The strategy of Central authorities and Prime Minister Narendra Modi has by no means been supportive of any “cronyism” in any method, mentioned Finance Minister Nirmala Sitharaman on Wednesday.
In an interview with ANI, Ms Sitharaman mentioned that no complaints have been acquired in opposition to the centre over any instructions issued to banks the previous 5 years.
“This authorities and Prime Minister Narendra Modi’s strategy has by no means been supportive of any cronyism in any method. Within the final 5 years, you might have seen clearly. Nobody had any criticism about us calling and instructing banks,” she mentioned.
“So, I believe that’s not a problem. If something that the banks are hesitant is to increase loans, which can go dangerous for which the best way we’ve devised the schemes that we’d undoubtedly assure any loss that occurs,” she mentioned.
Talking additional, the minister mentioned: “We do not promote corruption or cronyism. Banks must take real choices.”