PM discusses future roadmap of financial institutions with stakeholders

Prime Minister Narendra Modi discussed the roadmap of Banks and NBFCs in a meeting held with the stakeholders. Apart from deliberating upon the crucial role of the financial system in supporting growth, the meeting outlined that small entrepreneurs, farmers, and SHGs are required to be motivated to avail institutional credit for their growth. The discussion also highlighted that the financial institutions and banks should promote UPI and RUPAY uses amongst their customers. It was assured that the government is firmly supporting the banking system. Various schemes like emergency credit lines for MSME, KCC cars, MFI, liquidity window for NBFC, KCC cards, and MFI were also discussed and their progress reviewed in this meeting.