Over Rs 1 lakh crore worth of loans disbursed under ECLGS until Tuesday

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Over Rs 1 lakh crore value of loans have been disbursed underneath the government-backed emergency credit score line assure scheme (ECLGS) till Tuesday, in response to knowledge from the finance ministry.

Whereas public sector banks (PSBs) disbursed loans totaling Rs 56,483 crore, personal banks disbursed Rs 45,762 crore taking the entire quantity to Rs 1.02 lakh crore, mentioned a launch on Thursday.

The full quantity was disbursed to 23.four lakh accounts out of which PSBs accounted for 20.three lakh accounts.

A bank-wise break up confirmed the highest three lenders underneath the scheme had been the State Financial institution of India (SBI) with a disbursement of Rs 17,095 crore, adopted by Punjab Nationwide Financial institution’s (PNB) Rs 7,197 crore and Canara Financial institution at Rs 6,556 crore.

By way of the variety of accounts these quantities had been disbursed to, SBI made up for two.99 lakh whereas PNB and Canara Financial institution accounted for 1.73 lakh and three.84 lakh accounts respectively.

The finance ministry additionally supplied a state-wise break up of the info which confirmed that Maharashtra acquired the very best quantity of disbursements at Rs 6,007 crore reaching 1.66 lakh accounts.

Second in line was Tamil Nadu, receiving Rs 5,694 crore in 2.26 lakh accounts adopted by Uttar Pradesh’s Rs 5,554 crore to 2.28 lakh accounts.

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