MSME credit

MSME credit sees little improvement

In fact, lending to this sector saw a de-growth of 17 per cent year-on-year, ever since the lockdown was imposed in late March.

published on : 21st August 2020

Banks sanctions about Rs 1.14 lakh crore loans to MSMEs under credit guarantee scheme

Under the ECLGS, the loan amounts sanctioned by PSBs increased to Rs 65,863.63 crore, of which Rs 35,575.48 crore has been disbursed as of July 4.

published on : 7th July 2020

Public sector banks disburse Rs 14,691-crore loan to MSMEs under emergency credit guarantee scheme

Under the scheme, 100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 lakh crore to eligible MSMEs.

published on : 12th June 2020

NCGTC likely to offer credit guarantee for Rs 3 lakh crore loan scheme for MSMEs

NCGTC is likely to provide 100 per cent guarantee to loans to be given to more than 45 lakh micro, small and medium enterprises (MSMEs) at an attractive rate of 9.25 per cent.

published on : 18th May 2020

MSMEs have debt pile of Rs 5 lakh crore against Rs 3 lakh crore credit line: Nitin Gadkari

Gadkari’s was a ballpark estimate as there are no firm figures yet amid the Centre pegging its dues to the MSMEs at under Rs 10,000 crore.

published on : 16th May 2020