One crore MSME borrowers given Rs 1.65 lakh cr support under ECLGS
ECLGS was announced as part of the Aatmanirbhar Bharat Package 2020 with an aim to help MSMEs/small businesses meet their operational liabilities and resume businesses in view of the distress caused by the pandemic.
The overall cap of admissible guarantee of ECLGS was raised from Rs 3 lakh crore to Rs 4.5 lakh crore on June 28, 2021.