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22/07/2021 03:37pm

13 lakh MSME loan accounts restructured by public sector banks: Narayan Rane

image 13 lakh MSME loan accounts restructured by public sector banks: Narayan Rane

New Delhi, Jul 22 (KNN) Union Minister for Micro, Small and Medium Enterprises (MSMEs) Narayan Rane on Thursday informed the parliament that as many as 13.06 lakh MSME loan accounts with an aggregate amount of Rs 55,333 crore have been restructured by public sector banks till June 25.

''Till June 25 this year, 13.06 lakh MSME loan accounts with an aggregate amount of Rs 55,333 crore have been restructured by public sector banks," he said in a written reply to the Lok Sabha.

The minister also said that till July 2, Rs 2.73 lakh crore have been sanctioned under the Emergency Credit Line Guarantee Scheme (ECLGS).

The scheme was launched for an emergency credit line of up to Rs 4.5 lakh crore to businesses including MSMEs and the same is backed by 100 per cent central government guarantee.

In an another reply, Rane informed that since the inception of the Prime Minister's Employment Generation Programme (PMEGP), till July 9, 6,97,612 units have been set up (including those by farmers) with MM (margin money) subsidy of Rs 16,688.17 crore.

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  1. yerram
    yerram 23/07/2021 7:22 AM

    Out of 13 lakh enterprises restructured, data on the following would be helpful: 1. How many are from micro and small manufacturing? 2. Whether mere change in terms and conditions is viewed as restructuring or whether restructuring has been done after the viability study has been done? 3. Whether it is one time restructuring or second time restructuring allowed? 4. Whether it is restructured by just postponement of installments by a year or whether it has been done in accordance with the future cash flows of the enterprises restructured? 5. How many have been restructured within Branch Manager's discretion?

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