ECLGS 5.0 disburses ₹1 lakh crore credit to MSMEs
after close1 source ↓written by the desknot a recommendation
- in credit
- ₹1 lakh crore
- backed
- ₹2 lakh crore
- backed
- 100% government guarantee
Micro, Small, and Medium Enterprises (MSMEs) in India have accessed ₹1 lakh crore in credit through the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Launched in May, this initiative aims to support businesses amid economic challenges, with a total allocation of ₹2 lakh crore backed by a 100% government guarantee. This funding is crucial for maintaining liquidity and stability in the MSME sector during global market volatility.
Not investment advice. For informational purposes only.