Now, Govt Expands Credit Scheme To Individuals
Mail Today|August 02, 2020
Now, Govt Expands Credit Scheme To Individuals
In a pragmatic mid-scheme assessment and switch, the government has expanded the eligibility criteria for the Emergency Credit Line Guarantee Scheme beyond the MSMEs to include “individuals who have loans for business purpose”.
Rahul Shrivastava

The emergency credit line guarantee scheme worth Rs 3 lakh crore was launched as part of Atmanirbhar Bharat Mission by Union Finance Minister Nirmala Sitaraman after a Cabinet clearance on May 20 to provide credit relief to MSMEs facing immense hardships due to Covid-19 driven lockdowns. The National Credit Guarantee Trustee Company Ltd (NCGTC) runs the ECLGS in which the government provides full loan guarantee to the incremental loans given to borrowers.

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August 02, 2020