New Delhi: In the wake of the ailing economy caused by the coronavirus lockdown, Prime Minister Narendra Modi will on Wednesday meet stakeholders from Banks and Non-Banking Financial Companies (NBFCs) to discuss and deliberate on vision and roadmap for the future. The meeting will happen on Wednesday evening. Also Read - PM Kisan Samman Nidhi Scheme Reaches 7.03 Lakh Farmers In Bengal, Mamata Accuses Centre Of Dilly-Dallying Funds
As per updates from the Prime Minister’s Office, the topics on agenda include credit products and efficient models for delivery, financial empowerment through technology, prudential practices for stability and sustainability of the financial sector. Also Read - Times Group Chairperson Indu Jain Dies, PM Modi Expresses Grief
Earlier this month, PM Modi reviewed the state of the economy with Finance Minister Nirmala Sitharaman. Notably, he has been taking review meetings on various aspects of the economy and taking stock of the financial sector since the beginning of this month. Also Read - PM Kisan Samman Nidhi 8th Installment Date 2021: Modi Releases ₹19,000 Cr to More Than 9.5 Crore Farmers | Step-by-step Guide to Check Balance
Apart from stakeholders from banks and NBFCs, officials from finance ministry would also attend the meeting with PM Modi.
In the meeting, PM Modi will also take stock of credit flow and how much of the liquidity benefits have been passed on.
Looking at the coronavirus-induced lockdown, a number of banks are taking conservative approach in lending to retail sector with the uncertainty hovering over the retail segment.