PSU banks loan report: Govt banks lent this much for business, farming during coronavirus months

Under the scheme, the banks provide an additional line of credit of 10 per cent of the existing fund based on working capital limits, subject to a maximum of Rs 200 crore. State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between March 1 and May 15 when businesses were reeling under the impact of COVID-19 crisis. Loans sanctioned at the end of May 8 stood at Rs 5.95 lakh crore.  “Loans worth over Rs 6.45 lakh crore were sanctioned…

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Mental health patients in crisis because of coronavirus cutbacks

People with mental health problems are ending up in crisis and at higher risk of suicide because they cannot get their usual help from the NHS during the lockdown, a leading charity has warned. Those struggling with serious conditions have found it hard to cope because their appointments have been cancelled and they have had trouble getting support from their GP, the mental health charity Mind said. The lack of care increased the danger of them self-harming, it said. One in four people who have tried to access help to…

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