In a tweet, the office of finance minister Nirmala Sitharaman said: "As of 11 June 2020, #PSBs have sanctioned loans worth Rs 29,490.81 crore under the 100 per cent Emergency Credit Line Guarantee Scheme, out of which Rs 14,690.84 crore has already been disbursed."
As of 11 June 2020, #PSBs have sanctioned loans worth Rs 29,490.81 crore under the 100% Emergency Credit Line Guarantee Scheme, out of which Rs 14,690.84 crore has already been disbursed. Here are the bank-wise and state-wise details. #AatmanirbharBharat #MSMEs pic.twitter.com/VeD9TWGL8n
— NSitharamanOffice (@nsitharamanoffc) June 12, 2020
According to the finance ministry data, loans have been disbursed to 3,75,087 accounts under ECLGS showing that a wide spectrum of industries are taking advantage of the scheme to meet their immediate liquidity needs.
Apart from SBI, Union Bank of India and Canara Bank have sanctioned over Rs 1,000 crore worth of loans to MSME segment. Also, Punjab National Bank, Bank of Baroda and Bank of India have sanctioned over Rs 700 crore worth of loans. Though disbursal from Central Bank of India is relatively lower as it has distributed the money to large number of accounts at over 68,277.
Bulk of the loan sanctions has gone to industry in the southern states while industrial sectors in Maharashtra, Uttar Pradesh, Rajasthan and Gujarat have also received high quantum of loans from PSBs.
In all PSBs have sanctioned loan under ECLGS to over 750,000 accounts so far while disbursals have been made in case of over 375,000 lakh accounts.
The ECLGS scheme is the biggest fiscal component of the Rs 20-lakh crore Self-Reliant India Mission package announced by Finance Minister Nirmala Sitharaman last month.
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