Finance Ministry stimulus package | ECLGS scheme limit raised to ₹4.5 lakh crore
The Hindu
The existing limit for ECLGS scheme, announced as part of ₹20-lakh crore Atmanirbhar Bharat Abiyan package in May 2020, was ₹3 lakh crore
To help revival of the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including ₹1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to ₹4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced ₹1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects.
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