Centre warns banks on delays in disbursing Rs 3 trn loans to MSMEs

Urges units facing any such delay to write to it, assured corrective action and disbursement of loan

The Centre on Thursday warned banks of consequences if they create any unwanted hurdles or delay in disbursal of loans amounting to Rs 3 trillion for the MSME segment.

In an interaction with the MCC Chamber of Commerce on a virtual platform, Anurag Thakur, minister of state for finance and corporate affairs said that it was brought to his ministry’s notice about a few bank officials at the branch level who were creating problems in loan disbursal for the MSMEs. Thereafter, strong corrective action was taken against those officials.

“This money is meant for entrepreneurs and should reach them. If