MSME's & Small Business- Get Additional Credit | hybiz tv

MSME's & Small Business- Get Additional Credit | hybiz tv

Under the 100 per cent Emergency Credit Line Guarantee Scheme, ECLGS backed by a Government guarantee, Banks from Public and Private Sectors have sanctioned loans worth over Rs. 1 lakh crore as of 26th of this month, of which more than Rs. 45 thousand Crore have already been disbursed. br br It would help more than 30 lakh units of MSMEs and other businesses restart their businesses post the lockdown. br #MSME #EmergencyCreditLineGuaranteeScheme br Public Sector Banks have sanctioned loans of over Rs. 57 thousand 525 crore whereas Private Sector Banks have sanctioned loans of over Rs. 44 thousand 335 crore under ECLGS. br br The top lenders under the Scheme are SBI, Bank of Baroda, PNB, Canara Bank and HDFC. br br As part of the Aatmanirbhar package, Government had announced its plans for Rs. 3 lakh Crore as additional credit to MSMEs and small businesses. br br Such enterprises were to be eligible to receive upto 20 per cent of their existing borrowing as additional loans at interest rates which were capped.


User: HYBIZTV

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Uploaded: 2020-07-11

Duration: 01:22