On Tuesday, Finance Minister Nirmala Sitharaman said that public sector banks approved loans worth Rs 6.45 lakh crore between March 1 and May 15 for several sectors including MSME, agriculture and retail. Sitharaman said that the banks approved these loans at a time when companies are facing the circumstances arising out of Covid-19. A tweet issued by the Finance Minister's office said, "Public sector banks have raised more than Rs 6.45 lakh crore from March 1 to May 15 for 54.96 lakh accounts linked to MSME, retail, agriculture and corporate sectors. Approved loans. This is a significant increase from the Rs 5.95 lakh crore sanctioned till May 8. "
The office of Finance Minister Nirmala Sitharaman has given this information by tweeting. It is noteworthy that the central government is taking many steps for sectors affected by the lockdown implemented due to Covid-19.
Apart from this, the Finance Minister's office said in another tweet, "Public sector banks approved an increase in the emergency credit line and working capital of Rs 1.03 lakh crore between March 20 and May 15. This shows a significant increase against the Rs 65,879 crore sanctioned till May 8.