Advertisement
Wednesday, Dec 08, 2021
Outlook.com
Outlook.com

Need To Increase Credit Flow To Businesses As Economy Grows: PM Modi

The government is taking steps to make the financial services sector vibrant, proactive and strong, says PM in webinar on Budget proposals

Need To Increase Credit Flow To Businesses As Economy Grows: PM Modi
PM Narendra Modi
Need To Increase Credit Flow To Businesses As Economy Grows: PM Modi
outlookindia.com
2021-02-26T15:25:12+05:30

Prime Minister Narendra Modi on Friday stressed on increasing credit flow to businesses to meet the needs of a fast reflating economy and said financial products will have to be tailor-made for fintech and startups.

He said that although the government's endeavour is to promote the private sector, public sector presence in banking and insurance is also required.

"As our economy is growing, and growing fast, credit flow has also become equally important. You have to see how credit reaches new sectors, new entrepreneurs. Now you will have to focus on creation of new and better financial products for Startups and Fintech," Modi said, addressing a webinar on Budget proposals relating to the financial sector.

Modi further said "the government is taking steps to make the financial services sector vibrant, proactive and strong".

He added that the government would stand by all business decisions taken with the right intent.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Why A Democratic India Must Junk Draconian AFSPA

Why A Democratic India Must Junk Draconian AFSPA

Experts believe the AFSPA has caused more harm to the Indian State in insurgency-hit areas than mitigating problems. Here’s why.

Nagaland Ambush: Not Just AFSPA, It’s Time To Do Away With Most Special Laws

Nagaland Ambush: Not Just AFSPA, It’s Time To Do Away With Most Special Laws

It may be time for India to uphold human dignity, take a hard look at some of its regressive laws like AFSPA which includes Special Laws that authorises detention without trial.

Ashes 2021-22: Australia Start Favourites - Statistical Preview

Ashes 2021-22: Australia Start Favourites - Statistical Preview

The Gabba has been like a fortress for Australia in the Ashes. The Aussies have a 12-4 win-loss record in Brisbane and they will do everything to protect that record.

Why AFSPA In Jammu And Kashmir Is Not Just A Defence Act

Why AFSPA In Jammu And Kashmir Is Not Just A Defence Act

Has the AFSPA become an ideological Act, a tool to revise Kashmir history? Many analysts believe so.

Advertisement