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Jaitley to review PSB's performance today; major thrust areas would MSME financing

Updated: Nov 23, 2015 12:56:42pm
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New Delhi, Nov 23 (KNN) Union Finance Minister Arun Jaitley will review the performance of Public Sector Banks (PSBs) in a meeting today which would be attended among others by Secretary/Senior officials of Ministry of Medium, Small and Micro Enterprises(MSME) to discuss issues related to MSME financing.
 
The others to attend the meeting would be Minister of State for Finance, Deputy Governor, RBI, Secretary, Department of Financial Services, Ministry of New and Renewable Energy (MNRE), Ministry of Food Processing, Ministry of Textiles &Ministry of Rural Development,Chairmen and Managing Directors of PSBs, Chairman, NABARD, and senior officers of the Ministry of Finance.
 
The major thrust areas of review would be Priority Sector lending, Quarter-2 results, Financial Literacy, PMMY and Insurance and Pension schemes.

Ministry of MSME will discuss issues related to MSME financing while, Ministry of New and Renewable Energy (MNRE) will discuss status of commitment given by Banks for funding of Renewable energy projects in the next five years.
 
In the said review meeting, Ministry of Food Processing would discuss utilization of Special Fund of Rs. 2,000 crore set-up by the Ministry of Finance to provide affordable credit to Designated Food Parks (including Mega Food parks) and food processing units located therein, Ministry of Textiles will discuss Implementation of Revival, Reform & Restructuring (RRR) package for Handloom Sector & Institutional Credit to Sericulture while Ministry of Rural Development will discuss SHG Credit Linkage Plan among others. (KNN Bureau)

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