Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, Mumbai, 7th May, 2026: State Bank of India may extend loans worth up to ₹80,000 crore under the government’s Emergency Credit Line Guarantee Scheme 5.0 (ECLGS 5.0), Chairman C S Setty said on Thursday.
“Eligible customer base is known to us, because now the guidelines have come on who's eligible, who's not eligible. The number ranges from ₹70,000-80,000 crore worth of credit facility is available to our customers under the ECLGS scheme,” Setty told reporters.
The Union Cabinet on Tuesday approved ECLGS 5.0 with an overall outlay of ₹2.55 lakh crore to provide additional working capital support to businesses affected by the ongoing geopolitical tensions in West Asia.