Financial ExpressJan 12, 2022ECLGS: Why Modi govt’s ambitious Rs 3 lakh cr credit scheme hasn’t grabbed MSMEs’ attention it ...Credit and Finance for MSMEs: According to a recent survey by NCGTC involving 1,857 respondents from MSMEs, ECLGS would help sustain needs only for up to three months for 59 per cent of them. The revised version may help banks sanction the entire Rs 3 lakh crore amount by March 31, 2021.Credit and Finance for MSMEs: The Modi government’s ambitious Rs 3 lakh crore emergency credit line guarantee scheme (ECLGS) launched in May this year as part of the Atmanirbhar Bharat package hasn’t quite hit the bullseye.The perspective attached to rolling out the mega credit guarantee scheme, which had the lion’s share of the overall Rs 3.7 lakh crore MSME support package, was to essentially help lockdown-battered MSMEs get back on their feet.Read more at Financial Express
Credit and Finance for MSMEs: According to a recent survey by NCGTC involving 1,857 respondents from MSMEs, ECLGS would help sustain needs only for up to three months for 59 per cent of them. The revised version may help banks sanction the entire Rs 3 lakh crore amount by March 31, 2021.Credit and Finance for MSMEs: The Modi government’s ambitious Rs 3 lakh crore emergency credit line guarantee scheme (ECLGS) launched in May this year as part of the Atmanirbhar Bharat package hasn’t quite hit the bullseye.The perspective attached to rolling out the mega credit guarantee scheme, which had the lion’s share of the overall Rs 3.7 lakh crore MSME support package, was to essentially help lockdown-battered MSMEs get back on their feet.Read more at Financial Express
