Government declares, financial institution refuses to offer mortgage, will complain

by Jeremy Spirogis
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new Delhi. If banks refuse to offer loans to Micro, Small and Medium Enterprises (MSMEs) with none purpose, it must pay a heavy value. Ministry of Finance goes to create a particular middle. At this middle, MSMEs will have the ability to register their complaints by means of e-mail. A duplicate of the MSME grievance may also be despatched to the financial institution supervisor.

Giving details about this particular middle, Finance Minister Nirmala Sitharaman mentioned that with none purpose the financial institution can’t refuse to offer loans to MSMEs. This particular middle is to be introduced quickly.

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