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₹5.66 tn loans during MAR-APR: Finance ministry

covid-19 2020 economy Government
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Finance ministry said that there has been sustained credit flow to NBFCs and housing finance companies during the nationwide lockdown, that was imposed to contain the spread of covid-19 The finance ministry on Thursday said that state-owned banks have sanctioned loans worth ₹5.66 trillion to small businesses, retail, agriculture and corporate sectors during March-April, 2020. “These borrowers are from MSME, retail, agriculture & corporate sectors, waiting for disbursal soon after lockdown lifts.

Economy poised to recover," the finance minister said in a tweet. The ministry said that there has been sustained credit flow to non-banking financial companies (NBFCs) and housing finance companies during the nationwide lockdown, that was imposed

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