Observing that MSMEs are the heart of the Indian economy, Nitin Gadkari said "now, the mission for five years is that we need to create more than five crore jobs in five years, particularly in tribal, rural and agricultural areas".
Sitharaman said the thumb rule being used in such credit deployment activity is that for every old customer, banks should bring in five new customers. Banks will select these districts based on commercial potential.
Top Finance Ministry officials will also meet leading foreign portfolio investors (FPIs) over a number of Budget issues including the surcharge on income tax that have led to outflows from equity markets and a sharp plunge in share prices.
Susheela Majhi, secretary of Ama Sangathan, a tribal women's movement-turned-organisation, says after the noteban they could sell some brooms only locally while the inter-state sale came to a standstill.