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 September 29, 2021

Govt extends emergency credit scheme for MSMEs till 31 March, 2022

In order to support Covid-hit MSMEs further, Centre on Wednesday announced an extension of its Emergency Credit Line Guarantee Scheme (ECLGS) till 31 March, 2022, or till guarantees for an amount of 4.5 lakh crore are issued under the scheme, whichever is earlier.

The Ministry of Finance also announced that the date of disbursement under the scheme has also been extended to 30 June, 2022.

‘Government has been receiving demands from various Industry bodies and other stakeholders to extend the scheme to ensure continued support to eligible sectors/businesses,” the ministry said in a statement.

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