State Bank of India (SBI) has sanctioned loans to over 4 lakh accounts under the Rs 3 trillion Emergency Credit Line Guarantee Scheme (ECLGS) for MSME sector, hit hard by the coronavirus-induced lockdown. SME products were highlighted to the customers to increase awareness and enable them to choose the right product for their business.
At the national level, the bank has sanctioned loans to over 4 lakh customers under guaranteed emergency credit line (GECL) facility so far.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
