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Credit guarantee of Rs 13 lakh cr to micro, small cos in last few yrs; delayed payments under lens
The government has provided substantial credit guarantees, totaling Rs 13 lakh crore, to micro and small enterprises, significantly boosting credit inflow to the sector. Recognizing delayed payments as a persistent issue, officials are now actively monitoring payments exceeding the 45-day limit to protect MSMEs. Despite global crises, Indian enterprises have shown remarkable resilience, supported by schemes like ECLGS.
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thehindu.com
Centre extends credit support to businesses under ECLGS 5.0
The Centre offers ₹1,280 crore in credit support to businesses affected by the West Asia crisis under ECLGS 5.0.
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economictimes.indiatimes.com
Credit guarantee of Rs 13 lakh cr to micro, small cos in last few yrs; delayed payments under lens
The government has provided substantial credit guarantees, totaling Rs 13 lakh crore, to micro and small enterprises, significantly boosting credit inflow to the sector. …
