https://www.taxtmi.com/news?id=26331 Emergency Credit Line Guarantee Scheme (ECLGS) provides government-backed guarantees to support eligible MSMEs and business enterprises, increasing credit flow and easing debt servicing; the scheme has issued widespread guarantees benefitting a large number of borrowers and is credited with preventing a material portion of MSME exposures from becoming non-performing. Complementary measures include revised MSME classification, Udyam registration, inclusion of traders, collateral-free lending initiatives, digital loan portals, invoice-discounting platforms, external benchmark linkage for floating rate loans, and restructuring frameworks to strengthen credit transmission and recovery. en-us Tue, 14 Mar 2023 09:45:14 +0530 Tue, 14 Mar 2023 09:45:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26331 Emergency Credit Line Guarantee Scheme (ECLGS) provides government-backed guarantees to support eligible MSMEs and business enterprises, increasing credit flow and easing debt servicing; the scheme has issued widespread guarantees benefitting a large number of borrowers and is credited with preventing a material portion of MSME exposures from becoming non-performing. Complementary measures include revised MSME classification, Udyam registration, inclusion of traders, collateral-free lending initiatives, digital loan portals, invoice-discounting platforms, external benchmark linkage for floating rate loans, and restructuring frameworks to strengthen credit transmission and recovery. News - Tue, 14 Mar 2023 09:45:14 +0530 https://www.taxtmi.com/news?id=26331