NAGPUR, July 20: Union minister Nitin Gadkari on
Saturday said that the banking sector was facing a lot of
challenges on various fronts.
Gadkari also listed ensuring transparency and giving
returns on deposits as challenges before the banking sector.
Speaking after inaugurating zonal office of Indian
Bank here, the Highways and Road Transport Minister said that
people should also pay their dues to banks on time.
“Prime Minister Narendra Modi has said that bank loans
in the MSME (micro, small and medium enterprises) sector will
be sanctioned in 59 minutes and it will be connected with GST
and Income tax. Those having a good track record get their
loans sanctioned quickly,” he said.
Gadkari further said that it was incumbent upon banks
to ensure that loans sanctioned under various public welfare
schemes get disbursed quickly.
He also emphasised the need to encourage the handloom
and handicraft industry for creating employment opportunities
and boosting growth in the MSME sector.
The minister said “Solar Charkha” cluster will be
launched in the cotton belt of Vidarbha from where export
quality ready-made garments will be manufactured.
“Solar Charkha” is the initiative of the MSME ministry
to ensure inclusive growth by generation of employment,
especially for women and youth, and sustainable development
through solar charkha clusters in rural areas.
Gadkari also talked about giving additional land to
HCL Technologies operating in Mihan (Multi-modal International
Cargo Hub and Airport at Nagpur). (PTI)