1.9 cr MSME borrowers got guarantee support under ECLGS till July 2: MSME minister

New Delhi, Jul 20 (KNN) The government has provided with guarantee support amounting to Rs 1.65 lakh crore to 1.09 crore MSME borrowers as of July 2 this year under the Emergency Credit Line Guarantee Scheme (ECLGS), the MSME minister Narayan Rane informed parliament.

The scheme is part of the Aatmanirbhar Bharat Abhiyaan package announced by the government to mitigate the distress caused by the lockdown due to COVID-19 by providing credit to different sectors, especially MSMEs.

"As part of the Aatma Nirbhar Bharat Abhiyaan, under the ECLGS, around 1.09 crore MSME borrowers have been provided with guarantee support amounting to Rs 1.65 lakh crore as on July 2, 2021," Rane said in a written reply to the Rajya Sabha.

In another reply, the minister also informed that as of July 2, 2021, an amount of Rs 2.73 lakh crore has been sanctioned under the scheme, of which Rs 2.14 lakh crore has been disbursed.