The Finance Ministry on Friday said public sector banks have sanctioned Rs 19,668.87 crore to 71 MSME hubs across the country under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS).
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.