emergency credit line guarantee scheme
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  • Govt extends Emergency Credit Line Guarantee Scheme for MSME by 1 month Nov 02, 2020 06:11 PM IST

    Govt extends Emergency Credit Line Guarantee Scheme for MSME by 1 month

    The scheme has been extended till November 30 or till such time that an amount of Rs 3 lakh crore is sanctioned under the scheme, whichever is earlier, the Finance Ministry said in a statement said.

  • Banks sanction Rs 1.87 lakh crore to 50.7 lakh MSMEs under credit guarantee scheme Oct 08, 2020 05:08 PM IST

    Banks sanction Rs 1.87 lakh crore to 50.7 lakh MSMEs under credit guarantee scheme

    The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress caused by lockdown due to COVID-19 by providing credit to different sectors, especially micro, small and medium enterprises (MSMEs).

  • Banks sanction loans worth Rs 1.77 lakh crore to 44 lakh MSMEs under credit guarantee plan Sep 24, 2020 09:21 PM IST

    Banks sanction loans worth Rs 1.77 lakh crore to 44 lakh MSMEs under credit guarantee plan

    The latest numbers on ECLGS, as released by the Finance Ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs).

  • Banks sanction Rs 1.63 lakh crore to 42 lakh MSMEs under credit guarantee scheme Sep 13, 2020 03:12 PM IST

    Banks sanction Rs 1.63 lakh crore to 42 lakh MSMEs under credit guarantee scheme

    The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress by providing credit to different sectors, especially micro, small and medium enterprises (MSMEs).

  • FM Sitharaman to meet heads of banks, NBFCs on loan recast on September 3 Sep 02, 2020 08:15 PM IST

    FM Sitharaman to meet heads of banks, NBFCs on loan recast on September 3

    Besides assessing the preparedness of banks on the debt recast, sources said, the meeting will also review the progress of various schemes announced under the Rs 20.97 lakh crore Aatmanirbhar Bharat Abhiyaan.

  • Banks sanction loans of Rs 1.56 lakh crore to MSMEs under credit guarantee scheme Aug 25, 2020 11:00 PM IST

    Banks sanction loans of Rs 1.56 lakh crore to MSMEs under credit guarantee scheme

    The Finance Ministry on August 25 said banks have sanctioned loans of about Rs 1,55,995 crore under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector reeling under the slowdown caused by the coronavirus pandemic.

  • Banks cannot refuse credit to MSMEs covered under emergency credit facility: FM Nirmala Sitharaman Jul 31, 2020 05:30 PM IST

    Banks cannot refuse credit to MSMEs covered under emergency credit facility: FM Nirmala Sitharaman

    As part of the Aatmanirbhar Bharat Package, the government had announced Rs 3 lakh crore Collateral-free Automatic Loans for businesses, including MSMEs.

  • PSBs sanction Rs 19,668 crore loans to 71 MSME hubs under credit guarantee scheme Jul 17, 2020 06:37 PM IST

    PSBs sanction Rs 19,668 crore loans to 71 MSME hubs under credit guarantee scheme

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

  • PSBs disburse Rs 3,893 crore loans to MSMEs on June 1-2 Jun 03, 2020 11:50 AM IST

    PSBs disburse Rs 3,893 crore loans to MSMEs on June 1-2

    PSBs have sanctioned loans worth Rs 10,361.75 crore under the 100 percent ECLGS starting June 1.

  • Govt notifies Rs 3 lakh crore MSME credit guarantee scheme: Here's all you need to know May 26, 2020 05:54 PM IST

    Govt notifies Rs 3 lakh crore MSME credit guarantee scheme: Here's all you need to know

    Under this scheme, MSMEs borrowers with up to Rs 25 crores of total borrowing can avail an additional 20 percent of the loan outstanding from banks, NBFCs, and other financial institutions (FI).

  • BIG STORY | Cabinet approves Rs 3 lakh crore funding for MSMEs at 9.2% May 21, 2020 04:56 PM IST

    BIG STORY | Cabinet approves Rs 3 lakh crore funding for MSMEs at 9.2%

    This was the second-biggest component of Rs 20 lakh crore economic relief package announced by Finance Minister Nirmala Sitharaman last week

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