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The Times of India

Business

PTI

Banks sanction loans worth Rs 3.1 lakh crore to MSMEs under ECLGS: Nirmala Sitharaman

Nirmala Sitharaman New Delhi

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said banks have sanctioned loans worth Rs 3.1 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector that was impacted by disruptions due to the coronavirus pandemic.

The scheme has been extended till March 2023.

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