The lender had used various channels such as webinars, calls, SMSes and emails to raise awareness about these credit lines and to reach out to its borrowers.
The bank said it is now gearing up to extend the stimulus package announced by Finance
Minister Nirmala Sitharaman
aimed at restarting business activities.
Recently, the government had announced a Rs 20 trillion (nearly 10 per cent of GDP) package to support the economy headed for its first full-year contraction in more than four decades.
Last week, Sitharaman had announced a 100 per cent credit scheme worth Rs 3 trillion to support the MSME sector, which has been adversely affected by disruptions caused by coronavirus
All existing MSME borrowers with outstanding credit of up to Rs 25 crore as on February 29, and with an annual turnover of up to Rs 100 crore would be eligible for guaranteed funding under the scheme.