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Friday, May 10, 2024

ECLGS

ECLGS Supports Credit Flow in MSME Sector to Bring Financial Stability

The Emergency Credit Linked Guarantee Scheme (ECLGS) scheme announcement made for MSME's. To shield the MSME's from unexpected financial distress and support their operational activities as it is important to note, MSME's play a significant role and contribute majorly into...

What are the key takeaways for MSMEs from Budget 2022-23?

On 1st Feb 2022, finance minister Nirmala Sithraman presented her fourth successive budget. The minister's Union budget 2022 was envisioned to provide a blueprint for economic growth over “Amrit Kal.” The framework aims to set the foundation for driving...

Policies for MSMEs initiated by Government

Expansion and Increase in Capacity of MSMEs The Government of India has announced Fund of Funds with the nomenclature Self Reliant India (SRI) Fund to infuse  Rs. 50,000 crore as equity funding in those MSMEs which have the potential and...

Cabinet approves Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) and to enhance the corpus of Emergency Credit Line Guarantee Scheme (ECLGS)

On account of the disruptions caused by the second wave of COVID 19 specially on healthcare sector, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) enabling...

Punjab inks MoU with GAME to support MSMEs, in partnership with Omidyar Network India

November 3: In another significant step towards ensuring ease of doing business by simplification, digitization and decriminalization of compliances, Government of Punjab has signed a Memorandum of Understanding (MoU) with The Global Alliance for Mass Entrepreneurship (GAME), supported by...

Government extends Emergency Credit Line Guarantee Scheme by one month

Loans of more than Rs. 2 lakh crore sanctioned under ECLGS The Union Government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till November 30th, 2020, or till such time that an amount of Rs. 3...
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Latest News

Electronics Component Manufacturing: Govt’s New PLI Scheme to Reduce Foreign Reliance

The Indian government is taking significant steps towards establishing a self-reliant electronics industry with its new production-linked incentive (PLI)...
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