these sectors.

The finance ministry has asked public sector banks (PSBs) to meet loan targets for the agri-allied sector during the current financial year.


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Article Details

Category: BusinessFinance

Markets:

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 19:07:30 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23448003

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Official Website: business-standard.com

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