Home / Economy / News / PSBs disburse Rs 14,691 cr to MSMEs under credit guarantee scheme

PSBs disburse Rs 14,691 cr to MSMEs under credit guarantee scheme

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

Govt launches updated Credit linked Capital Subsidy Scheme for MSMEs

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On May 21, the Cabinet had approved additional funding of up to Rs 3 trillion at a concessional rate of 9.25 per cent through ECLGS for the MSME sector.

Press Trust of India

3 min read Last Updated : Jun 12 2020 | 8:55 PM IST

The Finance Ministry on Friday said public sector banks have disbursed Rs 14,690.84 crore till June 11, under the Rs 3-trillion 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-trillion 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

Topics : Coronavirus Lockdown MSMEs Bank loans public sector banks

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