Project 'Sashakt' is related to which of the following?

Resolving bad loans

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Strengthening defence procurement

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Operation against black money

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operation against Rohingya refuges

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Solution

The correct option is A Resolving bad loans
Project 'Sashakt' was proposed by a panel led by PNB chairman Sunil Mehta. It is made to recover bad loans. Bad loans of up to rs 50 cr will be managed at the bank level, with a deadline of 90 days. For bad loans of rs 50-500 cr, banks will enter an inter creditor agreement, authorizing the lead bank to implement a resolution plan in 180 days.

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