Over 13 lakh MSME loan accounts restructured by public sector banks: Narayan Rane

MSME minister Narayan Rane also said that till July 2, Rs 2.73 lakh crore have been sanctioned under the Emergency Credit Line Guarantee Scheme

  • Money9
  • Publish Date - July 22, 2021 / 02:39 PM IST
Over 13 lakh MSME loan accounts restructured by public sector banks: Narayan Rane
Micro, Small and Medium Enterprises (MSME) minister Narayan Rane.

Micro, Small and Medium Enterprises (MSME) minister Narayan Rane on Thursday informed the Parliament that as many as 13.06 lakh MSME loan accounts with an aggregate amount of Rs 55,333 crore have been restructured by public sector banks (PSBs) till June 25.

Rane also said that till July 2, Rs 2.73 lakh crore have been sanctioned under the Emergency Credit Line Guarantee Scheme (ECLGS). The scheme was launched for an emergency credit line of up to Rs 4.5 lakh crore to businesses including MSMEs and the same is backed by 100% central government guarantee.

In a separate reply, he said since the inception of the Prime Minister’s Employment Generation Programme, till July 9, 6,97,612 units have been set up (including those by farmers) with MM (margin money) subsidy of Rs 16,688.17 crore.

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