Banks sanction ₹1.27 tn worth loans to MSME under credit guarantee scheme !!
The finance ministry on Tuesday said that, as of 20 July, banks have sanctioned loans worth about ₹1,27,582 crore under the ₹3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector impacted by the economic slowdown the triggered by coronavirus. However, disbursements from public sector banks and private banks against this stood at ₹77,613 crore under the 100% ECLGS for micro, small and medium enterprises (MSMEs). The scheme is the biggest fiscal component of the ₹20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in…