Tuesday, November 29th, 2022 03:03:52

Under ECLGS, Public & Pvt Sectors banks sanction loans worth over Rs. 79,000 cr so far

Updated: June 24, 2020 11:28 am

Public and Private Sectors banks have sanctioned loans worth over 79 thousand crore rupees so far under Emergency Credit Line Guarantee Scheme.

Out of which more than 35,000 crore have already been disbursed.

The Scheme was launched by the Government to provide relief to the MSME sector by incentivizing member lending institutions to provide additional credit of upto Rs. three lakh crore at low interest to enable MSME to meet their operational requirements during Covid-19 crisis.

Finance Ministry said, the interventions by Government for Micro, Small and Medium Enterprises, MSMEs, have been gaining rapid traction.

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