<h1>ECLGS Aids 95% of MSMEs with Collateral-Free Loans, Supporting 117.87 Lakh Businesses Amid COVID-19 Challenges.</h1> Over 95% of Micro, Small, and Medium Enterprises (MSMEs) have benefited from the Emergency Credit Line Guarantee Scheme (ECLGS), which provided 100% guaranteed collateral-free loans to 117.87 lakh businesses as of March 11, 2022. Launched in May 2020 under the Aatmanirbhar Bharat Abhiyaan to aid businesses affected by COVID-19, the scheme offers pre-approved loans without fresh appraisal, capped interest rates, and no additional charges. The government extended ECLGS until March 2023 following a budget announcement. The Reserve Bank of India noted stress in the MSME sector, with increased non-performing assets in 2021.