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Banks sanction Rs 1.27 trn loans to MSMEs under credit guarantee scheme

However, disbursements against this stood at Rs 77,613 crore till July 20 under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs)

msme, sme, manufacturing, jobs, salary, employees, workers
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The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May.

Press Trust of India New Delhi
The finance ministry on Tuesday said banks have sanctioned loans worth about Rs 1,27,582 crore under the Rs 3-trillion Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector impacted by the economic slowdown triggered by Covid-19.
However, disbursements against this stood at Rs 77,613 crore till July 20 under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs).
The scheme is the biggest fiscal component of the Rs 20-trillion Atmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May.
The latest numbers on ECLGS, as released by the finance ministry, comprise disbursements by all 12 public sector

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First Published: Jul 21 2020 | 8:55 PM IST

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