New Delhi: The Finance Ministry on Friday said public sector banks have disbursed Rs 14,690.84 crore till June 11, under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, hit hard by the coronavirus-induced lockdown.
Public sector banks (PSBs) have sanctioned loans worth Rs 29,490.81 crore under the 100 per cent ECLGS for the Micro, Small & Medium Enterprises (MSME) sector starting June 1.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Atmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.
"As of 11 June 2020, #PSBs have sanctioned loans worth Rs 29,490.81 crore under the 100% Emergency Credit Line Guarantee Scheme, out of which Rs 14,690.84 crore has already been disbursed," Sitharaman said in a tweet.
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As of 11 June 2020, #PSBs have sanctioned loans worth Rs 29,490.81 crore under the 100% Emergency Credit Line Guarantee Scheme, out of which Rs 14,690.84 crore has already been disbursed. Here are the bank-wise and state-wise details. #AatmanirbharBharat #MSMEs pic.twitter.com/VeD9TWGL8n
— NSitharamanOffice (@nsitharamanoffc) June 12, 2020 " class="align-text-top noRightClick twitterSection" data="
">As of 11 June 2020, #PSBs have sanctioned loans worth Rs 29,490.81 crore under the 100% Emergency Credit Line Guarantee Scheme, out of which Rs 14,690.84 crore has already been disbursed. Here are the bank-wise and state-wise details. #AatmanirbharBharat #MSMEs pic.twitter.com/VeD9TWGL8n
— NSitharamanOffice (@nsitharamanoffc) June 12, 2020As of 11 June 2020, #PSBs have sanctioned loans worth Rs 29,490.81 crore under the 100% Emergency Credit Line Guarantee Scheme, out of which Rs 14,690.84 crore has already been disbursed. Here are the bank-wise and state-wise details. #AatmanirbharBharat #MSMEs pic.twitter.com/VeD9TWGL8n
— NSitharamanOffice (@nsitharamanoffc) June 12, 2020