TIL Desk/Business/London/ Reviewing the performance of public sector banks (PSBs) and assuring them of full government support, Finance Minister Piyush Goyal on Monday asked the PSBs to increase their lending to the micro, small and medium enterprises (MSMEs).
“We discussed various measures to support the MSME sector particularly small traders, small businesses and businesses in the remote parts of the country,” he said after meeting bank heads at the General Review called by the Financial Services Secretary Rajeev Kumar.
Goyal also
asked all the 21 state-owned banks to take steps to promote finance for
housing, make bank operations more efficient, achieve the government goal of
financial inclusion and to take necessary measures to significantly increase
the level of domestic credit growth.
