Nirmala Sitharaman on Tuesday asked state-run banks to help businesses with loan requirements, even as credit growth is expected to plunge this fiscal as the national lockdown had brought economic activity to a near halt.In a meeting with heads of state-run banks, Sitharaman also asked lenders to continue their focus on sanctioning loans to small businesses, under the recently announced emergency credit line guarantee scheme (ECLGS).“PSBs (public sector banks) to continue focus on sanction and reaching out to eligible micro, small and medium enterprises (MSMEs).
To also target meeting credit needs of other businesses," the finance ministry’s department of financial services said in a tweet.In the meeting over video conference, Sitharaman.