The disbursements by banks stood at Rs 1,13,713 lakh crore till September 3.
Under the Atmanirbhar Bharat Abhiyan economic package, this scheme is the largest fiscal component to help the MSME sector cope up with the stress caused due to the Covid-19 pandemic induced lockdowns.
As per the ministry the latest numbers on the ECLGS comprises disbursements done by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs).
The finance ministry said, “As of 3 Sept 2020, the total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by #PSBs and private banks stands at Rs 1,61,017.68 crore, of which Rs 1,13,713.15 crore has already been disbursed.”
Loans sanctioned by PSU Banks is Rs 78,067.21 crore, whereas private banks sanctioned
sanctioned Rs 82,950 crore of loans.
Finance Minsiter, Nirmala Sitharaman said, “Compared to 24 Aug 2020, there is an increase of Rs 5,022.06 crore in the cumulative amount of loans sanctioned & an increase of Rs 7,786.16 crore in the cumulative amount of loans disbursed by both #PSBs and private sector banks combined as on 03 Sept 2020.”
