Ministry of Finance
Loans worth more than Rs 1 lakh crore sanctioned under ECLGS
More than 30 lakh units of MSMEs & other businesses received help under the Scheme
Posted On:
30 JUN 2020 5:50PM by PIB Delhi
Under the 100 % Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government guarantee , Banks from Public & Private Sectors have sanctioned loans worth over Rs. 1 lakh crore as of June 26, 2020, of which more than Rs 45,000 crore has already been disbursed. This would help more than 30 lakh units of MSMEs & other businesses restart their businesses post the lockdown..
![](http://pibphoto.nic.in/documents/Others/2020630czdfdf224.gif)
PSBs have sanctioned loans of Rs 57,525.47 crore whereas Private Sector Banks have sanctioned loans of Rs 44,335.52 crore under ECLGS. The top lenders under the Scheme are SBI , Bank of Baroda, PNB, Canara Bank & HDFC.
Details of Loans sanctioned & disbursement by 12 PSBs are as follows:
![](http://pibphoto.nic.in/documents/Others/2020630czdfdf225.gif)
As part of the Aatmanirbhar package Government had announced its plans for Rs. 3 lakh Crore as additional credit to MSMEs and small businesses. Such enterprises were to be eligible to receive upto 20% of their existing borrowing as additional loans at interest rates which were capped.
State wise details of loans sanctioned and disbursed under ECLGS by PSBs are as follows:
![](http://pibphoto.nic.in/documents/Others/2020630czdfdf226.gif)
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(Release ID: 1635376)
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