: Loans worth Rs 599.12 cr disbursed through PSBs so far; Tamil Nadu tops the list #FinanceIndia #StockMarketNEWS Loans worth Rs 599.12 cr disbursed through PSBs so far; Tamil Nadu tops the list New

@StockMarketNEWS Thu 11 Jun, 2020

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Loans worth Rs 599.12 cr disbursed through PSBs so far; Tamil Nadu tops the list #FinanceIndia #StockMarketNEWS
Loans worth Rs 599.12 cr disbursed through PSBs so far; Tamil Nadu tops the list New Delhi, June 9 (KNN) Loans worth Rs 599.12 crore has been disbursed by the public sector banks to 17,904 MSMEs as of June 8, 2020 under Rs 3 lakh crore collateral-free Emergency Credit Line Guarantee Scheme (ECLGS), Finance Minister Nirmala Sitharaman’s office said this in a tweet.

These MSMEs are based across 21 cities or MSME hubs in 12 states.

The overall amount sanctioned till Monday stood at Rs 1,109 crore for 26,916 accounts across these hubs.

Union Cabinet chaired by Prime Minister Narendra Modi has announced Rs 20 lakh crore economic package last month.

Tamil Nadu has so far topped in terms of disbursement to MSMEs. In Tamil Nadu, disbursements as per districts wereCoimbatore (Rs 143.7 crore in 1,758 accounts) and Tiruppur (Rs 97.2 crore in 760 accounts) followed Durgapur (Rs 61.4 crore in 2,005 accounts) in West Bengal, Uttar Pradesh’s Kanpur (Rs 60.5 crore in 1,498 accounts), and Gujarat’s Surat (Rs 39.7 crore in 992 accounts) and Rajkot (Rs 33.8 crore in 981 accounts).

Other states included Andhra Pradesh, Assam, Chhatisgarh, Maharashtra, Odisha, Punjab, Telangana, and Karnataka. The data was shared by Sitharaman in the tweet.

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