Finance Minister Nirmala Sitharaman took stock of progress made under various schemes under the three Aatmanirbhar Bharat Packages (ANBP) to assist revive economy hit hard by the outbreak of COVID-19 pandemic.
Following announcement by the Prime Minister, Sitharaman presented the small print of the Rs 20.97 lakh crore ANBP 1.0 during a series of press conferences from May 13-17. it had been followed by AatmaNirbhar Bharat Package 2.0 on Columbus Day and therefore the third tranche on November 12.
Sitharaman on Friday concluded a comprehensive review of ANBP with the Secretaries of varied Ministries and Departments concerned over three days, the Finance Ministry statement said on Sunday.
Sharing details of the progress made by various schemes under the ANBP, the statement said, banks have sanctioned loans worth Rs 2,05,563 crore to about 81 lakh accounts under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector that was impacted by disruptions caused thanks to the coronavirus pandemic.
While 40 lakh MSME accounts have received Rs 1,58,626 crore till December 4, Rs 3 lakh crore collateral-free guaranteed loans budgetary provision of Rs 4,000 crore made for the Scheme in First Supplementary Demand for Grants for FY 2020-21.
Announcing Aatmanirbhar Bharat Package 3.0 last month, the minister of finance had said that Rs 2.05 lakh crore sanctioned and Rs 1.52 lakh crore disbursed under ECLGS 1.0.
As a part of the Aatmanirbhar Bharat Abhiyan 3.0 (announced on November 12), ECLGS Scheme has been extended through ECLGS 2.0 for the 26 stress sectors and health care sector with credit outstanding of above Rs 50 crore and up to Rs 500 crore as on leap day , 2020.
Under ECLGS 2.0, entities with outstanding credit above Rs 50 crore and not exceeding Rs 500 crore as on leap day , 2020, which were but or adequate to 30 days overdue as on leap day , 2020 are eligible, the ministry said.
The loans provided under ECLGS 2.0 will have a five-year tenor, with a 12-month moratorium on repayment of principal.
The entire scheme (ECLGS 1.0 and ECLGS 2.0) valid till March 31, 2021, it said.
