Emergency Credit Line Guarantee Scheme Current Affairs, GK & News

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

August 20, 2020

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 ..

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Inclusion of individual loans under ECLGS approved

August 1, 2020

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 ..

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

July 17, 2020

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 ..

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