Govt. Schemes for MSMEs & NBFCs Creating Significant Impact- ECLGS Cross 79,000 Cr.
The interventions by Government for MSMEs, have been gaining rapid traction. Under the Emergency Credit Line backed by a Government guarantee, Banks from Public and Private Sectors have so far sanctioned loans worth over Rs 79,000 crore (US$ 11.21 billion) as of June 20, 2020, of which more than Rs 35,000 crore (US$ 4.97 billion) has already been disbursed.