bank privatisation: Govt not planning to introduce bill to facilitate privatisation of banks in monsoon session: Minister

The federal government just isn’t planning to introduce any invoice to make amendments to facilitate the privatisation of public sector banks within the ongoing monsoon session, Parliament was knowledgeable on Tuesday. As per record of enterprise for monsoon session 2022 of the Parliament, no such invoice has been listed for introduction, consideration and passing, minister of state for finance Bhagwat Ok Karad mentioned in a written reply.

Within the Union Price range for 2021-22, the federal government introduced its intent to take up the privatisation of two PSBs (Public Sector Banks) within the yr and authorised a coverage of strategic disinvestment of public sector enterprises.

In reply to a different query, Karad mentioned, the Financial Advisory Council to Prime Minister (EAC-PM) has not suggested privatisation of all different PSBs in India besides the

.

“As per Financial Advisory Council to Prime Minister, no such recommendation has been rendered by the EAC to PM,” he mentioned.

Replying to a different query, Karad mentioned, banks have sanctioned Rs 9.98 crore beneath Pradhan Mantri Mudra Yojana (PMMY) to about 16.67 crore beneficiaries within the final three monetary years.

Throughout 2021-22, about 5.38 crore accounts acquired Rs 3.39 lakh crore beneath PMMY.

The Ministry of Labour and Employment (MoLE) has carried out a pattern survey on the nationwide degree to estimate employment technology beneath PMMY, he mentioned.

“As per the survey outcomes, he mentioned, PMMY helped in technology of 1.12 crore internet further employment throughout a interval of roughly 3 years (i.e. from 2015 to 2018).

“As per findings of this survey, on an total foundation, loans beneath Shishu class accounted for 66 per cent of further employment generated by institutions owned by MUDRA beneficiaries, adopted by Kishore (19 per cent) and Tarun (15 per cent) classes,” he mentioned.

Additional, as on July 1, 2022, greater than 7.66 crore loans amounting to Rs 6.12 lakh crore have been prolonged to new entrepreneurs/accounts beneath PMMY since inception of the scheme, he mentioned.