<p>Finance Minister Nirmala Sitharaman on Monday met heads of public sector banks (PSBs). Addressing the media after the meet, Sitharaman said that the Corporate Affairs Ministry has a complete list of companies which stated that they owe MSMEs nearly Rs 40,000 crores.</p>.<p>Sitharaman said that the banks shall make an attempt to approach all of these MSMEs and ask them if want a bill discounting because that is openly claimed by the companies. By 22nd I have asked them to report back saying if the MSMEs are willing to have the bill discounted & collect the money.</p>.<p>Secretary Corporate Affairs & Secretary banking will ensure that the data, in desegregated form, is given to these banks, she said.</p>.<p>The Finance Ministry osaid loans worth Rs 81,781 crore were disbursed during the nine-day outreach programme or loan mela organised by banks that began on October 1.</p>.<p>Finance Secretary Rajeev Kumar said "Rs 81,781 crore was disbursed in the outreach programme. Of these, new loans accounted for Rs 34,342 crore."</p>.<p>The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs).</p>.<p>NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year.</p>.<p><em>(With inputs from PTI)</em></p>
<p>Finance Minister Nirmala Sitharaman on Monday met heads of public sector banks (PSBs). Addressing the media after the meet, Sitharaman said that the Corporate Affairs Ministry has a complete list of companies which stated that they owe MSMEs nearly Rs 40,000 crores.</p>.<p>Sitharaman said that the banks shall make an attempt to approach all of these MSMEs and ask them if want a bill discounting because that is openly claimed by the companies. By 22nd I have asked them to report back saying if the MSMEs are willing to have the bill discounted & collect the money.</p>.<p>Secretary Corporate Affairs & Secretary banking will ensure that the data, in desegregated form, is given to these banks, she said.</p>.<p>The Finance Ministry osaid loans worth Rs 81,781 crore were disbursed during the nine-day outreach programme or loan mela organised by banks that began on October 1.</p>.<p>Finance Secretary Rajeev Kumar said "Rs 81,781 crore was disbursed in the outreach programme. Of these, new loans accounted for Rs 34,342 crore."</p>.<p>The Centre in August issued guidelines on operationalising Rs 1 lakh crore partial guarantee scheme under which PSBs can purchase high-rated pooled assets of financially sound non-banking finance companies (NBFCs).</p>.<p>NBFCs, including housing finance companies (HFCs), came under stress following a series of defaults by the group companies of IL&FS in September last year.</p>.<p><em>(With inputs from PTI)</em></p>
