ECLGS: Finance Ministry increases loan limit to Rs 1,500 cr for aviation sectorRecognising that an efficient and strong civil aviation sector is vital for the economic development of the country, the Department of Fina...
05 Oct, 2022, 06.52 PM IST
Cabinet approves enhancement in ECLGS corpus, hospitality sector to get boostThe Union Cabinet on Wednesday approved the enhancement in the limit of the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 50,000 cro...
17 Aug, 2022, 06.17 PM IST
RBI Monetary Policy: ECLGS pushed credit growth to micro and small businesses to 20%“Growth in credit to industry recovered to 6.5% in February 2022 from a low of 1.0% a year ago, aided by higher flows to MSMEs and a turnar...
08 Apr, 2022, 12.48 PM IST
Weak SMEs may add stress to ECLGS bookAccording to a State Bank of India report, the ECLGS scheme has prevented 1.35 million MSME accounts from going under and stopped 14% of ou...
04 Mar, 2022, 06.22 AM IST
FM holds meeting with hospitality, tourism sectors; discusses credit-related issuesIt is to be noted that Budget 2022-23 had proposed to open an additional Rs 50,000 crore window under the Emergency Credit Line Guarantee S...
25 Feb, 2022, 01.28 PM IST
Banks sanction loans worth Rs 3.1 lakh cr to MSMEs under ECLGS: SitharamanWith regard to employment, she said, urban unemployment has declined to pre-pandemic levels due to various efforts of the government.
11 Feb, 2022, 10.23 AM IST
Budget proposals to push exports, manufacturing: ExportersThe Trade Promotion Council of India (TPCI) said that the focus of Union Budget 2022-23 on reforming the rural economy, digitalisation and ...
02 Feb, 2022, 04.32 PM IST
ECLGS extension a plus in Budget, but interest subvention, lack of opportunity in PLI are big missesThe sector is happy that the government is giving some priority to MSMEs, but also rue the fact that there are no specific measures for sma...
02 Feb, 2022, 03.12 PM IST
View: Continuity with Atmanirbharta, Digital India a reaffirmation of govt's commitment to inclusive growth and planningThis year's budget reaffirms the government's commitment towards inclusive growth with a multipronged plan for world-class physical and dig...
02 Feb, 2022, 02.08 AM IST
Budget 2022-23: Budgetary allocation rises for MSMEs but some key schemes see a cutA significant takeaway of the FM’s Budget speech was that she extended the Emergency Credit Line Guarantee Scheme (ECLGS) to March 2023.
01 Feb, 2022, 07.28 PM IST
Budget 2022-23: ECLGS extended to March 2023, total cover up to Rs 5L croreThe Emergency Credit Line Guarantee Scheme (ECLGS) was announced to help MSMEs cope up with pandemic losses and was extended up to March 31...
01 Feb, 2022, 04.40 PM IST
Infra investments across construction a boost for country’s lending sectorThe budget allocated Rs 48,000 crore to build 80 lakh houses under the PM Awas Yojana (PMAY). This augurs well for affordable housing finan...
01 Feb, 2022, 03.34 PM IST
FM announces extension of ECLGS by another yearFinance Minister Nirmala Sitharaman on Tuesday announced the extension of the emergency credit line guarantee scheme (ECLGS) by another yea...
01 Feb, 2022, 03.09 PM IST
MSMEs hope for new policies, reshuffle in the fund distribution in the budgetThe unemployment rate and economic growth will be adversely affected if the government fails to provide adequate support to the sector as i...
29 Jan, 2022, 11.09 AM IST
Budget 2022 needs to treat India’s ubiquitous micro enterprises separatelyAlmost 99% of the MSMEs in the country are micro enterprises. But the government's policies do not always give them the required support.
28 Jan, 2022, 12.44 PM IST
Travel agents body TAAI seeks 'One India One Tourism' approach in BudgetAccording to the travel agents body, concrete steps should be taken to improve cash flows and reduce the working capital burden on startups...
22 Jan, 2022, 05.36 PM IST
Govt weighs extension of emergency credit schemeThe scheme was launched after the national lockdown during the first Covid wave to provide support to MSMEs and has since been expanded to ...
20 Jan, 2022, 07.17 AM IST