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The Times of India
The Times of India
Business
PTI

Private sector lenders ahead in utilising ECLGS: RBI

ECLGS RBI MSME Mumbai

MUMBAI: Private sector banks have show greater appetite than their public sector peers in utilising the Emergency Credit Line Guarantee Scheme (ECLGS), an RBI report said on Thursday.

Observing that the ECLGS has played a key role in reviving the MSME sector, the Financial Stability Report (FSR) said loans amounting to Rs 3.32 lakh crore were sanctioned under the scheme till April 30, 2022, of which an amount of Rs 2.54 lakh crore was disbursed (Rs 2.36 lakh crore by banks).

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