we look at say textiles and footwear in the last tenure we have consistently kept that sectoral support even in this tenure within the first 100 days we have shown our intentions very clearly our support for these potentially good exportsdriven sectors potentially good jobsgiving sectors potentially good medium and small industrybased sectors we have maintained supporting many sectors that work under the small and medium kind of profile even if it is through banks lendingwhile you may see our response to the nbfc nonbanking finance companies crisis as responding to a crisis i see it as responding to an institutional framework which helps the small and medium industry its one thing to look at our response to the nbfc in one way but in your asking about sectoral response for several sectors that are typically driven by small and medium enterprises smes i see that supporting the nbfcs as a platform through which their credit requirements are met is also giving sectoral support so on a macro level and in a broader sense we are constantly looking to strengthen institutions that have a direct play with smes and when i am talking of smes i am obviously talking of those sectors that have a greater contribution to exports job creation and so onthere is a persistent complaint about liquidity in the nbfc sector despite the measures announced can more be done to address the nbfc issuei am so happy to hear the rbi reserve bank of india governor speak so effusively on the issue of the liquidity crisis if the government says it its one thing but the rbi is also saying it i am not repeating his words the summary and substance of what he said was that there is no liquidity issuei am not totally negating it the governor has said the rbi has ensured that liquidity has been made available it is now for institutions such as the nbfcs to further it and extend it to the end user but what the crisis is all about is this interpretation that there could be a liquidity shortfall the crisis is probably that nbfcs are looking for creditworthy claimants for loans and finding it difficult to get such people therefore the extension gets delayed or the facility gets delayed its getting interpreted as liquidity shortfall that offloading based on some worthy securities is now consuming more time because security and genuine worth are taking time to evaluate strictly speaking its not a liquidity crisis but a crisis to pass on the liquidity to genuine borrowersone of the announcements in the budget was to allow the governments stake in companies to fall below 51 will the government be open to reducing its stake in public sector banks psbs as wellat the moment we are looking at cpses central public sector enterprises not so much as psbs we thought it only makes sense if government holding is not over and above other public sector holdings thats why all