GOVT URGES PSU BANKS TO LAUNCH LOANS OF UP TO ₹1 LAKH FOR STREET VENDORS

* Financial inclusion push: The government has urged public sector banks to introduce collateral-free loans of up to ₹1 lakh for street vendors, aiming to improve access to formal credit, reduce dependence on informal lenders, and support small business growth. * Stocks to watch: The move is positive for PSU banks with strong retail and financial inclusion franchises, including $SBIN , $BANKBARODA , $PNB , $CANBK , and $UNIONBANK , as higher micro-loan disbursements could expand their priority sector lending portfolios, although asset quality execution will remain important.