MSME CREDIT GUARANTEE SCHEME

The central government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) worth ₹4.5 lakh crore relief scheme till March 2022. This move will help the small and micro-enterprises gain momentum and overcome the setback caused by the lockdowns during the Covid-19 pandemic. The scheme was earlier due to expire in September 2021. The NCGT Company Limited is yet to update the revised coverage norms of the scheme.