Page 6 - Partial Credit Guarantee Scheme News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Slowdown in loans sanctioned to struggling businesses, MSMEs
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FM reviews progress of various schemes under 3 packages; banks sanction ₹2 05 lakh crore to MSMEs
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Aatmanirbhar Bharat I FM reviews implementation of Rs 20 lk cr Aatmanirbhar Bharat relief package
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FM Sitharaman Reviews Progress Of Various Schemes Under 3 Packages; Banks Sanction Rs 2 05 Lakh Crore To MSMEs
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NEW DELHI: The Finance Ministry on Friday said banks have sanctioned loans worth Rs 2,05,563 crore to about 81 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector that was impacted by disruptions caused due to the coronavirus pandemic.
While, 40 lakh MSME accounts have received Rs 1,58,626 crore till December 4, the Finance Ministry said in a series of tweets.
“Rs 3 lakh cr Collateral-Free Guaranteed Loans – Budgetary provision of Rs 4,000 crore made for the Scheme in First Supplementary Demand for Grants for FY 2020-21,” a tweet said.
Announcing Aatmanirbhar Bharat Package 3.0 last month, Finance Minister Nirmala Sitharaman had said that Rs 2.05 lakh crore sanctioned and Rs 1.52 lakh crore disbursed under ECLGS 1.0.