Under the 100% Emergency Credit Line Guarantee Scheme (ECLGS) backed by a Government of India guarantee, Banks from Public & Private Sectors have sanctioned loans worth over ₹ 1.5 lakh crore as of 18th August, 2020, of which more than ₹ 1 lakh crore has already been disbursed. The ECLGS was announced by the Government as a part of Aatma Nirbhar Bharat Package, to mitigate the distress caused by lockdown due to COVID-19 by providing credit to different sectors, especially MSMEs.

The details of total loans sanctioned and disbursed by Public & Private Sector Banks are:

Under the ECLGS, Public Sector Banks (PSBs) have sanctioned loans of ₹ 76,044.44 crore, out of which ₹ 56,483.41 crore has already been disbursed.  Whereas Private Sector Banks have sanctioned loans of ₹ 74,715.02 crore out of which ₹ 45,762.36 crore has already been disbursed. The top lenders under the Scheme are State Bank of India (SBI), Canara Bank, Punjab National Bank (PNB), Bank of India, Union Bank of India and HDFC Bank Ltd.

 Details of Loans sanctioned & disbursed by 12 PSBs are as follows:

State wise details of loans sanctioned and disbursed under ECLGS by PSBs are as follows:

 

Emergency Credit Line Guarantee Scheme expands guaranteed credit to businesses, with banks sanctioning and disbursing significant loans under the program. The Emergency Credit Line Guarantee Scheme (ECLGS) provides government backed guaranteed credit to mitigate COVID 19 distress, targeting MSMEs; banks in the public and private sectors have sanctioned and disbursed substantial loans under the Aatma Nirbhar Bharat package, with separate reporting of sanctioned amounts and disbursements by bank group, identification of top lenders, and compiled state wise and bank wise implementation data for monitoring outreach.