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Prime Minister Shri Narendra Modi today joined stakeholders from Banks and NBFCs to discuss and deliberate on vision and roadmap for the future.

The crucial role of the financial and banking system of supporting growth was discussed. It was noted that the small entrepreneurs, SHGs, farmers should be motivated to use institutional credit to meet their credit needs and grow. Each bank needs to introspect and take a relook at its practices to ensure stable credit growth. Banks should not treat all proposals with the same yardstick and need to distinguish and identify bankable proposals and to ensure that they get access to funding on their merit and don’t suffer in the name of past NPAs

It was emphasised that the Government is firmly behind the banking system. The government is ready to take any steps necessary to support it and promote its growth.

Banks should adopt fintech like centralised data platforms, digital documentation and collaborative use of information to move towards digital acquisition of customers. This will help increase credit penetration, increase ease for customers, lower costs for banks and also reduce frauds.

India has built a robust, low cost infrastructure which enables every Indian to undertake digital transactions of any size with great ease. Banks and Financial Institutions should actively promote the use of RUPAY and UPI amongst its customers.  

The progress of schemes like emergency credit line for MSME, additional KCC cards, liquidity window for NBFC and MFI was also reviewed. While it was noted that significant progress has been made in most schemes, banks need to be proactive and actively engage with the intended beneficiaries to ensure that the credit support reaches them in a timely manner during this period of crisis.

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Modi’s Human Touch in Work, Personal Interactions Makes Him The Successful Man He is Today

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Modi’s Human Touch in Work, Personal Interactions Makes Him The Successful Man He is Today
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PM to inaugurate the Infosys Foundation Vishram Sadan at National Cancer Institute in Jhajjar campus of AIIMS New Delhi on 21st October
October 20, 2021
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Prime Minister Shri Narendra Modi will inaugurate the Infosys Foundation Vishram Sadan at National Cancer Institute (NCI) in Jhajjar Campus of AIIMS New Delhi, on 21st October, 2021 at 10:30 AM via video conferencing, which will be followed by his address on the occasion.

The 806 bedded Vishram Sadan has been constructed by Infosys Foundation, as a part of Corporate Social Responsibility, to provide air conditioned accommodation facilities to the accompanying attendants of the Cancer Patients, who often have to stay in Hospitals for longer duration. It has been constructed by the Foundation at a cost of about Rs 93 crore. It is located in close proximity to the hospital & OPD Blocks of NCI.

Union Health & Family Welfare Minister, Shri Mansukh Mandaviya, Haryana Chief Minister Minister Shri Manohar Lal Khattar and Chairperson of Infosys Foundation, Ms Sudha Murthy, will also be present on the occasion.