Almost 3 months down the road since its announcement, banks have sanctioned virtually part of the cash promised underneath the Emergency Credit Line Guarantee Scheme (ECLGS).

Public and private sector banks have sanctioned a little over Rs 1.five trillion as on August 18.

As a lot as Rs 3 trillion was once promised to be lent underneath the scheme, totally assured via the federal government.

The lenders have allotted Rs 1.02 trillion to two.37 million accounts. The scheme was once basically aimed at the micro, small and medium enterprises (MSMEs), hit onerous via lockdowns because of the outbreak of Covid-19.

Source: 12 public sector banks and 24 private sector banks as printed via the finance ministry (Aug 18)

Sanctioned — a collection of accountsDisbursed– a collection of accountsSanctioned– in Rs croreDisbursed in Rs crore
Public Sector Banks3,356,9432,032,04776,044.4456,483.41
Private Sector Banks770,445305,59374,715.0245,762.36

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