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

Over Rs 1 lakh crore worth of loans have been disbursed under the government-backed emergency credit line guarantee scheme (ECLGS) until Tuesday, according to data from the finance ministry.

While public sector banks (PSBs) disbursed loans totaling Rs 56,483 crore, private banks disbursed Rs 45,762 crore taking the total amount to Rs 1.02 lakh crore, said a release on Thursday.

The total amount was disbursed to 23.4 lakh accounts out of which PSBs accounted for 20.3 lakh accounts.

A bank-wise break up showed the top three lenders under the scheme were the State Bank of India (SBI) with a disbursement of Rs 17,095 crore, followed by Punjab National Bank‘s (PNB) Rs 7,197 crore and Canara Bank at Rs 6,556 crore.

In terms of the number of accounts these amounts were disbursed to, SBI made up for 2.99 lakh while PNB and Canara Bank accounted for 1.73 lakh and 3.84 lakh accounts respectively.

The finance ministry also provided a state-wise break up of the data which showed that Maharashtra received the highest amount 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 followed by Uttar Pradesh’s Rs 5,554 crore to 2.28 lakh accounts.