FM reviewed banks readiness in implementing ‘Aatmanirbhar’ relief package

Hindustan Times | May 22, 2020 at 3:55 PM
  • Finance minister Nirmala Sitharaman on Friday reviewed the preparedness of public sector banks (PSBs) for implementing Rs 20,97,053 crore Aatmanirbhar Bharat economic stimulus package announced between March 26 and May 17.
  • The government on March 26 announced a Rs 1.70 lakh crore welfare package under the Pradhan Mantri Garib Kalyan Yojana (PMGKY).
  • The recent announcements made in five tranches included Rs 3 lakh crore credit guarantee for MSMEs and collateral-free working capital loans to small businesses.