New Delhi, Sept. 25 -- Banks have so far sanctioned over Rs 1.77 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), it was announced on Thursday.
In a series of tweets on the progress of the scheme, the office of Finance Minister Nirmala Sitharaman said that out of the total sanctioned amount, over Rs 1.25 lakh crore has already been disbursed.
"As of 21 Sept 2020, the total amount sanctioned under the 100 per cent Emergency Credit Line Guarantee Scheme by PSBs and private banks to MSMEs and individuals stands at Rs 1,77,353 crore, of which Rs 1,25,425 crore has already been disbursed," it said.
In another tweet, the Minister's office said that compared to September 3, there is an increase of Rs 16,335.32 crore...