Banks sanction Rs 1.87 lakh crore to 50.7 lakh MSMEs under credit guarantee scheme

The finance ministry on Thursday said banks have sanctioned loans of about Rs 1,87,579 crore to 50.7 lakh business units under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector impacted by slowdown caused by the coronavirus pandemic.

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