Tuesday, August 11

‘Direct disbursal of loans to MSMEs’

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The Centre will directly get in touch with MSME units and small businesses interested in availing loans under the Emergency Credit Line Guarantee Scheme under its flagship Atmanirbhar Bharat package. Union minister of state for heavy industries and public enterprises Arjun Ram Meghwal on Tuesday said that despite the state government’s criticisms, small entrepreneurs are now availing such schemes.

“Bengal’s chief minister Mamata Banerjee had criticised the scheme floated for the MSME sector. But we won’t depend on the state government for that. The application can be processed online and the money can be disbursed to the beneficiary’s account,” Meghwal said, while addressing a virtual rally organised by Bengal BJP on Tuesday.

The scheme was announced by the Centre to help around 30 lakh units of MSME and other businesses post lockdown. Under the scheme, enterprises can get up to 20% of their existing borrowing as additional loan at interest rates, which were capped.

According to estimates with the Union finance ministry, loans have been sanctioned for more than 1.5 lakh units in Bengal while nearly 45,000 units have been disbursed the money. Till June 26, the ministry estimated, Rs 1,149 crore has already been disbursed in Bengal out of a sanctioned amount of Rs 2,790 crore.

Source:Times of India

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