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The government accepted a new resolution scheme ‘Sashakt’ submitted by a committee of bankers. The scheme is launched to tackle which of the following?

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The government accepted a new resolution scheme ‘Sashakt’ submitted by a committee of bankers. The scheme is launched to tackle which of the following?


1). NPA or bad loans
2). UPI
3). Internet Banking
4). UIDAI data


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Answered by on | Votes 3 |
  • The government accepted a resolution scheme named as ‘Sashakt’ submitted by a committee of bankers to tackle NPA or bad loans.
  • A non-performing asset (NPA) is a loan or advance for which the principal or interest payment remained overdue for a period of 90 days.
  • NPA serves as a problem for financial system.
  • A committee set up by high-power bankers headed by Sunil Mehta, chairman of Punjab National Bank made the decision.
  • Committee set up five-point strategy towards the resolution of bad loans.

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