Banks sanction loans of Rs 1.61 lakh cr to MSMEs under credit guarantee scheme
"As of 3 Sept 2020, the total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by #PSBs and private banks stands at Rs 1,61,017.68 crore, of which Rs 1,13,713.15 crore has already been disbursed," the finance minister said in a tweet.
Finance Ministry on Monday said banks have sanctioned loans of about Rs 1,61,017 crore under the Rs 3-lakh crore ECLGS for the MSME sector reeling under the slowdown caused by the coronavirus pandemic, Photo: Reuters