Banks sanction ₹1.27 tn worth loans to MSMEs

As of 20 July, banks have sanctioned loans worth about ₹1,27,582 crore under the ₹3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector impacted by the economic slowdown triggered by coronavirus, said Finance Minister.
The scheme is the biggest fiscal component of the ₹20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May.