Finance Ministry on Monday said loans worth Rs 81,781 crore were disbursed during nine-day outreach program or loan Mela organized by banks that began on October 1. Finance Secretary Rajeev Kumar said "Rs 81,781 crore was disbursed in outreach program. Of se, new loans accounted for Rs 34,342 crore." 

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'Banks have sufficient liquidity' 

Furr, Finance Minister Nirmala Sitharaman said banks have sufficient liquidity, and efforts are being me to ensure that due payments are released to micro, small and medium enterprises (MSME) sector by large corporates. In order to ensure liquidity for small businesses, Sitharaman said that banks have been asked to provide bill discounting facilities to MSME sector against payments due from large corporates.  

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'40,000 crore due to MSME sector' 

According to returns filed by large corporates to Ministry of Corporate Affairs, as much as Rs 40,000 crore is due to MSME sector, she said ding that all efforts would be me to ensure that MSMEs get ir dues ahe of Diwali. India celebrates festival of light on October 27.

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