Banks sanction over Rs 1.27 lakh cr loans under Emergency Credit Line Guarantee Scheme

There is an increase of over 4,237 crore rupees in the cumulative amount of loans sanctioned and over 9,301 crore rupees in the cumulative amount of loans disbursed by both public and private sector banks till yesterday as compared to 15th of July.   As of 20th of July, the total amount sanctioned under the 100 percent Emergency Credit Line Guarantee Scheme (ECLGS) by the banks stands at over 1.27 lakh crore, of which over 77,613 crore rupees have already been disbursed. Finance Ministry said un...