Company Ltd( NCGTC) on Friday issued operational guidelines for the Rs 50, 000-crore credit guarantee

Emergency Credit Line Guarantee Scheme( ECLGS) launched by the government in 2020 to provide relief to MSMEs impacted by COVID-19 pandemic has saved 13.5 lakh firms from going bankrupt and consequently 1.5 crore jobs, claimed a report. The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May 2020, to mitigate the distress caused by the COVID-19-induced lockdown by providing credit to different s

M Nagaraju, Secretary of the Department of Financial Services( DFS) under the Ministry of Finance, reviewed the progress of financial inclusion schemes with heads of public sector banks( PSBs) and senior executives from private sector banks on Wednesday.... The review meeting also included virtual participation by senior executives from the Small Industries Development Bank of India( SIDBI), Mudra Ltd, Indian Banking Association( IBA), and National Credit Guarantee Trustee Company Limited( NCGT