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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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ప్ర‌ధాన మంత్రి శ్రీ న‌రేంద్ర‌ మోదీ 71వ స్వాతంత్ర్య దినోత్స‌వం సంద‌ర్భంగా ఎర్ర‌ కోట బురుజుల మీది నుండి  దేశ ప్ర‌జ‌ల‌ను ఉద్దేశించి చేసిన ప్ర‌సంగ పాఠం

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ప్ర‌ధాన మంత్రి శ్రీ న‌రేంద్ర‌ మోదీ 71వ స్వాతంత్ర్య దినోత్స‌వం సంద‌ర్భంగా ఎర్ర‌ కోట బురుజుల మీది నుండి దేశ ప్ర‌జ‌ల‌ను ఉద్దేశించి చేసిన ప్ర‌సంగ పాఠం
Forex reserves surge by $58.38 bn in first half of FY22: RBI report

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Forex reserves surge by $58.38 bn in first half of FY22: RBI report
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PM to visit Kedarnath on 5th November and inaugurate Shri Adi Shankaracharya Samadhi
October 28, 2021
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Prime Minister Shri Narendra Modi will visit kedarnath, Uttarakhand on 5th November.

Prime Minister will offer prayers at the Kedarnath Temple. He will thereafter inaugurate Shri Adi Shankaracharya Samadhi and unveil the statue of Shri Adi Shankaracharya. The Samadhi has been reconstructed after the destruction in the 2013 floods. The entire reconstruction work has been undertaken under the guidance of the Prime Minister, who has constantly reviewed and monitored the progress of the project.

Prime Minister will review and inspect the executed and ongoing works along the Saraswati Aasthapath.

Prime Minister will also address a public rally. He will inaugurate key infrastructure projects which have been completed, including Saraswati Retaining Wall Aasthapath and Ghats, Mandakini Retaining Wall Aasthapath, Tirth Purohit Houses and Garud Chatti bridge on river Mandakini. The projects have been completed at a cost of over Rs. 130 crore. He will also lay the foundation stone for multiple projects worth over Rs 180 crore, including the Redevelopment of Sangam Ghat, First Aid and Tourist Facilitation Centre, Admin Office and Hospital, two Guest Houses, Police Station, Command & Control Centre, Mandakini Aasthapath Queue Management and Rainshelter and Saraswati Civic Amenity Building.