New Delhi, June 23 -- Under the Emergency Credit Line backed by a Government guarantee, Banks from Public & Private Sectors have so far already sanctioned loansworth over Rs. 79,000 crore as of June 20, 2020, of which more than Rs 35,000 crore has already been disbursed, Ministry of Finance said in a statement today.
The Ministry said that the top lenders under the Scheme are SBI, HDFC Bank, Bank of Baroda, PNB & Canara Bank.
This has helped 19 lakh MSMEs & other businesses restart their businesses post the lockdown, the Finance Ministry release added.
As part of the Aatmanirbhar package Government had announced its plans for Rs. 3 lakh Crore as additional credit to MSMEs and small businesses.Such enterprises were to be el...