Tag: MSME credit support India

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Emergency Credit Line Guarantee Scheme (ECLGS) 5.0

Prelims Source: PMISubject: Government Scheme Context: The Union Cabinet approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 to provide urgent liquidity support to businesses. The scheme aims to facilitate an additional credit flow of ₹2,55,000 crore to help MSMEs and the airline sector tide over financial instabilities. Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 …

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Small Industries Development Bank of India (SIDBI)

Source:  TOI Subject:  Economy Context: The Union Cabinet chaired by Prime Minister of India approved an equity infusion of ₹5,000 crore into Small Industries Development Bank of India (SIDBI). About Small Industries Development Bank of India (SIDBI): What it is? SIDBI is the principal financial institution for promotion, financing, and development of the MSME sector …

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