The Economic Times

ECLGS 5.0 crosses 4.11 lakh guarantees, extends Rs 1.55 lakh crore support to firms hit by West Asia crisis

The Emergency Credit Line Guarantee Scheme 5.0 has issued over 4.11 lakh guarantees. These guarantees amount to more than Rs 1.55 lakh crore for affected businesses. Micro, small, and medium enterprises received the vast majority of these guarantees. The scheme aims to provide additional liquidity support to eligible borrowers. This initiative helps businesses manage disruptions from the West Asia crisis.