SBI Sanctioned Rs 19,668 crore Loans to 71 MSME hubs

SSBIBI sanctioned a loan for 71 MSMEs:

The Indian Finance Ministry on Friday said public sector banks especially SBI have sanctioned Rs 19,668.87 crore to 71 MSME hubs across the nation over under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS). Dispensing in these groups remained at Rs 12,871.50 crore starting at July 15 to substances having a place with micro, small and medium enterprise (MSME) sector, hit hard by the COVID-19 crisis.

The scheme is the greatest fiscal component of the Rs 20-lakh crore Atma Nirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman a month ago.

“Starting on July 15, SBI has sanctioned loans worth Rs 19,668.87 crore for 71 MSME hubs in 27 States/UTs under the 100 per cent Emergency Credit Line Guarantee Scheme, of which Rs 12,871.50 crore has just been disbursed,” Sitharaman said in a tweet.

Ahmedabad group has the most and highest sanctioned of Rs 1,983 crore, trailed by Surat Rs 1,715 crore as on July 15.

The Indian Finance Ministry on Friday said public sector bank SBI has sanctioned Rs 19,668.87 crore to 71 MSME hubs across the nation over under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS). Dispensing in these groups remained at Rs 12,871.50 crore starting at July 15 to substances having a place with micro, small and medium enterprise (MSME) sector, hit hard by the COVID-19 crisis.

The scheme is the greatest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman a month ago.

“Starting at July 15, #PSBs have sanctioned loans worth Rs 19,668.87 crore for 71 MSME hubs in 27 States/UTs under the 100 per cent Emergency Credit Line Guarantee Scheme, of which Rs 12,871.50 crore has just been disbursed,” Sitharaman said in a tweet.

Ahmedabad group has the most and highest sanctioned of Rs 1,983 crore, trailed by Surat Rs 1,715 crore as on July 15.

“The July 15 update of the 100 per cent ECLGS loans to MSME hubs denotes a substantial increment over the July 8 update as far as the amounts sanctioned and disbursed, and the number of records benefiting by the Scheme,” she said.

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