Public Sector Banks sanctioned Rs 24,260 cr loan to MSMEs for 'self-reliant' campaign: JP Nadda

NEW DELHI: BJP president JP Nadda said on Saturday that

public sector banks

(PSB) have sanctioned loans worth Rs 24,260 crore to 5.46 lakh

MSMEs

under 100 per cent Emergency Credit Line Guarantee Scheme within 14 days of the launch of the "Aatmanirbhar Bharat" campaign.

"Within just 14 days since the Aatmanirbhar

Bharat Abhiyan

was announced, PSBs have already sanctioned loans worth Rs 24,260 crore to about 5.46 lakh MSMEs under 100 per cent ECLGS.

"I thank PM Narendra Modi and FM Nirmala Sitharaman for taking these bold and effective measures," he tweeted.

The central government has launched the campaign to make India "self-reliant".