Finance Minister Nirmala Sitharaman today said that micro, small and medium enterprises (MSMEs) can complain if banks deny them loans without any reason.
The Finance Minister came up with the statement while interacting with traders at an event titled ‘Jan Jan ka Budget’ in Chennai. Her remarks came around a week after she presented the Union Budget in Parliament.
While speaking at an interactive session with traders and industry representatives today, she said, “If banks deny loans without reason to MSMEs, they should send their complaints by mail to a special centre which is to be announced shortly.” She said a copy of same should be sent to the bank manager.
“There is also plan by government to increase interaction of banking officials, officials of ministry to reach out to the MSME entrepreneurs at the field level,” she added.
Apart from this, the Union Minister said that the economy is at its “robust-level” and asserted the Foreign Direct Investment (FDI) in the country is at an all-time high.
She exuded confidence that India will get back to 8 per cent growth and said the government is making efforts to pursue the goals.
