jay 343 days ago

Hello Finance Minister- it is time to make Banks. As Money administrative agents - that is they can mobilize, promote and collect deposits, manages money, can invest in Government securities both central and state, can lend to State and central government enterprises.

They can get the borrowers however the loan sanctioning should be done by a centralized agency which can sanction the loan. This agency will collect a 2% commission for any sort of Loan sanctioned and scrutinize the borrowers threadbare to ensure - genuineness, over leverage, asset quality and above all viability of the enterprise on an independent basis.

This ensures there is zero loan loss to

The Banks and the banks can ensure to administratively work better to provide services to its customers. Better deposit rates, convenience competitive loan pricing.

Priority sector lending such as agricultural should be handled in the same way with a better managed Crop insurance scheme to ensure all the Farmers genuinely benefits from these schemes.

Instead of input subsidies Better crop insurance to all farmers will benefit immensely.

JaiHind!