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Banks disburse over Rs 50,000 crore loans to MSMEs under credit guarantee scheme.


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Banks disburse over Rs 50,000 crore loans to MSMEs under credit guarantee scheme.

The Finance Minister Nirmala Sitaraman has announced that banks have disbursed Rupees 52,255.53 crore loans out of the Rupees 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the financially stressed MSME's caused by the ongoing COVID19 pandemic.

Private and public sector banks have sanctioned loans with over Rupees 1.10 lakh crore under the 100 percent ECLGS  scheme, out of which, more than 52,000 crores has already been disbursed.

The scheme is the largest financial support of rupees 20 lakh crore Aatmar Nirbhar Bharat Abhiyan package announced by the finance minister.


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Banks disburse over Rs 50,000 crore loans to MSMEs under credit guarantee scheme.