Govt stands behind financial sector for India's growth, says PM Modi

Banks, NBFCs give lowdown on credit flow to PM; present ideas on financial inclusion, housing finance

Prime Minister Narendra Modi on Wednesday held a closed-door brainstorming session with top executives of banks and non-banking financial companies to take stock of credit flow and measures taken to support segments of the economy hit hard by the pandemic. Assuring continued government support to the financial sector, which plays a critical role in funding various segments, including agriculture and micro, small and medium enterprises, he also held forth on Atmanirbhar Bharat, said a source.

Bankers gave presentations on credit flow and financial inclusion. Small groups comprising private and public sector executives, too, made presentations. They were to select one