PM Modi to hold meeting with bank and NBFC chiefs, to assess the state of the economy

new Delhi: Prime Minister Narendra Modi (PM Narendra Modi) will hold a meeting with the heads of big banks and non-banking financial companies (NBFC) on Wednesday. In the meeting, he will take stock of the condition of the economy affected by the Corona virus crisis. According to the official statement, the Prime Minister will discuss and discuss the future outlook and framework with the banks and NBFC heads.

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The statement said, “The agenda of the meeting includes to discuss loan product and efficient model of delivery, financial empowerment through technology and stability of the financial sector and prudential ways to survive in the market.” ‘

Banks play an important role in economic growth by providing financing facility to local manufacturing including infrastructure sector, agriculture, MSME (micro, small and medium enterprises).

Other senior government officials will also be present in this meeting.

Significantly, the Prime Minister has been meeting for the last few weeks on various sectors of the economy and it is part of that link.

The discussion in the meeting can be centered around giving momentum to the economy. At the same time, various domestic and global agencies have forecast a decline in economic growth rate from (-) 3.2 to (-) 9.5 percent.

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