Credit guarantee scheme: Banks sanctions Rs 1.86 lakh crore to 50 lakh MSMEs

October 2, 2020

The Finance Ministry on Thursday said banks have sanctioned loans of about Rs 1.86 lakh crore to 50 lakh business units under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, impacted by slowdown due to the coronavirus pandemic. Over 27 lakh MSME units have received about Rs 1,32,246 crore till September 29. The scheme is the biggest fiscal component of the Rs 20-lakh crore…

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Government has an advisory on how not to fall for e-SIM registration frauds

October 2, 2020

Cyber criminals are finding new ways to steal money from citizens. According to a latest tweet by Cyber Dost, safety and cyber security awareness handle maintained by the Ministry of Home Affairs, fraudsters are making bogus calls on the pretext of registration for e-SIM. Pretending to aid in the registration process, these scamsters obtain bank details and personal information from the users. The information is then used by the scamsters…

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