New Delhi, July 11 -- Banks have sanctioned Rs 1,20,099 crore loans to COVID hit Micro, Small and Medium Enterprises (MSMEs) under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS).
However, disbursements against this stood at Rs 61,987.90 crore till Thursday (July 9) under the 100 per cent ECLGS for MSMEs.
As of 9 July 2020, the total amount sanctioned under the 100 per cent Emergency Credit Line Guarantee Scheme by #PSBs and private banks stands at Rs 1,20,099.37 crore, of which Rs 61,987.90 crore has already been disbursed, said the Finance Minister Nirmala Sitharaman in a tweet.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirm...