The Economic Times

Credit guarantee of Rs 13 lakh cr to micro, small cos in last few yrs; delayed payments under lens

The government has provided substantial credit guarantees, totaling Rs 13 lakh crore, to micro and small enterprises, significantly boosting credit inflow to the sector. Recognizing delayed payments as a persistent issue, officials are now actively monitoring payments exceeding the 45-day limit to protect MSMEs. Despite global crises, Indian enterprises have shown remarkable resilience, supported by schemes like ECLGS.