<h1>ECLGS Supports MSMEs with Rs 3.61 Lakh Crore Guarantees, Aids 1.19 Crore Borrowers, Boosting Credit Growth by 30.6.</h1> The Emergency Credit Line Guarantee Scheme (ECLGS), launched in May 2020 to support Micro, Small, and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic, has issued guarantees totaling Rs 3.61 lakh crore, benefiting 1.19 crore borrowers as of January 31, 2023. The scheme has significantly aided MSMEs, with 95.18% of loans guaranteed for this sector, amounting to Rs 2.39 lakh crore. The ECLGS has prevented around 12% of MSME credit from becoming non-performing assets. Credit growth in the MSME sector has exceeded 30.6% during 2022, supported by various government measures to enhance credit flow and improve business credit health.