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Around 10.9 million MSME borrowers gets guarantee support under ECLGS

Around 10.9 million MSME borrowers have been provided with guarantee support amounting to Rs 1.65 trillion as of July 2 this year under the ECLGS

Representative image
Representative image
Press Trust of India New Delhi
1 min read Last Updated : Jul 19 2021 | 6:13 PM IST

Around 1.09 crore MSME borrowers have been provided with guarantee support amounting to Rs 1.65 lakh crore as of July 2 this year under the Emergency Credit Line Guarantee Scheme (ECLGS), Parliament was informed on Monday.

The scheme is part of the Aatmanirbhar Bharat Abhiyaan package announced by the government to mitigate the distress caused by the lockdown due to COVID-19 by providing credit to different sectors, especially MSMEs.

"As part of the Aatma Nirbhar Bharat Abhiyaan, under the ECLGS, around 1.09 crore MSME borrowers have been provided with guarantee support amounting to Rs 1.65 lakh crore as on July 2, 2021," MSME Minister Narayan Rane said in a written reply to the Rajya Sabha.

In another reply, he also said that as of July 2, 2021, an amount of Rs 2.73 lakh crore has been sanctioned under the scheme, of which Rs 2.14 lakh crore has been disbursed.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :MSMEIndian EconomyNarayan Rane

First Published: Jul 19 2021 | 6:13 PM IST

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