Jaitley to hand over loan sanction letters to SMEs
Updated: Sep 25, 2015 01:50:57pm
New Delhi, Sept 25 (KNN) Union Finance Minister Arun Jaitley will hand over loan sanction letters today to beneficiaries at a mega campaign organised by Punjab National Bank (PNB).
In a statement, the finance ministry said the distribution of loan sanction letters to borrowers by Jaitley is part of the mega credit campaign to be conducted by public sector banks across the country between September 25 and October 2.
The campaign is to generate credit to micro enterprises and also to create an eco-system of bank credit to aspiring small and micro entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY).
"Micro entrepreneurs, very small traders, fruit sellers, and mechanics etc. would be actively participating in the said campaign," the statement said.
All public sector banks, regional rural banks and private sector banks have a target of Rs.1,22,000 crore during the current financial year for disbursement to small and micro enterprises.
Steps have been initiated to link trainees of various Government and other institutions with banking finance channels, to advance the skill development effort of the Government to self-employment. The Mega credit campaigns are to run from 25th September to 2nd October 2015. (KNN Bureau)
In a statement, the finance ministry said the distribution of loan sanction letters to borrowers by Jaitley is part of the mega credit campaign to be conducted by public sector banks across the country between September 25 and October 2.
The campaign is to generate credit to micro enterprises and also to create an eco-system of bank credit to aspiring small and micro entrepreneurs under the Pradhan Mantri Mudra Yojana (PMMY).
"Micro entrepreneurs, very small traders, fruit sellers, and mechanics etc. would be actively participating in the said campaign," the statement said.
All public sector banks, regional rural banks and private sector banks have a target of Rs.1,22,000 crore during the current financial year for disbursement to small and micro enterprises.
Steps have been initiated to link trainees of various Government and other institutions with banking finance channels, to advance the skill development effort of the Government to self-employment. The Mega credit campaigns are to run from 25th September to 2nd October 2015. (KNN Bureau)
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