Banks must ensure credit schemes reach eligible citizens: FM Sitharaman

'Difficult situation' caused by unintended people getting benefits of credit programmes now over, she says

Finance Minister Nirmala Sitharaman on Tuesday asked banks to serve eligible beneficiaries of government credit-related schemes.

Sitharaman, who was at a credit outreach programme in Nagaland, said the trouble phone banking had caused lenders now appeared over. “Indian banks have come out of a very troubled five to eight years, purely because there has not been an undue interference in their function. And today, I'm happy to say many of them have come out of the difficult situation in which they were, as a result of a certain kind of phone banking, which happened at one point in time in India,