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Banks sanction over Rs 1 trn in loans to 300,000 MSMEs under credit scheme

The scheme is the biggest fiscal component of the Rs 20-trillion 'Aatmanirbhar Bharat Abhiyan' package

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The latest number onECLGS, as released by the Finance Ministry, comprises all 12 public sector banks

4 min read Last Updated : Jun 30 2020 | 8:21 PM IST

The finance ministry on Tuesday said banks have sanctioned over Rs 1 trillion loans under the Rs 3-trillion Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector reeling under coronavirus-induced economic slowdown.

While, Rs 45,860 crore is disbursed under the 100 per cent ECLGS for the micro, small and medium enterprises (MSMEs) till June 26, it said.

The scheme is the biggest fiscal component of the Rs 20-trillion 'Aatmanirbhar Bharat Abhiyan' package announced by Finance Minister Nirmala Sitharaman last month.

The latest number onECLGS, as released by the Finance Ministry, comprises all 12 public sector banks (PSBs), 20 private

Topics : Nirmala Sitharaman Coronavirus Lockdown State Bank of India MSMEs

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