NAGPUR: Union minister
Nitin Gadkari on Saturday said that the banking sector was facing a lot of
challenges on various fronts.
Gadkari also said, "Banking sector is facing a lot of challenges and problems. Similarly, in this time financing with transparency and return on that finance has certainly become a big examination for banks".
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).