PRESIDENT CONCERN ABOUT ABUSIVE ASSETS AND UNPAID LOANS

New Delhi, April 6, (way2newstv.in):

President concern about abusive assets, unpaid loans. President Ramnath Kovind expressed concern over the absence of unauthorized assets and unpaid borrowing in the banking sector. President Ramnath Khandind said that honest taxpayers are suffering from thousands of lenders borrowing the banks. Speaking at the Coimbatore banking scam involving the FICCI ladies' organizations annual meeting held at Delhi, Failures in business are going on but there are deliberate frauds in bank lending. This is why fellow Indian families are struggling. As a result, innocent civilians are suffering. Honestly, the taxpayers are more burdened.

Until December, the number of tax evasion of public sector banks crossed 9,000. They are estimated to have an estimated amount of Rs 100,000 crore. There are failures in the real business, he said. But the Indians will suffer because of the need for the banks, "he said. The taxpayers are more likely to suffer from defaults. The Finance Ministry has revealed that the NPAs have grown over the last 8 years. It is expected to be around 7.77 lakh crore in government banks. Approximately 117 million loans were provided under the Mudra Scheme.

PRESIDENT CONCERN ABOUT ABUSIVE ASSETS AND UNPAID LOANS

About 117 million loan was made through the stamp scheme and around 88 million women entrepreneurs were among those who received the loans, he said. However, by December 2017, the stamp collective is less than 8 percent of the Mudra scheme. Also, under the 'STANDAP India' scheme launched in April 2016, 45,000 loans were made to encourage entrepreneurs in women, SCs and STs. It also revealed that 39 thousand loans were given to women. The number of unpaid non-refundable holdings in the public sector banks was 9,063 by the end of December 2017. It is estimated that the amount of money that they have paid will be around Rs 1,10,050 crore.