GS Paper 2: Topics Covered: Schemes for the vulnerable sections of the society. Context: According to the SBI Research report on ECLGS: The scheme has saved 13.5 lakh firms from going bankrupt and consequently 1.5 crore jobs. In absolute terms, MSME loan accounts worth Rs 1.8 lakh crore were saved. Almost 93.7 per cent …
Continue reading “Emergency Credit Line Guarantee Scheme (ECLGS):”
Topics Covered: Schemes for the vulnerable sections of the society. Emergency Credit Line Guarantee Scheme (ECLGS): Context: The government has extended the ₹3-lakh-crore emergency credit line guarantee scheme by another three months till June 30 and also widened its scope to new sectors, including hospitality, travel and tourism. Details: ECLGS 3.0 would involve extending credit …
Continue reading “Emergency Credit Line Guarantee Scheme (ECLGS)”
Topics Covered: Schemes for the vulnerable sections of the society. Emergency Credit Line Guarantee Scheme (ECLGS) What to study? For Prelims and Mains: Key features and significance of the scheme. Context: The Union Cabinet has given its approval for the Emergency Credit Line Guarantee Scheme (ECLGS) for MSMEs and MUDRA borrowers. Key features: Under the …
Continue reading “Emergency Credit Line Guarantee Scheme (ECLGS)”
