Chairing a meeting to review the performance of PSBs on various financial health parameters for FY23, the finance minister advised banks to ensure an increase in rural, agriculture and sectoral credit in order to meet PSL norms.
Banks sanction Rs 2.46 lakh cr loans to 92 lakh borrowers under ECLGS
Banks have sanctioned loans worth Rs 2.46 lakh crore under ECLGS, Union Minister of State for Finance Anurag Thakur told the Rajya Sabha
PTI | March 10, 2021 | Updated 10:02 IST
As on February 28, 2021, guarantees have been issued under ECLGS to 92.27 lakh borrowers
Banks have sanctioned loans worth Rs 2.46 lakh crore to about 92 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme for the MSME sector, Minister of State for Finance Anurag Thakur on Tuesday said.
As informed by National Credit Guarantee Trustee Company (NCGTC), the implementing agency of Emergency Credit Line Guarantee Scheme, as on February 28, 2021, the amount of loan sanctioned under ECLGS is Rs 2.46 lakh crore, he said in a written reply to the Rajya Sabha.
RBI received complaints against 1,509 online lending apps, Anurag Thakur tells Lok Sabha
The central bank in December cautioned the public against unauthorised digital lending platforms/apps and appealed to them to verify the antecedents of the service provider, the Union Minister further stated
BusinessToday.In | February 9, 2021 | Updated 11:44 IST
Reserve Bank of India
The Reserve Bank of India (RBI) received complaints against 1,509 digital lending applications, Union Minister of State for Finance Anurag Thakur told the Lok Sabha in a written reply. According to Thakur, the RBI received complaints against 1,019 unregistered or unregulated digital loan applications and 490 registered non-banking financial companies (NBFCs) engaged in digital lending.