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TMI BlogGovernment Schemes for MSMEs & NBFCs creating significant impact - Sanctions under Emergency Credit Line Guarantee Scheme (ECLGS)cross ₹ 79,000 croreX X X X Extracts X X X X X X X X Extracts X X X X ..... Government Schemes for MSMEs & NBFCs creating significant impact - Sanctions under Emergency Credit Line Guarantee Scheme (ECLGS)cross ₹ 79,000 crore - News and Press Release Dated:- 23-6-2020 - News - The interventions by Government for MSMEs, have been gaining rapid traction. Under the Emergency Credit Line backed by a Government guarantee, Banks from Public Private Sectors have ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... so far already sanctioned loans worth over ₹ 79,000 crore as of June 20, 2020, of which more than ₹ 35,000 crore has already been disbursed. The top lenders under the Scheme are SBI, HDFC Bank, Bank of Baroda, PNB Canara Bank. This has helped 19 lakh MSMEs other businesses restart their businesses post the lockdown. As part of the Aatmanirbhar package Government had ann ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ounced its plans for ₹ 3 lakh Crore as additional credit to MSMEs and small businesses. Such enterprises were to be eligible to receive upto 20% of their existing borrowing as additional loans at interest rates which were capped. Separately, under RBI s Special Liquidity Facility announced in March-April, 2020, SIDBI has sanctioned over ₹ 10,220 crore to NBFCs, Micro Finance In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stitutions Banks for lending to MSME small borrowers . National Housing Bank (NHB) has sanctioned its entire facility of ₹ 10,000 crore to Housing Finance Companies. This refinance by SIDBI NHB is in addition to ongoing schemes through which over ₹ 30,000 crore has been sanctioned. NBFCs MFIs are being further helped under the Extended Partial Guarantee Scheme where approval ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s have crossed ₹ 5500 crore. Transactions for another ₹ 5000 crore are under process of approval while certain other deals are currently under negotiation. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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