ECLGS 5.0 is meant to cushion MSMEs from the impact of the US-Iran war, but will it really help small businesses, industry questions.

The Union Cabinet has approved Emergency Credit Line Guarantee Scheme 5.0. This scheme will support businesses facing liquidity issues. It ...

The finance ministry is set to direct banks to cap lending rates at 2% above MCLR for microfinance companies under a new credit guarantee s...

The government is set to launch a new Credit Guarantee Scheme for Exporters. This initiative will provide Rs 2,000 crore in funding. It aim...

Minister of State for Finance Pankaj Chaudhary reported in the Lok Sabha that the Emergency Credit Line Guarantee Scheme (ECLGS) has guaran...

According to the Kolkata-headquartered bank, it claimed and received an amount of Rs 917 crore from the National Credit Guarantee Trustee C...

The private sector lender claimed twice from the credit guarantee fund for the micro units (CGFMU). After receiving the first tranche, it h...

Bandhan Bank has clarified that the National Credit Guarantee Trustee Company is conducting an audit of its loan claims under a guarantee s...

At present, lenders need to initiate legal proceedings to avail of the full credit guarantee coverage provided by the NCGTC under the schem...

While announcing the scheme, Sitharaman had said, "A maximum loan of Rs 100 crore will be given with a capped interest rate of 7.95 per cen...

Over 1.10 lakh loans have been extended since the launch of the 'Stand up India' scheme as on January 31, 2021, since its inception and ben...

The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package. "Under ECLG...

The maximum amount of Guaranteed Emergency Credit Line (GECL) funding under the scheme was correspondingly increased from Rs 5 crore to Rs ...

The scheme will be applicable to all loans sanctioned under GECL facility during the period from the date of announcement of the scheme to ...

ECLGS is the biggest fiscal component of the mega Rs 20-lakh crore package announced last month.

The scheme aims at mitigating the economic distress being faced by about 45 lakh MSMEs by providing them additional funding of up to Rs 3 l...

The Stand Up India Scheme will be a refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of R...