Cost of borrowing very stressful, banks need to make interest rates affordable: FM

Finance Minister Nirmala Sitharaman has emphasized the need for affordable interest rates to support economic growth. She highlighted the importance of making finance accessible to businesses and individuals. The government is working on measures to ensure that interest rates remain conducive to economic development. Sitharaman also stressed the need for financial institutions to play a proactive role in supporting the economy. The focus is on creating a favorable environment for investment and growth. The government’s efforts are aimed at boosting economic activity and ensuring sustainable development.