New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said that as part of Atmanirbhar Bharat, the Centre sanctioned a total amount of 1,43,318.09 crore under the 100% Emergency Credit Line Guarantee Scheme by public sector banks and private banks.
Of the total amount, Rs 98,665.93 crore has already been disbursed.
“As of 12 Aug 2020, the total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by #PSBs and private banks stands at Rs 1,43,318.09 crore, of which Rs 98,665.93 crore has already been disbursed,” Sitharaman’s office tweeted.
“Under the 100% ECLGS, the loan amounts sanctioned by Public Sector Banks increased to 74,502.85 crore, of which Rs 54,677.11 crore has been disbursed as of 12 Aug 2020,” it said in another tweet.
“Compared to 03 Aug 2020, there is an increase of Rs 5,731.55 crore in the cumulative amount of loans sanctioned & an increase of Rs 6,551.93 crore in the cumulative amount of loans disbursed by both #PSBs and private sector banks combined as on 12 Aug 2020. ”
Under the 100% ECLGS, the loan amounts sanctioned by Public Sector Banks increased to 74,502.85 crore, of which Rs 54,677.11 crore has been disbursed as of 12 Aug 2020. Here are the bank-wise & State-wise details: #AatmanirbharBharat #MSMEs pic.twitter.com/BgI1py0iuA
— NSitharamanOffice (@nsitharamanoffc) August 14, 2020
The ECLGS was launched by the Government to provide much-needed relief to the MSME sector by incentivizing member lending institutions to provide additional credit of up to 3 lakh crore at low interest to enable MSME to meet their operational requirements in the COVID-19 crisis.
