Economy Government to expand scope of Rs 3 lakh crore MSME Credit Scheme Updated : August 03, 2020 01:52 PM IST Banking sources had indicated that over 80 percent of MSME entrepreneurs end up taking business loans in their individual capacity, and are not registered as MSMEs. The union cabinet had approved ECLGS on May 20, with a corpus of Rs 41,600 crore to help the small entrepreneurs impacted by the pandemic. As of July 29, lenders had sanctioned Rs 1,36,155 crore under the scheme, out of which Rs 87,227 crore or about 64 percent had been disbursed. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.