ANI | Updated: Mar 09, 2021 14:05 IST
New Delhi [India], March 9 (ANI): Union Ministry of Finance on Tuesday informed the Rajya Sabha that over 1,10,019 loans have been extended since the launch of the Stand up India scheme. Over 1,10,019 loans have been extended since the launch of Stand up India scheme as on January 31, 2021, since its inception and beneficiaries can get a loan of Rs 10 lakh to Rs 1 crore to start or increase their business, the statement said.
This was stated by Anurag Singh Thakur, Union Minister of State for Finance and Corporate Affairs, in a written reply to a question in Rajya Sabha today.
Banks Wrote-off Rs 1.15 Lakh Crore in First Three Quarters of FY21: Anurag Thakur
Minister of state for finance Anurag Singh Thakur also told the Lok Sabha that non-performing assets of banks have declined because of the government s strategy of recognition, resolution, recapitalisation and reforms.
Minister of State for Finance Anurag Thakur speaks in Lok Sabha during the ongoing Monsoon Session of Parliament, amid the coronavirus pandemic, in New Delhi, Friday, Sept. 18, 2020. Photo: PTI
Government09/Mar/2021
New Delhi: Banks have written off bad loans to the tune of Rs 1.15 lakh crore during the first three-quarters of the current fiscal, the Lok Sabha was informed on Monday.
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Banks write off ₹5.85-lakh crore over last 3 years
March 08, 2021
Declarations received under Vivad Se Viswas Scheme is around 28 per cent - Kritchanut×
Recovery amounts to little over ₹68,000 crore
The Finance Ministry on Monday informed the Lok Sabha that Scheduled Commercial Banks (SCBs) have written off loans worth ₹5.85-lakh crore. It also said that declarations received under Vivad Se Viswas Scheme accounted for around 28 per cent of pending tax disputes.
Minister of State in the Finance Ministry Anurag Singh Thakur in a written response said as per RBI data, SCBs have written-off loans of over ₹2.36-lakh crore in FY 2018-19, ₹2.34-lakh crore during FY 2019-20 and over ₹1.15-lakh crore during the April-December period of FY 2020-21.
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