BANK SANCTIONS LOANS TO MESME AND OTHER BUSINESSES

Loan of 79k crore is sanctioned to 19lakh Msme and other businesses, out of which 35k crore has already been disbursed, top lenders are SBI,HDFC bank , Bank of Baroda, PNB and CANARA BANK.

As per Atma Nirbhar Bharat ( Self Reliant ) package, the Indian government had announced ₹3 lakh of additional credit to Msme and other businesses.

Also under RBI’s Special Liquidity Facility, SIDBI has sanctioned over ₹10,220 crore to NBFCs, Micro Finances institutions and banks for lending to MSME and small borrowers.There are several other transactions which are still under approval process or negotiations, according to the ministry.

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