Question

Iron and steel industries contribution to the national income

Answer 1

indian steel sectors contribution to overall gross domestic product of the country is nearly 2% during 2015 -16.
the total exposure of steel industry is about rs.3.13 lakh coror out of which gross non performing assets is about rs. 1.15 lakh crore. this works out to 36.94% of total loan outstanding as on march,2016
at the instance of government, rbi has also recently reduced the overall policy rates which are expected to get translated into reduction in actual lending rates. the rbi accorded a flexible refinancing repayment option, popularly known as 5:25 scheme for long term infrastructure projects including steel where total exposure of the bank is above rs. 500 crores.