Which bank is helping to make MSMEs self-reliant, know here

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  • Loans of Rs 52,255.53 crore disbursed to MSMEs of Emergency Credit Facility Guarantee Scheme
  • Government Banks allocated loan of Rs 63,234.94 crore and disbursement of loan of Rs 33,349.13 crore
  • new Delhi. It has been informed by the Finance Ministry that the bank and ABFC have been given a loan of Rs 52,255.53 crore till July 1 under the Government Emergency Credit Line Guarantee Scheme to the MASE (MSME). is. At the same time, under the scheme, banks and NBFCs have sanctioned Rs 1.10 lakh crore so far.Loans sanctioned to MSMEs for Rs 1.10 lakh crore
    have been included in the data released by 12 public banks, 20 private banks and 9 NBFCs in the data released under Emergency Loans. According to a tweet by the finance minister, as of July 1, 2020, public sector banks and private banks have approved loans worth Rs 1,10,343.77 crore under the 100% Emergency Credit Facility Guarantee Scheme. Out of this, loan disbursement of Rs 52,255.53 crore has been done.There can be major decisions regarding GST rates, know what will be the effect on the general public

    Cooperation of public sector banks is most visible in the more divided loan figures from public sector banks. Government banks disbursed loans worth Rs 63,234.94 crore and disbursed loans worth Rs 33,349.13 crore. Talking about private banks, the allocation of Rs 47,108.83 crore and disbursement of Rs 18,906.40 crore has been made under this scheme by private banks so far. According to Sitharaman, compared to the data till June 24, MSMEs have seen an increase in loans and units availing them.

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    State Bank of India approved loans worth Rs 20,281 crore till 26 June. While people of about 12,855 crores have been distributed. After this, Punjab National Bank has approved a loan of Rs 7,957 till July 1 and disbursed a loan of Rs 2404 crore. If we talk about the states, Maharashtra tops the list with disbursement of Rs 6,578 crore and Rs 3,310 crore till July 1. Tamil Nadu is at number two, where banks sanctioned loans worth Rs 6,390 crore and disbursed loans worth Rs 3,695 crore.

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    Sanction to MSME Hub In a
    tweet from the Finance Minister, it said that under the Cent percent Emergency Credit Facility Guarantee Scheme by Public Banks till June 30, 71 MSME Hubs in 27 states and UTs have been sanctioned a loan of Rs 15,674.74 crore. Of this, a loan of Rs 9,074.04 crore has been given. Based on the data as of June 30, the maximum allocation of Rs 1,910 crore has been made in the Ahmedabad region. 1,602 crore loan has been sanctioned in Surat region.

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