ECLGS Subject : Government Schemes Context : Federation of Indian Small and Medium Enterprises FISME has now called for ECLGS 3.0 with “inbuilt flexibility” to be made available to more firms to deal with the current crisis. Concept : ECLGS was rolled out as part of the Centre’s Aatmanirbhar package in response to […]

    ECLGS Subject : Government Schemes Context : Finance Ministry widens emergency credit line guarantee scheme scope to SMA-1 loans. Concept : ECLGS was rolled out as part of the Centre’s Aatmanirbhar package in response to the Covid-19 crisis. The objective was to support small businesses struggling to meet their operational liabilities due to […]

Subject :Govt Schemes Context : Government plans to extend the deadline for Emergency Credit Line Guarantee Scheme for MSME’s. Banks have sanctioned 62.52 percent of the targeted Rs. 3 lakh crore under this scheme till now. Concept : ECLGS was rolled out as part of the Centre’s Aatmanirbhar package in response to the Covid-19 crisis. […]