According  to the report, the scheme prompted public sector banks to disburse 2.6 times higher loan amount to MSMEs in June 2020 over February 2020

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State Additional Chief Secretary of Industries and Mines MK Das and SIDBI Deputy Managing Director Vasantharao Satya Venkata Rao signed the MoU in the presence of Chief Minister Vijay Rupani in Gandhinagar

The latest numbers on ECLGS, as released by the finance ministry, comprise disbursements by all 12 public sector banks (PSBs), 24 private sector banks and 31 non-banking financial companies (NBFCs)

The finance minister, in her review meeting with the heads of Scheduled Commercial Banks (SCBs) and NBFCs, added that COVID-19 related distress must not impact the lenders' assessment of their creditworthiness

Banks are in the process of getting a board-approved restructuring framework in line with the RBI's framework and eligibility defined by the central bank in its notification on August 6

There is an increase of Rs 5,236.17 crore in cumulative amount of loans sanctioned and an increase of Rs 3,681.22 crore in cumulative amount of loans disbursed since August 18

However, disbursements against this stood at Rs 1,05,926 lakh crore till August 24. The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan packag

Sitharaman, in a conversation with Hero Enterprise Chairman Sunil Kant Munjal, said the government as part of the Aatmanirbhar Bharat package had announced opening up of all sectors for private participation

PSBs sanctioned Rs 71,818.16 crore, out of which Rs 47,631.41 crore has been disbursed by July 23. Private sector banks have sanctioned Rs 58,673 crore and disbursed Rs 34,433 crore

The loan amounts sanctioned by public sector banks stood at Rs 70,894.59 crore, of which Rs 45,797.29 crore has been disbursed as of July 20, says finance ministry

The loan amounts sanctioned by public sector banks has increased to Rs 69,135.19 crore, of which Rs 41,819.19 crore has been disbursed as of July 15,  says Finance Ministry

SBI Capital Markets has received 24 applications requesting about Rs 9,875 crore of financing as on July 7, 2020, which are being processed, the finance ministry said in a statement

Public sector banks sanctioned Rs 65,863.63 crore to 32,00,430 account holders, of which Rs 35,575.48 crore have already been disbursed; private sector banks sanctioned loans worth Rs 48,638.96 crore to 4,28,014 account holders, of which Rs 20,515.7 crore have already been disbursed

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Nirmala Sitharaman on Monday that the total amount sanctioned under the 100% Emergency Credit Line Guarantee Scheme by PSBs and private banks stands at Rs 75,426.39 crore, out of which Rs 32,894.86 crore has already been disbursed

MSMEs want the government to implement further policy measures to alleviate coronavirus-triggered impact

Under the scheme, 100 per cent guarantee coverage is being provided by the National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 lakh crore to eligible MSMEs and interested MUDRA borrowers in the form of a GECL facility

\"Within just 14 days since the Aatmanirbhar Bharat Abhiyan was announced, PSBs have already sanctioned loans worth Rs 24,260 crore to about 5.46 lakh MSMEs under 100 per cent ECLGS

The scheme is applicable to all loans sanctioned under GECL facility during the period from the date of announcement of the scheme to October 31 or till an amount of Rs 3 lakh crore is sanctioned under GECL, whichever is earlier