On 1st October, 2020 the Finance Minister said that "the banks have sanctioned loans of about ₹ 1.86 lakh crore to 50 lakh business units under the ₹ 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, impacted by a slowdown due to the coronavirus pandemic." Till 29th September over 27 lakh MSME units have received about ₹ 1,32,246 crore. The … [Read more...]