MSME Certified Units can apply for Business loans from SBI, HDFC bank, ICICI Bank and Others

Because of the economic distress caused by the COVID-19 pandemic, the Finance Ministry unveiled an Rs. 20 Lakh Crore comprehensive package, known as the Emergency Credit Line Guarantee Scheme (ECLGS). This package is in aid of the Micro, Small and Medium Enterprises (MSMEs) sector, addressing working capital needs, operational liabilities, and restart business impacted due to the COVID-19 crisis.

This scheme is available up to March 31, 2021, or on reaching the threshold stipulated by the Government of India under the Emergency Credit Line Guarantee Scheme (ECLGS). The working capital term loan (WCTL) comes with a tenure of 48 months, with a principal moratorium for the first 12 months.

The government had announced a Rs 3 lakh crore emergency credit line guarantee scheme (ECLGS) for MSME under the “Aatmanirbhar Bharat Abhiyan” package to mitigate the stress caused by the lockdown this scheme valid till October including Collateral free loans, additional debt, and equity infusion.

Finance minister of India Nirmala Sitharaman's office tweeted that the public sector banks (PSBs) have sanctioned loans worth 3200 crores on June 1, 2020. The loans available by non-banking financial companies (NBFCs) as part of the government initiative are not required to pay any guarantee and no collateral is required. The tenure has been fixed at four years, with a moratorium of 12 months on the principal payment.

All scheduled commercial banks that are public/private sector banks and RRbs/NSIC/SIDBI/NETFI are the member lending institutions. (MLI) The list of banks offering loans is mentioned below;

List of Bank’s MSME Care Centers

1. Allahabad Bank
2. Bank of Baroda
3. O.B.C.
4. Andhra Bank
5. State Bank of Bikaner & Jaipur
6. State Bank of Hyderabad
7. Bank of India
8. Bank of Maharashtra
9. State Bank of Travancore
10. Canara Bank
11. Dena Bank
12. Indian Bank
13. I.O.B.
14. Punjab & Sind Bank
15. P.N.B.
16. Syndicate Bank
17. UCO Bank
18. Union Bank of India
19. United Bank of India
20. Vijaya Bank
21. State Bank of Mysore
22. Corporation Bank
23. I.D.B.I.
24. State Bank of Patiala
25. State Bank of India
26. Central Bank of India
27. State Bank of Indore

Links of State Level Bankers’ Committees contact address

1. SLBC Rajasthan
2. SLBC Bihar
3. SLBC U.P.
4. SLBC Orissa
5. SLBC Andhra Pradesh
6. SLBC J&K
7. SLBC Gujarat
8. SLBC West Bengal
9. SLBC Kerala
10. SLBC Jharkhand
11. SLBC Himachal Pradesh


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