New Delhi, May 6 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 will help preserve industrial continuity, jobs and strengthen liquidity access for businesses, particularly micro, small and medium enterprises (MSMEs), industry chambers said on Wednesday.Rajeev Juneja, President, PHDCCI, welcomed the scheme as a timely initiative to address pressures from the ongoing West Asia crisis.”ECLGS is designed to address temporary liquidity shortages faced by industries during periods of ec…
Latest Emergency Credit Line Guarantee Scheme News & Updates
New Delhi, May 5 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the launch of the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, aimed at providing crucial financial support to businesses impacted by the ongoing West Asia crisis.Under the new phase of the scheme, the government will extend enhanced credit guarantee coverage through the National Credit Guarantee Trustee Company Limited (NCGTC).The scheme offers 100 per cent guarantee coverage for micro…
New Delhi, April 5 (IANS) Apex business chamber CII on Sunday sought more fiscal and monetary policy concessions from the government and the RBI to tide over the global uncertainty triggered by the West Asia conflict, even as it lauded “the series of timely, well calibrated and coordinated measures” that have already been taken in this regard.CII director general Chandrajit Banerjee said, “the Government and the RBI have responded with speed, clarity and coordination. The early measures ha…
New Delhi, March 12 (IANS) About 7.83 crore Micro Small and Medium Enterprises (MSMEs) have registered on the Udyam Registration portal since 2020, while 1.37 lakh MSMEs have shut down in the same period, constituting just 0.17 per cent of MSMEs which have been closed, the Parliament was informed on Thursday.As recorded by 7.83 crore MSMEs registered on Udyam Registration Portal, total employment (as on February 28, 2026) is 34.50 crore, Union MSME Minister Jitin Ram Manjhi replied to a question…