➡️ Emergency Credit Line Guarantee Scheme (
#ECLGS) 5.0 achieves a major milestone, Guarantee issuance crosses 1 Lakh Mark, with total amount of guarantees more than ₹48,000 Crore
➡️ 96% of the guarantees issued by number and 86% of the total guaranteed amount belong to the
#MSME sector; Public Sector Banks account for 96% of guarantees
➡️ By providing 100% and 90% guarantee coverage to MSME and non-MSME sectors respectively, it has encouraged financial institutions to extend credit aggressively, ensuring that liquidity flows to the sectors that need it most
➡️ The scheme aims to infuse additional credit of ₹ 2,55,000 crore to existing borrower to tide over the liquidity challenges arising due to
#WestAsia crisis
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pib.gov.in/PressReleasePage.…
@FinMinIndia