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Liquidity no longer a major concern, FM Sitharaman assures India Inc

Banks to kick off new credit-outreach programme by October 15

Nirmala Sitharaman
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Addressing a select group of CII members at Chennai, finance minister Nirmala Sitharaman expressed satisfaction that “liquidity is no longer a major concern

Shine Jacob Chennai
Finance Minister Nirmala Sitharaman on Monday assured India Inc that liquidity is no longer a major concern for the economy. She said that from October 15 the government would kick-start a credit outreach programme.

The move is likely to give impetus to economic recovery during the festive season and also ensure availability of credit for sectors like export. The credit outreach programme is likely to be similar to the credit outreach programme launched in 2019, through which banks held loan melas across 400 districts and reportedly disbursed around Rs 4.9 trillion.

Addressing a select group of CII members at Chennai, the finance

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