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TMI BlogBanking ServicesX X X X Extracts X X X X X X X X Extracts X X X X ..... Banking Services X X X X Extracts X X X X X X X X Extracts X X X X ..... and expeditious in principle approval for loans to MSMEs in contactless digital mode through the psbloansin59minutes.com platform, which private sector banks have subsequently on-boarded. PSBs also l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ead in lending in several loan categories, such as loans for education and for priority sector agriculture and allied activities, in which PSBs account for 96% (as on 30.9.2018, as per RBI data) and 7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6% (as on 31.3.2019, as per RBI data) respectively of lending by Scheduled Commercial Banks. Further, PSBs have led in extending credit through the overdraft facility available under Pradhan Mantri Ja ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Dhan Yojana (PMJDY) to accountholders having satisfactory conduct of account, accounting for over 99.8% (including through Regional Rural Banks, which are sponsored by PSBs) of the total overdraft a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mount availed of as on 14.6.2019. In addition, all PSBs have on-boarded the Trade Receivable electronic Discounting System (TReDs) platform, enabling online discounting of trade receivables by MSMEs f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or faster realisation against the receivables.
This was stated by the Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman in a written reply to a question in Lok Sabha today. X X X X Extracts X X X X X X X X Extracts X X X X ..... ews - Press release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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