Banks will have to be a lot more friendly while serving customers, says FM

Responding to a query on hassle-free loans to startups, she said performance in servicing loans under MUDRA and SVANIDHI has been very good

Union Minister Nirmala Sitharaman on Monday said banks have to be more customer friendly especially in engaging and serving them.  Banks can do this without taking undue risks.

Responding to a query on hassle-free loans to startups, the Finance Minister said that the Prime Minister Narendra Modi has always maintained that 'I am the security behind you, please take loans, you don't need to give security'.

“This is the thinking behind MUDRA and SVANIDHI schemes; and the performance in servicing loans has been very good,” She said during an post-budget (FY-23) interaction with stakeholders from industry, large taxpayers and professionals