Bhubaneswar, June 27 -- With a motive to help Micro, Small and Medium Enterprises (MSMEs) and quench their liquidity thirst amid COVID-19 pandemic, the State Bank of India (SBI) has decided to provide collateral free loans to 48,168 MSMEs in Odisha under the Guaranteed Emergency Credit Line (GECL).
The largest public sector lender has already sent pre-approved offer letters to these MSMEs of which 20,182 enterprises have been sanctioned Rs 644.82 crore so far.
Talking to media persons on Friday, on the eve of the International MSME Day, Bhubaneswar circle CGM Ruma Dey said total loan amount for the MSME sector under the GECL scheme for 2020-21 fiscal has been pegged at Rs 950 crore.
While urging enterprises to come forward and avail t...