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The Economic Times
The Economic Times

Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisis

MSMEs ECLGS West Asia

New Delhi: Banks have sanctioned Rs 35,000 crore loans under the Emergency Credit Line Guarantee Scheme (ECLGS) to MSMEs and industries impacted by the West Asia conflict.

The scheme, approved by the Union Cabinet on May 5, aimed at providing additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore for airlines hit by the ongoing geopolitical crisis.

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