Monday, March 17, 2025 | 01:10 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Banks sanction Rs 1.3 trn loans to MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

banks, bad loans, rbi,
Premium

Under the ECLGS, the loan amounts sanctioned by PSBs increased to Rs 71,818.16 crore

Press Trust of India New Delhi
The finance ministry on Friday said banks have sanctioned loans of about Rs 130,491 crore under the Rs 3-trillion Emergency Credit Line Guarantee Scheme (ECLGS) for MSME sector, hit hard by the economic slowdown caused by Covid-19 pandemic.
However, disbursements against this stood at Rs 82,065 crore till July 23 under the 100 per cent ECLGS for micro, small and medium enterprises (MSMEs).
The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May.
The latest numbers on the ECLGS, as released by the finance ministry, comprise disbursements by all 12

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in