Loans worth more than ₹ 1 Lakh crore disbursed under ECLGS

Under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government of India guarantee, Banks from Public & Private Sectors have sanctioned loans worth over ₹ 1.5 lakh crore as of 18th August, 2020, of which more than ₹ 1 lakh crore has already been disbursed. The ECLGS was announced by the Government as a part of Aatma Nirbhar Bharat Package, to mitigate the distress caused by lockdown due to COVID-19 by providing credit to different sectors, especially MSMEs.

The details of total loans sanctioned and disbursed by Public & Private Sector Banks are:

Under the ECLGS, Public Sector Banks (PSBs) have sanctioned loans of ₹ 76,044.44 crore, out of which ₹ 56,483.41 crore has already been disbursed.  Whereas Private Sector Banks have sanctioned loans of ₹ 74,715.02 crore out of which ₹ 45,762.36 crore has already been disbursed. The top lenders under the Scheme are State Bank of India (SBI), Canara Bank, Punjab National Bank (PNB), Bank of India, Union Bank of India and HDFC Bank Ltd.

 Details of Loans sanctioned & disbursed by 12 PSBs are as follows:

State wise details of loans sanctioned and disbursed under ECLGS by PSBs are as follows: