Finance Minister Sitharaman to review performance of credit schemes in public sector banks

Finance Minister Sitharaman to review performance of credit schemes in public sector banks.

Finance Minister Nirmala Sitharaman will review the performance of credit and other welfare schemes for Scheduled Castes (SCs) in public sector banks on September 27.

Loans given to persons belonging to the SC community by the banks as well as under various loan schemes, such as Stand up India and Pradhan Mantri Mudra Yojana will be reviewed in the meeting.

Ministry of Finance said that the Credit given to persons belonging to the Scheduled Caste community by the banks as well as under various loan schemes such as Stand up India, Pradhan Mantri Mudra Yojana, National Rural Livelihood Mission (NRLM), National Urban Livelihoods Mission (NULM), Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), Education Loan, Credit Enhancement Guarantee Scheme for Scheduled Castes (CEGSSC), Venture Capital Fund for SCs, etc. will be reviewed in the meeting.”

The meeting would review the measures undertaken for the welfare of Scheduled Castes in the banks. The review will focus on the reservation, backlog vacancies, and action taken to fill up the same and the functioning of welfare and grievances redressal mechanism, including meetings with welfare associations, the appointment of chief liaison officers (CLOs), and the constitution of grievance redressal cell, among others.

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