Banks sanction Rs 2.46 lakh cr loans to 92 lakh borrowers under ECLGS
Banks have sanctioned loans worth Rs 2.46 lakh crore under ECLGS, Union Minister of State for Finance Anurag Thakur told the Rajya Sabha
PTI | March 10, 2021 | Updated 10:02 IST
As on February 28, 2021, guarantees have been issued under ECLGS to 92.27 lakh borrowers
Banks have sanctioned loans worth Rs 2.46 lakh crore to about 92 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme for the MSME sector, Minister of State for Finance Anurag Thakur on Tuesday said.
As informed by National Credit Guarantee Trustee Company (NCGTC), the implementing agency of Emergency Credit Line Guarantee Scheme, as on February 28, 2021, the amount of loan sanctioned under ECLGS is Rs 2.46 lakh crore, he said in a written reply to the Rajya Sabha.
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Responding to the outages felt across banking and e-commerce services, the Telecom Regulatory Authority of India (Trai) has put on hold implementation of its regulations to curb unsolicited commercial communication. Users failed to receive text messages including one time passwords for online transactions , and banks attributed the glitches to Trai’s new regulations which came into effect on Monday. The regulator has now given service providers another week to adhere to the norms, though banks and payment gateway firms said on Tuesday that 60-70 per cent of their messages were delivered to customers.
Trai regulations were introduced in 2018 and a framework was put in place to protect customers from fraud and phishing. Under these regulations, companies which send messages are registered and the messages are verified by telecom companies using a block chain-based solution. Text messages from unregistered sender IDs or headers are blocked.
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