Emergency Credit Line Guarantee Scheme

Loan guarantee to focus on hospitality sector to achieve pre-pandemic level of business

'The hospitality and MSME segments are yet to reach the pre-pandemic level of business,' Finance Minister Nirmala Sitharaman said in her Union Budget speech. 

published on : 2nd February 2022

Kept inflation in check; added schemes for job creation: Finance Minister

Finance minister Nirmala Sitharaman on Tuesday said that we have controlled the inflation better than the previous government and never let it touch the double digit.

published on : 2nd February 2022

Extension of emergency credit guarantee scheme to ensure availability of credit to MSMEs: Experts

The extension of the Emergency Credit Line Guarantee Scheme could help the hospitality and related services, that are yet to regain their pre-pandemic level of business.

published on : 1st February 2022

Loan guarantee scheme saved 13.5 lakh MSMEs, 1.5 crore jobs: SBI

Of the 13.5 lakh MSME accounts that are saved, almost 93.7% are in micro and small category, 48% belong to the micro category and nearly 46% are the small borrowers.

published on : 7th January 2022

Emergency Credit Line Guarantee Scheme saved 13.5 lakh firms, 1.5 crore jobs: Report

The SBI Research report claimed that MSME loan accounts worth Rs 1.8 lakh crore were saved from slipping into NPA during the period.

published on : 6th January 2022

Rs 2.82 lakh crore disbursed under Emergency Credit Line Guarantee Scheme: Centre in Lok Sabha

First tranche yet to be used; 1.5 L cr added to emergency loan guarantee scheme in June

published on : 3rd December 2021

Union Government widens scope of ECLGS, extends scheme deadline till March

Finance Ministry in May expanded the scope of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme by including concessional loans to hospitals for setting up on-site oxygen generation plants.

published on : 29th September 2021

Slump in Industrial loans drags overall credit growth

The share of these industries makes up for 80.5% in the total outstanding credit to industry.

published on : 3rd September 2021