INSUBCONTINENT EXCLUSIVE:
Sitharaman said on Monday that banks have sufficient liquidity
In a media briefing after a meeting with chiefs of public sector banks, the Finance Minister said efforts are being made to ensure that due
businesses, Ms Sitharaman said, banks have been asked to provide a bill discounting facility to the MSME sector against payments due from
the large corporates.According to returns filed by the large corporates to the Ministry of Corporate Affairs, as much as Rs 40,000 crore is
due to the MSME sector, she said.The Finance Ministry said loans worth Rs 81,781 crore were disbursed during the nine-day outreach programme
Of these, new loans accounted for Rs 34,342 crore," said Finance Secretary Rajeev Kumar.The Finance Minister also said that all efforts
would be made to ensure that MSMEs get their dues ahead of Diwali (October 27).Get Breaking news, live coverage, and Latest News from India
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