The National Institute of Bank Management (NIBM), Pune, undertook a study to assess the impact of Emergency Credit Line Guarantee Scheme (ECLGS).
ECLGS, which was announced as part of the Atmanirbhar Bharat package aims to mitigate the adverse impact of the Covid-19 crisis on MSMEs and other Business Enterprises, with a 3 lakh Cr. Corpus. It is 100 percent loan guaranteed scheme under National Credit Guarantee Trustee Corporation (NCGTC).
The results of the study were recently shared by the Office of Smt Nirmala Sitharaman, the Union Finance Minister on twitter. They were also published in major daily newspapers.