Key Points
The Union Finance Minister reviewed the performance of RRBs of Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Kerala and UT of Puducherry, the Ministry of Finance stated in a post on social media platform X...
The meeting was also attended by Union Minister of State for Finance Pankaj Chaudhary, the Department of Financial Services (DFS) secretary, senior officials from the DFS, officials from the state governments, representatives of SIDBI, NABARD, stakeholders of RRBs, and sponsor banks...
The Finance Minister has been reviewing the performance of RRBs across the country due to their crucial role in supporting the rural economy...
In August, during a meeting with RRBs in Delhi, the Union Finance Minister urged RRBs and their sponsor banks to put greater thrust on the clear identification of beneficiaries while sanctioning loans under various schemes such as PM Vishwakarma and PM Surya Ghar Muft Bijli Yojana...
During the meeting, the Union Finance Minister emphasised active outreach by the RRB branches located in MSME clusters to ensure credit to small and micro enterprises in areas like textile, handicrafts, wooden furniture, clay pots, jute handicrafts, leather, food processing, dairy farming, packing materials etc. that hold immense potential for increasing the loan portfolio for RRBs...
