Credit Outreach Programme
- October 27, 2021
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Credit Outreach Programme
Subject – Economy
Context – Loan outreach: PSBs sanction ‘11,168 cr to 1.93 lakh accounts’
Concept –
- Banks have sanctioned loans worth Rs 11,168 crore to about 1.93 lakh accounts under the credit outreach programme, Finance Minister Nirmala Sitharaman said.
- Banks are holding special camps across the country to sanction loans to eligible borrowers ahead of the festival season.
- The loans under the credit outreach programme are over and above those sanctioned and disbursed under the various central government loan guarantee schemes.
- The government had earlier this month urged public sector banks (PSBs) to start a nationwide credit outreach programme to take advantage of the potential loan demand during the festival season ahead of Diwali.
- Banks will go about to exhibit loan offerings in every district of the country in a bid to enhance the credit demand.