Big News! Budget 2021: Declaration to make banks strong, Government banks will get 20,000 crore capital

Budget 2021: This announcement by the government will make capital easier for the SME or MMME sector. They will be able to get a loan easily.

Budget 2021: There is news of relief for government banks facing heavy NPAs. In the budget, Finance Minister Nirmala Sitharaman has announced to provide capital of 20,000 crores to government banks. This announcement from the government will make capital easier for SME or SMME sector. They will be able to get a loan. With this, the government today also announced that it will disinvestment in two PSU banks in the financial year 2022.

Also Read: Big news From Budget 2021: There will be a guarantee of safety on deposits up to 5 lakhs in banks, the proposal of amending the law

RBI Governor expressed concern 

Apart from this, the government has also allocated Rs 1500 crore to promote digital payments. In addition, the insurance sector has announced to give FDI permission up to 74 percent. Apart from this, there is also talk of bringing an IPO of LIC. Let me tell you, earlier RBI Governor Shaktikanta Das had said that due to the epidemic, the value of assets in the books of accounts in banks can decrease. He said that there may be a shortage of capital.