 "msme, textile, company, investment, jobs, workers, staff, employee, labour, tax")
The Union Cabinet on Wednesday approved additional funding of up to Rs 3 trillion at a concessional rate of 9.25 per cent through the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector hit hard by the coronavirus crisis.
The ECLGS was the second-biggest component of Rs 21 trillion comprehensive package announced by Finance Minister Nirmala Sitharaman last week.
Under the scheme, 100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC)for additional funding of up to Rs 3 trillion to eligible MSMEs and interested mudra borrowers, in the form of a guaranteed emergency
