DFS Secretary Urges Banks to Lower Small Business Loan Rates

M Nagaraju, the DFS Secretary, is on a mission to help small businesses! He urged banks in Mumbai to lower interest rates on small loans so more people can get the cash they need. With banks sitting on piles of cash, he wants them to lend more and close the gap between rich and poor borrowers. Plus, there’s a new digital portal on the way to make lending easier!