Sum of Rs 3.68 lakh crore guaranteed under ECLGS

Minister of State for Finance Pankaj Chaudhary reported in the Lok Sabha that the Emergency Credit Line Guarantee Scheme (ECLGS) has guaranteed 1.19 crore loans worth ₹3.68 lakh crore. This includes support for approximately 2.70 lakh medium enter...

By ET Bureau | Updated: Dec 03, 2024, 12.26 AM IST

Minister of state for finance Pankaj Chaudhary informed the Lok Sabha that according to National Credit Guarantee Trustee Company Limited (NCGTC), the operating agency of the Emergency Credit Line Guarantee Scheme (ECLGS), a total of 1.19 crore loans amounting to ₹3.68 lakh crore were guaranteed, of which around 2.70 lakh medium enterprises were supported through guarantees amounting to ₹64,561 crore.

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