Bhubaneswar: The Central government has claimed that the banks have disbursed Rs 1,462 crore to the MSMEs in Odisha under Emergency Credit Line Guarantee (ECLG) scheme during this pandemic.
In a webinar, Wednesday, DG of PIB India Rajesh Malhotra said, “As on August 3, 2020, under 100 per cent ECLG scheme, PSBs have sanctioned Rs 2,105 crore of which Rs1,462 crore has been disbursed to MSMEs in Odisha.”
Malhotra mentioned that public and private sector banks have sanctioned Rs1,37,586 crore under ECLG scheme to MSMEs across the country. In total, public and private banks have disbursed around Rs92,000 crore, out of which Rs50,000 crore is dispatched to MSMEs by public sector banks across the country.
In other hand, director in-charge of MSME development Institute, SK Sahoo, claimed that financial institutions are not pro active in disbursing loans under the scheme. “About 1.50 lakh MSME accounts have been sanctioned for the loan but only 71,031 accounts have been disbursed loans in Odisha. The disbursement rate is only 47.28 per cent in the state while in the country it is 57.12 per cent,” Sahoo said. He urged for a speedy disbursement.
MSME-DI has taken the matter to the SLBC and RBI so that the process of loan disbursements can go fast.
In this regard, the state government is inspecting and consulting with the banks to be active in lending loans under the ‘Atmanirbhar’ scheme. Additional director of state industries department Saroj Kumar Hota said, “We are talking with all bank GMs. We have also asked the entrepreneurs that they can talk to the respective Collectors if they face difficulty in getting loans under the scheme.” Industries department stated that MSMEs have Rs80 crore dues pending with different state PSUs and central PSUs.