TaxTMI 
TaxTMI 
Performance of Emergency Credit Line Guarantee Scheme for MSME
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....erformance of Emergency Credit Line Guarantee Scheme for MSME <br>News and Press Release<br>Dated:- 16-3-2021<br><BR>As informed by National Credit Guarantee Trustee Company Limited (NCGTC), the imple....
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....menting agency for Emergency Credit Line Guarantee Scheme (ECLGS), as on 28.2.2021, cumulative sanction of loans stood at ₹ 2.46 lakh crore against which guarantees for a total amount of ₹....
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.... 2.14 lakh crore to more than 92.27 lakh borrowers have been issued under ECLGS. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written rep....
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....ly to a question in Rajya Sabha today. The Minister further stated that about 87 lakh MSME units have availed guarantees which constitutes 95% in terms of number of guarantees issued. Giving more de....
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....tails, the Minister said that there is a pre-approved loan facility with an 'opt out' option to all eligible borrowers under ECLGS 1.0. As informed by NCGTC, following steps have been taken: (i) A p....
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....ortal has been created on the website for the borrowers to lodge their grievances, which is forwarded to MLIs concerned for time bound resolution. (ii) Email Id for forwarding of grievances / compla....
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....ints has also been created and circulated, which is being regularly monitored at NCGTC for resolution. (iii) Meeting with various stakeholders are being conducted regularly to maximise the reach of ....
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....the scheme.<BR> News - Press release - PIB....