If you are going to take a loan, then the financial services secretary will give you relief





          If you are going to take a loan, then the financial services secretary will give you relief


New Delhi: Financial Services Secretary Rajiv Kumar says that after the current reforms, it would be easier for honest borrowers to take loans from public sector banks. It is notable that the government announced several reforms in the banking sector this week. The government has said that it will invest Rs 88,139 crore in 20 public sector banks before March 31 to strengthen the borrowings and restore the growth.

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Kumar said, "One of the main objectives of this reform process announced by the government is to promote honesty of the borrowers and to make the need based funding easy and non-transparent for right and honest borrowers."

GST returns to be filed along with various finitec measures also enable banks to get a lot of cash flow information. Kumar said that on the basis of which the bank can decide on the approval of the loan. He said that under the said initiatives, special attention will be given to MSMEs, financial inclusion and employment generation in the micro, small and medium enterprises.



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