Public Sector Banks

Comprehensive Reforms in Public Sector Banks and MSME Credit Flow

Official Press

Official Press

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The Ministry of Finance has implemented various reforms to enhance credit discipline in Public Sector Banks (PSBs) and improve credit flow to Micro, Small, and Medium Enterprises (MSMEs). Key measures include the enactment of the Insolvency and Bankruptcy Code (IBC), the establishment of a Central Repository for monitoring corporate loans, and the introduction of the Mutual Credit Guarantee Scheme for MSMEs. Digital payment transactions have also surged, with UPI transactions growing significantly from 92 crore in FY 2017-18 to 18,587 crore in FY 2024-25, reflecting a CAGR of 114%.

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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link