New Delhi: The government is going all out to ensure that liquidity concerns of the MSME sector are addressed on priority under its Emergency Credit Line Guarantee Scheme (ECLGS).
As of August 3, 2020 public sector and private banks have sanctioned loans worth over Rs 1.38 lakh crore under the 100 per cent Emergency Credit Line Guarantee Scheme, of which close to Rs 92,000 crore has already been disbursed.
There has been a big jump in sanctions in the last 18-20 days with sanctions increasing rapidly by about Rs 15,000 crore while disbursement increased even rapidly by close to Rs 25,000 crore.
