 "Jaitley to review PSBs performance")
Union Finance Minister Arun Jaitley will review the performance of Public Sector Banks (PSBs) on Monday.
The meeting will be attended (among others) by the Minister of State for Finance, Deputy Governor, RBI Secretary, Department of Financial Services, Secretary/Senior officials of the Ministry of Medium, Small and Micro Enterprises (MSME), Ministry of New and Renewable Energy (MNRE), Ministry of Food Processing, Ministry of Textiles and Ministry of Rural Development, Chairmen and Managing Directors of PSBs, Chairman of NABARD, and senior officers of the Ministry of Finance.
The major thrust areas of the review would be Priority Sector lending, Quarter-2 results, Financial Literacy, PMMY and Insurance and Pension schemes.
Apart from the aforesaid reviews, the Ministry of MSME will discuss issues related to MSME financing, while the Ministry of New and Renewable Energy (MNRE) will discuss the status of commitment given by banks for the funding of renewable energy projects in the next five years.
In the said review meeting, the Ministry of Food Processing will discuss the utilization of a Special Fund of Rs. 2,000 crore set-up by the Ministry of Finance, to provide affordable credit to Designated Food Parks (including Mega Food parks) and food processing units located therein; the Ministry of Textiles will discuss the implementation of the Revival, Reform and Restructuring (RRR) package for Handloom Sector and Institutional Credit to Sericulture while the Ministry of Rural Development will discuss SHG Credit Linkage Plan among others.