Banks Sanctioned Rs 5,350cr To Cos In West Bengal As Emergency Loans: Official

Kolkata: Banks in West Bengal have sanctioned Rs 5,350 crore of loans till the last week of August to businesses to tide over liquidity woes amid the COVID-19 crisis, an official said on Friday. Public and private sector lenders have sanctioned the loans under the Centre’s Emergency Credit Line Guarantee Scheme (ECLGS). At the national level, the amount stood at around Rs 1.60 lakh crore.

“In West Bengal, the total sum sanctioned is Rs 5,350 crore till August, and the disbursement amount is Rs 3,560 crore,” State-level Bankers’ Committee convener and Punjab National Bank CGM Ashwini Kumar Jha told PTI. He said the loan figure under this category will rise as the Union finance ministry has granted some relaxations in the scheme, allowing more entities to be included under it.