Prime Minister Narendra Modi met heads of top private and public sector banks and non-bank lenders on Wednesday and urged them to scale up lending to micro, small and medium enterprises (MSMEs) and agriculture amid the disruption caused by the coronavirus pandemic.

In a video conference that lasted for over three hours, lenders presented a wish-list to the prime minister, in which they expressed their need to raise capital and fast-track digital lending and the need for the government to implement reforms on agriculture and housing, an official familiar with the development said on the condition of anonymity.

On Tuesday, a statement from the Prime Minister’s Office said subjects of discussion would include credit products and efficient models for delivery, financial empowerment through technology, prudential practices for stability and sustainability of the financial sector.

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