Public & Private Sector Banks sanction loans worth over Rs. 1 lakh crore as of June 26 under ECLGS

Under the 100 per cent Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government guarantee, Public and Private sector banks have sanctioned loans worth over 1 lakh crore rupees till 26th of June. Out of these, more than 45 thousand Crore rupees have already been disbursed.   It will help more than 30 lakh MSMEs and other businesses to restart their operations after the lockdown. Public sector banks have sanctioned loans of over 57 thousand 525 crore rupees whereas private sector bank...