Banks sanction additional Rs 15,571 cr to MSMEs under ECLGS 2.0
Banks have sanctioned an additional Rs 15,571 crore under the Emergency Credit Line Guarantee Scheme (ECLGS) to MSMEs that were impacted by the coronavirus pandemic, the finance ministry said on Wednesday
In a tweet, the ministry said the government announced ECLGS 1.0 to provide financial support to MSMEs and ECLGS 2.0 to guarantee credit support for stressed sectors. Source:Reuters