Banks extend Rs 11,168 cr loans in outreach programme during festive season

Public sector and private banks have sanctioned over 193,000 loans via 924 camps in 405 districts from October 16-20, FM Nirmala Sitharaman says in Tweet

Public and private sector banks have collectively sanctioned loans worth Rs 11,168 crore to 193,000 borrowers through the credit outreach programme during the festive season.

As part of the government’s nationwide credit outreach programme, the banks have sanctioned loans through 924 camps held in 405 districts from October 16-20, Finance Minister Nirmala Sitharaman tweeted.

These loans are over and above those sanctioned and disbursed under the various central government loan guarantee schemes such as the Emergency Credit Line Guarantee Scheme.

Highest advances of about Rs 6,268 crore were availed of as business loans by over 100,000 borrowers. This was followed by agriculture loans