"Cooperative banks that are not included as a member lending institutions under the Emergency Credit Line Guarantee Scheme (ECLGS) will be included as lenders for MSMEs, under a scheme being discussed in consultation with the RBI," a FICCI statement quoted Gadkari as saying.
'The package would go a long way in bringing the economy of industrial sector back on track.'
The public sector banks have sanctioned loans worth Rs 32,049.86 crore under the 100 per cent ECLGS, out of which Rs 16,031.39 crore has already been disbursed till June 12.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.
