Current Affairs Questions » 2020 December » Dec 14

Q
The Finance Ministry informed that banks have sanctioned loans worth ₹_______ crore to to MSMEs
 
A) ₹2,05,562 crore
B) ₹2,05,560 crore
C) ₹2,05,563 crore
D) ₹2,05,565 crore
Explanation:

The Finance Ministry informed that banks have sanctioned loans worth ₹2,05,563 crore to about 81 lakh accounts under the ₹3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector.

40 lakh MSME accounts have received ₹1,58,626 crore till Dec 4, 2020.

The loans provided under ECLGS 2.0 will have a five-year tenor, with a 12-month moratorium on repayment of principal.

 
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