Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME

The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector. The top three lenders under the scheme are the State Bank of India, Canara Bank, and Punjab National Bank. What is the Emergency Credit Line Guarantee ..

Month: Current Affairs - August, 2020

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs • India Nation & States Current Affairs

Topics: Canara Bank • Emergency Credit Line Guarantee Scheme • Ministry of Finance • MSME sector • Punjab National Bank • State Bank of India

Inclusion of individual loans under ECLGS approved

The government has given the approval for inclusion of individual loans under the Emergency Credit Line Guarantee Scheme. The government has taken this decision after extensive discussions with the stakeholders and all the individual loans taken for business purposes will be considered under this guarantee scheme. Highlights The government has increased the outstanding loans limit ..

Month: Current Affairs - August, 2020

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs

Topics: ECLGS • Emergency Credit Line Guarantee Scheme • GECL • Guaranteed Emergency Credit Line Facility • MUDRA • Public Sector Enterprises Policy

Rs 68311 Cr. Disbursed under Emergency Credit Line Guarantee Scheme to the MSMEs

As per the data released by the Ministry of Finance, the Private and Public Sector banks in India have disbursed around Rs 68311 Cr. under the Emergency Credit Line Guarantee Scheme to the Micro, Small and Medium Enterprises in the country. As on July 15 2020, the total sanctioned amount under the scheme is Rs ..

Month: Current Affairs - July, 2020

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs

Topics: ECLGS • Emergency Credit Line Guarantee Scheme • MSME • Private Sector Banks • Public Sector Banks