The Financing Ministry on Thursday said public sector banks have paid out12,20065 crore till June 9, under the 3 lakh crore Emergency Line of credit Assurance Plan (ECLGS) for the MSME sector, hit hard by the coronavirus-induced lockdown.
Public Sector Banks (PSBs) have actually sanctioned loans worth24,26065 crore under the 100?LGS for the Micro, Small & Medium Enterprises (MSME) sector beginning June 1.
The scheme is the most significant financial part of the20- lakh crore Self-Reliant India Mission package revealed by Financing Minister Nirmala Sitharaman last month.
” Since 9 June 2020, #PSBs have approved loans worth24,26065 crore under the 100%Emergency Credit Limit Warranty Plan, out of which12,20065 crore have been paid out,” Ms. Sitharaman said in a tweet.
Business systems of Tamil Nadu have actually got greatest cumulative sanction of 2,637 cror