60 percent ECLGS of revised Rs. 4.5 lakh crore plan ceiling was sanctioned & distributed to MSMEs

The Emergency Credit Line Guarantee Scheme (ECLGS), which was launched in May 2020 as part of the Atmanirbhar Bharat campaign to alleviate the liquidity issue of Covid-affected current MSME borrowers, has facilitated the sanctioning of 60.6 percent of the scheme ceiling of Rs 4.5 lakh crore. As of July 2, 2021, Rs 2.73 lakh crore in loans has been sanctioned, with partner banks and NBFCs disbursing Rs 2.14 lakh crore.