ECGLS helps push MSME loan growth as of end Sept: Report

The emergency credit line guarantee scheme (ECGLS) has helped in the credit growth for small businesses, aiding an index of growth in loans for the crucial sector ending a notch higher at the end of the September quarter. However, because of the special asset quality recognition dispensations like the moratoriums, recast and then the Supreme Court decided standstill, the 'strength index' for the MSMEs (micro, small and medium enterprises) will get clearer in the next few months, Transunion CIBIL and Sidbi, who prepare the index, said.