Over 13 lakh MSME loan accounts restructured by public sector banks: Rane
The scheme was launched for an emergency credit line of up to Rs 4.5 lakh crore to businesses including micro, small and medium enterprises (MSMEs), and the same is backed by a 100 percent central government guarantee.
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.
In a separate reply, he said since the inception of the Prime Minister's Employment Generation Programme, 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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