The Union Cabinet of India on 1st December 2010 approved the additional capital infusion of 6000 crore rupees in 10 public sector banks. The Union cabinet gave its approval with the objective to raise its holding to a minimum 58 percent in all public sector banks. The additional capital infusion will benefit employment oriented sectors with main focus on agriculture, micro and small enterprises, export which would play a major role in the growth of the economy.
At present, the government holding in Public sector banks is at 51 percent which will increase to 58 percent once the capital infusion takes place.
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