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Public Sector Banks disburses Rs 2.39 lakh crore of loans in November 2018
03-Dec-19   17:20 Hrs IST
Nirmala Sitharaman, Union Minister for Finance & Corporate Affairs, had announced in September the launch of Customer Outreach Initiative by Public Sector Banks (PSBs) to improve credit delivery and support the needs of the economy, with particular focus on MSMEs, NBFCs, corporates, retail and agriculture sector borrowers, without compromising prudential lending. Customer Outreach in October 2019 resulted in total credit disbursement of Rs 2.52 lakh crore.

The strong outreach effort of PSBs has continued in November as well, with disbursement of Rs 2.39 lakh crore to MSMEs, NBFCs, corporates, retail and agriculture sector borrowers. This has raised the total disbursement by PSBs to these sectors since the launch of the Customer Outreach in October to Rs 4.91 lakh crore.

To boost the MSME sector, out of the total, PSBs have disbursed Rs 35775 crore in November, raising the total Customer Outreach credit disbursed to MSMEs to Rs 72985 crore.

For NBFCs, out of the total, PSBs have disbursed Rs 25525 crore in November, increasing sharply from Rs 19628 crore in October, raising the total Customer Outreach credit disbursed to NBFCs to Rs 45153 crore. Total support sanctioned by PSBs in the form of credit to (including co-origination and on-lending) and pool buyouts from NBFCs since the IL&FS default in September 2018 till November 2019 has risen to Rs 4.23 lakh crore, including pool-buyouts of Rs 1.24 lakh crore.

PSB disbursement in Customer Outreach (Rs crore)
Loan category4373943770
1MSME loans 3721035775
2Loans to NBFCs1716325005
3Loans to corporates12278597366
4Home loan1216615088
5Vehicle loan70854003
6Education loan425686
7Agricultural loans4050437870
8Other loans1525023454
Total252589239245
Source: Ministry of Finance

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