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MoS Finance asks banks to ensure credit flow to MSMEs amid fund crunch

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MoS Finance asks banks to ensure credit flow to MSMEs amid fund crunch Speaking on the occasion, Union Bank managing director Rajkiran Rai G said, through the hundred years journey, the bank has been serving national priorities. Current Affairs :Junior money serve Anurag Thakur on Monday solicited banks to guarantee smooth stream from credit to MSMEs which are in veritable need of assets. It very well may be noticed that notwithstanding numerous estimates declared by progressive governments, independent ventures keep on confronting subsidizing issues, as banks don’t pursue them as they do with huge organizations for an assortment of reasons. “Banks ought to likewise concentrate on certified clients who need budgetary help to develop their organizations and the MSME segment, which is the foundation of our economy, needs a great deal of help from the financial business,” he said at the 101st establishment day festivities of the state-run Union Bank of India here tonight. ...