- Times of India
Emergency credit guarantee scheme saved 13.5 lakh MSME units, 1.5 crore jobs: Report
NEW DELHI: The Emergency Credit Line Guarantee Scheme (ECLGS)helped save almost 13.5 lakh units and 1.5 crore jobs in the micro, small and medium enterprise (MSME) sector, a report by State Bank of India (SBI) economists showed on Thursday.
The scheme was launched by the Centre in May 2020 as an aid to the MSME sector in wake of the Covid-19 pandemic.
It was one of the biggest components of the Rs 20 lakh crore Atmanirbhar Bharat package announced by the government.