Lessons from giving more credit to MSMEs, in charts

Easy and timely credit can make a world of difference to micro and small enterprises. The Centre’s Emergency Credit Line Guarantee Scheme (ECLGS) further drives home this point. Launched in March 2020 to extend additional loans to small enterprises in the wake of the covid-19 pandemic, the ECLGS has enabled lenders to give additional credit of₹2.36 trillion as of February 2022. This has helped these enterprises restart operations and repay vendors while battling to improve their credit profiles

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