The finance ministry had recently expanded the scope of the government-backed, collateral-free ₹3 trillion emergency credit line guarantee scheme (ECLGS) for MSMEs
NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday said the government is open to more changes in the recently announced emergency credit linked guarantee scheme for stressed micro, small and medium enterprises (MSMEs).
“The ₹3 Lakh Crore scheme is open for professionals now and the government is open to more tweaking, changes, if required,” the Confederation of Indian Industries (CII) said in tweet quoting Sitharaman.
The finance ministry had recently expanded the scope of the government-backed, collateral-free ₹3 trillion emergency credit line guarantee scheme (ECLGS) for stressed micro, small and medium enterprises (MSMEs). The scheme is now open for professionals. The government is open to making more changes, if required, she said in an interaction with CII. As of August 18, a third of the credit has been disbursed by lenders.
Source: livemint
