Home / Economy / News / Banks sanction Rs 1.23 trn loans to MSMEs under credit guarantee scheme

Banks sanction Rs 1.23 trn loans to MSMEs under credit guarantee scheme

This data is as of July 15. However, at Rs 68,000 crore, the disbursed amount is 23 per cent of the promised Rs 3 trillion.

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As much as 61 per cent of the disbursed amount was lent by public sector banks, according to tweets by Nirmala Sitharaman’s office.

Indivjal Dhasmana New Delhi

1 min read Last Updated : Jul 18 2020 | 12:15 AM IST

Lenders have sanctioned Rs 1.23 trillion of loans to MSMEs, which is 41 per cent of the amount that was promised under the Emergency Credit Line Guarantee Scheme.

This data is as of July 15. However, at Rs 68,000 crore, the disbursed amount is 23 per cent of the promised Rs 3 trillion.

As much as 61 per cent of the disbursed amount was lent by public sector banks, according to tweets by Nirmala Sitharaman’s office.

Topics : Coronavirus Nirmala Sitharaman Lockdown MSME credit Bank loans Indian Economy India Inc Bank credit Stimulus package public sector banks

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