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The Economic Times

Economy / The Economic Times

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Private, govt banks pledge full support to ECLGS 5.0

Banks are fully supporting the new Emergency Credit Line Guarantee Scheme 5.0. This scheme aims to help businesses facing challenges due to the West Asia conflict. Government officials highlighted its importance for MSMEs in Maharashtra. The scheme provides working capital support. A digital portal simplifies loan applications. This initiative will accelerate credit delivery to eligible businesses.

20 May 2026 8:40 pm