Centre extends credit support to businesses under ECLGS 5.0

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The Indian government has extended ₹1,280 crore in credit support to MSMEs and other enterprises impacted by the West Asia crisis through banks and financial institutions under the ECLGS 5.0 scheme, as announced by MSME Minister Kondapalli Srinivas.

Under the scheme, a sum of ₹1,280 crore is provided to enterprises, including MSMEs, affected by the West Asia crisis through banks and financial institutions with government-backed credit guarantees, says MSME Minister Kondapalli Srinivas