State banks sanction Rs 19,668 crore loans to 71 MSME hubs under credit guarantee scheme

Disbursement in these clusters stood at Rs 12,871.50 crore as of July 15 to entities belonging to micro, small and medium enterprise (MSME) sector, hit hard by the COVID-19 crisis. The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OxYDbz