The Parliament on Monday was informed that over 1.09 crore MSME borrowers had availed the guarantee support amounting to Rs 1.65 lakh crore as of July 2, 2021.
The guarantee support has been provided under Emergency Credit Line Guarantee Scheme (ECLGS) which is a part of the Atmanirbhar Bharat Abhiyaan package which was announced by the government to mitigate the distress caused by the lockdown due to Covid-19 by providing credit to different sectors, specifically for the MSMEs.
“As part of the Aatma Nirbhar Bharat Abhiyaan, under the ECLGS, around 1.09 crore MSME borrowers have been provided with guarantee support amounting to Rs 1.65 lakh crore as on July 2, 2021,” MSME Minister Narayan Rane said in a written reply to the Rajya Sabha.
In another reply, he also said that as of July 2, 2021, an amount of Rs 2.73 lakh crore has been sanctioned under the scheme, of which Rs 2.14 lakh crore has been disbursed.
