Economic TimesLean R·
ECLGS 5.0 crosses 4.11 lakh guarantees
The government's Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has issued more than 4.11 lakh guarantees worth over Rs 1.55 lakh crore to businesses impacted by the West Asia geopolitical crisis, with micro, small and medium enterprises (MSMEs) accounting for the overwhelming majority of beneficiaries.According to the Finance Ministry, the scheme has witnessed rapid adoption across the banking and lending ecosystem since its launch, with MSMEs receiving 98 per cent of the total guarantees …
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