SME Times News Bureau | 28 Jun, 2021
The central government, on Monday, enlarged the scope of ECLGS
(Emergency Credit Line Guarantee Scheme) by providing an additional
spending limit of Rs 1.5 lakh crore.
Accordingly, overall cap of
admissible guarantee under the scheme has been raised from Rs 3 lakh
crore announced in May 2020 to Rs 4.5 lakh crore now. The ECGLS was
launched in May 2020 as part of Atmanirbhar Bharat package.
So far in three packages, credit disbursal of Rs 2.69 lakh crore has already been given to 1.1 crore units by banks and NBFCs.
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intensive sectors already covered under the scheme will continue to get
funding. So far Rs 4,000 crore given to these sectors through the
window.
