Banks sanction loans worth Rs 3.1 lakh crore to MSMEs under ECLGS: Nirmala Sitharaman
"Those MSMEs who still wants to benefit out of it are welcome to use it... the amount of loan sanctioned under the ECLGS is Rs 3.1 lakh crore and guarantee space is still Rs 1.4 lakh crore," she said in her 100-minute reply to the discussion on Union Budget 2022-23 in Lok Sabha.
Bank credit grows by 8.21 per cent, deposits by 8.31 per centIn the fortnight ended January 29, 2021, bank advances stood at Rs 107.04 lakh crore and deposits at Rs 148.02 lakh crore, according to the RBI's Scheduled Banks' Statement of Position in India as on January 28, released on Thursday.
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