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Economy and Finance

Economy and Finance

ECLGS prevented ₹2.2 trillion MSME loans from turning into bad loans: SBI report

24 Jan 2023 Zinkpot 149

Financial Express - The Emergency Credit Line Guarantee Scheme (ECLGS), launched in the wake of the pandemic in May 2020, has prevented loans of Rs 2.2 trillion to micro, small and medium enterprises (MSMEs), or 12% of the outstanding credit to these units, from slipping into non-performing assets (NPAs), according to a research report by State Bank of India (SBI). Read more
 

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