Cabinet approves of additional fund of up to Rs. 3 lakh crores through 'Emergency Credit Line Guaran

To enable additional funding of up to Rs. three lakh crore to eligible MSMEs and interested MUDRA borrowers by way of “Emergency Credit Line Guarantee Scheme. Under the Scheme, 100% guarantee coverage to be provided by National Credit Guarantee Trustee Company Limited (NCGTC) for additional funding of up to Rs. three lakh crore to eligible MSMEs and interested MUDRA for borrowers, in the form of a Guaranteed Emergency Credit Line (GECL) facility,

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