Dr. Bhagwat Karad, the Union Minister of State for Finance, has urged private banks to do more in extending the Centre s financial schemes to groups such as farmers, businesses, and street vendors. While nationalized banks have been actively involved in this effort, private sector banks need to step up their involvement.
After reviewing the progress of PM SVANidhi scheme in the Northeastern states here, Karad appealed to the banks to accelerate coverage of SVANidhi loans to the poor. “Banks should fund the unfunded on priority,” he stressed. The Minister further advised to organise camps at village levels to provide various Banking services.
These wilful defaulters include fugitive Mehul Choksi’s Gitanjali Gems Limited, Rishi Agarwal’s ABG Shipyard Limited, REI Agro Limited, and Era Infra Engineering Limited.
Demonstrating a true sense of inspiration, Dr Bhagwat Karad came to the rescue of a photographer who fell unconscious during an event in Delhi. See what happened next.