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| Bankers to review stimulus measures |
| BS Reporter / Chennai/ Mysore Mar 13, 2009, 00:01 IST |
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Following directions from the Reserve Bank of India (RBI), the Chief Secretary of the Karnataka Government has convened a special meeting of the State Level Bankers’ Committee (SLBC) in Bangalore on March 16 to review the responses to economic stimuls measures implemented in the State.
The meeting will review the progress in the implementation of economic stimulus measures being implemented for MSME sector by banks such as restructuring of accounts, additional finance, carving out such limit under working capital extended to large corporate borrowers etc. and the progress on the measures announced by IBA for MSME, housing and automobile sectors. It will also review the steps taken to promote financial inclusion particularly in respect of NREGAôNOAPS (National Old Age Pension Scheme) receipts.
As advised by the RBI, the Chief Secretary of the Government of India held a meeting with the Chief Secretaries of the State Governments and the Central Government Secretaries of concerned Ministries on January 31 at New Delhi during which issues relating to implementation of economic stimulus were reviewed.
The meeting was attended by the RBI Deputy Governor.
In this context, the Chief Secretaries of States have been advised to hold a special SLBC meeting along with the convener bank, according to SLBC Convener and Syndicate Bank General Manager G. Ramananthan.
Mysore Industries Association (MIA) General Secretary Suresh Kumar Jain said today that representatives from industry associations are also invited for the special meeting convened by the State Chief Secretary on March 16 The MIA would attend the meeting.
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