Banks sanction over Rs 75,000-cr loans to MSMEs under credit guarantee scheme
Banks sanction over Rs 75,000-cr loans to MSMEs under credit guarantee scheme https://www.fundstiger.com/banks-sanction-75000cr-loans-msmes-credit-guarantee-scheme/ The finance ministry on Monday said banks have sanctioned over Rs 75,000 crore loans so far under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector reeling under stress due to the coronavirus-induced lockdown. However, loans worth Rs 32,894.86 crore are disbursed under the 100 per cent ECLGS for the micro, small and medium enterprises (MSMEs), starting June 1. The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month. “The total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by #PSBs and private banks stands at Rs 75,426.39 crore, of which Rs 32,894.86 crore has already been disbursed,” Sitharaman said in a tweet. The latest number released by the Finance ...