Banks sanction loans of Rs 1.61 lakh cr to MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May to mitigate the distress caused by lockdown.

from Banking/Finance-Industry-Economic Times https://ift.tt/3iaUt6O