Rs 1.51 tn disbursed to MSME sector under emergency credit plan, says govt

There has been a big jump in the sanctions in the last 15 days, says finance ministry.

The government is ensuring liquidity for the MSME sector under its Emergency Credit Line Guarantee Scheme (ECLGS), said the Finance Ministry.

As of August 18, 2020 public sector and private banks have sanctioned loans worth over Rs 1.51 trillion under the 100 per cent Emergency Credit Line Guarantee Scheme, of which close to Rs 1.02 trillion has already been disbursed.

There has been a big jump in the sanctions in the last 15 days. The sanctions have increased rapidly by about Rs 12,000 crore while disbursement increased by close to Rs 10,000 crore.

In a tweet, the Ministry of Finance