High powered August 25 review meeting under FM to discuss how best to fuel economic growth

New Delhi: India’s Finance Minister Nirmala Sitharaman is scheduled to hold a review meeting on August 25. Nirmala Sitharaman will hold a meeting with the heads of public sector banks. The purpose of this meeting is to review the performance of banks and the progress made in terms of accelerating the economy affected by the coronavirus.

Recently, Sitharaman made a statement that the government is ready to do everything possible to increase the economic momentum affected by the coronavirus. She had said that development will be given importance and for this both RBI and we are with you.

In this review meeting, Sitharaman is most likely to talk about the restructuring 2.0 plan announced by the RBI. In the meeting, emphasis can be laid on banks to increase credit to productive sectors. Along with this, the emergency loan facility guarantee scheme of Rs 4.5 lakh crore will also be reviewed. The Finance Minister can take stock of non-performing assets. And various reform measures of banks can also be discussed.

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