Post their meeting, State govt urges bankers to support businesses in Goa

Panjim: Close on the heels of the Union government’s Rs 20 lakh crore financial package for Atmanirbhar Bharat Abhiyan, Goa government is looking for opportunities to help revive the rural economy and make the coastal State ‘self reliant’. 

Chief Minister Pramod Sawant on Friday held a State Level Bankers Committee (SLBC) meeting, which was attended by representatives of Reserve Bank of India (RBI), State Bank of India (SBI), nationalized and private banks, Chief Secretary Parimal Rai, Finance Secretary Daulat Hawaldar and others. 

Addressing media persons post meeting, Sawant said that as per Special Financial package of Rs 20 lakh crore announced by Centre, State government has urged banks to increase the credit limit for self help groups from Rs 10 lakhs to Rs 20 lakhs. 

“Also, banks have been asked to provide all financial support to revive the rural economy right from fishermen, garage owner, fruit vendor, small trader, etc. Boost is been given to make Goa self reliant,” he said stating that banks have been asked to provide loan with collateral security. 

Chief Minister said that banks have also been directed to pitch in money in the mining, tourism and industrial sector for economic revival. “I understand that tourism is zero at present but in next six months it will improve. Goa’s COVID-19 management has helped the State to be one of the best and safest destinations for tourists,” he said. 

He added that the government has urged banks to provide relaxation in loan payment to small businesses, especially related to tourism sector for a period of three to six months. 

Also, following the Centre’s move of Rs 3-lakh crore credit guarantee to reboot micro, small & medium enterprises (MSME), the State on Friday worked out modalities to benefit about 20,000 local MSMEs. 

Speaking about MSME, Sawant said that the scheme to provide additional 20% loan benefit without producing more documents, will benefit nearly 20,000 local units. 

key highlights of bankers meeting held on Friday

. Chief Minister Pramod Sawant held a State Level Bankers Committee meeting with representatives of RBI, SBI, nationalized and private banks, Chief Secretary  Finance Secretary and others

. Sawant said that as per Special Financial package of Rs 20 lakh crore announced by Centre, the State has urged banks to increase the credit limit for self help groups from Rs 10 lakhs to Rs 20 lakhs

. He added that banks have also been directed to pitch in money in the mining, tourism and industrial sector for economic revival

. CM added that the government has urged banks to provide relaxation in loan payment to small businesses, especially related to tourism sector for a period of three to six months

. Following the Centre’s move of Rs 3-lakh crore credit guarantee to reboot micro, small & medium enterprises (MSME), the State on Friday worked out modalities to benefit about 20,000 local MSMEs

. Speaking about MSME, Sawant said that the scheme to provide additional 20% loan benefit without producing more documents, will benefit nearly 20,000 local units

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