Credit Guarantee Loans Scheme: Rs. 1.5 lakh crore was released

Mumbai, Ta. 25 September 2020, Friday

Under the Emergency Credit Line Guarantee Scheme, public sector banks have so far sanctioned loans of Rs 1.5 lakh crore to micro, small and medium enterprises (MSMEs), but out of this, Rs 1.5 lakh crore has been disbursed to 4.5 lakh MSME units. Said.

Loans have been sanctioned to 3.50 lakh units which have come under pressure due to Corona.

The government has announced a self-sufficiency package of Rs 20 lakh crore in May to help various sectors of the country's economy that have come under strain due to Corona.

The loans were disbursed by 12 public sector banks, six private banks and 21 NBFCs, finance ministry sources said. SSMEs with a turnover of up to Rs 50 crore are covered under this scheme.

Under this scheme, loans of Rs. 216 crore have been released to 8 individual entrepreneurs.


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