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Home / Finance / News / No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

No stressed asset of MSME to be declared NPA till Mar 31, 2020: Sitharaman

State-owned lenders will hold meetings with Non-Banking Financing Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit

"The targets given to tax departments are decided after discussion. If there are any challenges in the collection, that case will be considered. That will not affect social sector spending" Nirmala Sitharaman, Finance minister

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FM Nirmala Sitharaman

BS Web Team New Delhi

1 min read Last Updated : Sep 20 2019 | 9:56 AM IST

State-owned banks will not declare stressed assets of MSMEs as non-performing assets (NPAs) till March 31, 2020, said Finance Minister Nirmala Sitharaman on Thursday, listing more measures to lift up the economy by ensuring credit.

State-owned lenders will hold meetings with Non-Banking Financial Companies--or shadow banks--and new retail customers in 200 districts till September 29 to explore giving credit,

Topics : Nirmala Sitharaman Stressed banks MSMEs NBFCs Economic slowdown Non performing assets MSME sector Non performing assets in the Public Sector Banks NPA in MSME MSME credit growth PSU banks strike banks strike Stressed accounts NBFC crisis Public sector NBFCs

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