MSMEs get `2.05-L cr credit line: FinMin
Breather for over 81 lakh MSMEs under ECLG scheme
image for illustrative purpose
Aatmanirbhar Bharat Package 3.0
- Rs 2.05 lakh crore sanctioned
- Rs 1.52 lakh crore disbursed under ECLGS 1.0
Rs 3 lakh cr collateral-free guaranteed loans, budgetary provision of Rs 4,000 cr made for the scheme in First Supplementary Demand for Grants for FY 2020-21, tweets FinMin
New Delhi: The Union 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. "As part of the Aatmanirbhar Bharat Abhiyan 3.0 (announced on November 12), ECLGS Scheme has been extended through ECLGS 2.0 for the 26 stress sectors and health care sector with credit outstanding of above Rs 50 crore and up to Rs 500 crore as on February 29, 2020," a tweet said.
Under ECLGS 2.0, entities with outstanding credit above Rs 50 crore and not exceeding Rs 500 crore as on February 29, 2020.
