Government Extends Emergency Credit Guarantee Scheme Till End Of 2021-22

Government has decided to extend the duration of the Emergency Credit Line Guarantee Scheme (ECLGS) till March 31, 2022, adhering to demands from several industry bodies and related stakeholders, to ensure support to businesses which have been impacted by the Coronavirus pandemic.

The scheme’s timeline has been extended till the end of the current financial year or till guarantees for an amount of ₹ 4.5 lakh crore are issued under it, whichever happens earlier, a statement issued by the Finance Ministry said.

In addition to this, the last date of disbursement of credit under it has also been extended till June 30, 2022.

News Credit: NDTV.com

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