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Over Rs 1 lakh crore sanctioned under the Govt’s MSME emergency credit scheme

The amount sanctioned by banks to MSMEs under the Rs 3 lakh crore collateral-free emergency credit line guarantee scheme (ECLGS) as on June 26 stood at Rs 1,01,861 crore out of which Rs 45,860 crore was disbursed to MSMEs impacted by Covid. Out of the total amount disbursed so far, the share of public sector banks was Rs 29,232.27 crore while private banks disbursed Rs 16,628.33 crore. The top lenders to MSMEs under the scheme were SBI with over Rs 12,000 crore disbursed followed by Canara Bank with over Rs 3,400 crore, and Bank of Baroda with Rs 2,695 crore.

Read More at The Financial Express News date : 1 Jul 2020, Wednesday

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