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Business News

Dec 03, 2019
8:15PM

Customer Outreach Initiative: PSBs disburse Rs 4.91L Cr loans in Oct, Nov

Tweeted by @PIB_India
Public Sector Banks have disbursed four lakh 91 thousand crore rupees of loans during the month of October and November this year under customer outreach initiative. Finance Minister Nirmala Sitharaman had announced in September the launch of Customer Outreach Initiative by PSBs to improve credit delivery and support the needs of the economy, with particular focus on MSMEs and Agriculture sector borrowers.

The Finance Ministry said in a statement that these banks disbursed 2.52 lakh crore rupees in October and 2.39 lakh crore rupees in November under this outreach initiative. In these two months, around 73 thousand crore rupees were disbursed to MSMEs and over 78 thousand crore rupees to the agriculture sector. 

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