Miscellaneous

A STUDY ON THE IMPACT OF ECLGS for NATIONAL CREDIT GUARANTEE TRUSTEE COMPANY (NCGTC) by NIBM, Pune

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).

An amount of Rs. 1.58 lakh crore has been sanctioned as on 31.8.2020 under ECLGS, out of which more than Rs. 1.11 lakh crore has also been disbursed

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.

Originally tweeted by NSitharamanOffice (@nsitharamanoffc) on September 30, 2020.

Article in Financial Express

https://www.financialexpress.com/industry/sme/msme-fin-eclgs-micro-firms-get-maximum-loans-from-banks-under-credit-guarantee-scheme-medium-firms-bypassed/2095218/

Article in Economic Times

https://bfsi.economictimes.indiatimes.com/news/banking/micro-enterprises-were-largest-beneficiaries-of-eclgs-study/78428397

Link to the full Report

https://www.eclgs.com/documents/ECLGS%20-%20Impact_Assessment_Report_dated_August%2026,%202020.pdf

3 comments on “A STUDY ON THE IMPACT OF ECLGS for NATIONAL CREDIT GUARANTEE TRUSTEE COMPANY (NCGTC) by NIBM, Pune

  1. A moment of pride for us. Thank you for sharing Mr. Srijan.

    Like

  2. Akshayata Chourey

    This is very informative, Srijan. Thank you for sharing it. Also, it’s an honour and proud moment for all of us!

    Like

  3. Ankur Vyas

    A proud moment and another step of NIBM towards excellence. Thanks to Srijan for sharing this.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: