Budget 2022-23: Worst-hit sectors may get credit guarantee breather

Budget may extend ECLGS, loan guarantee schemes for MSMEs, hospitality, tourism

With concerns about the economic impact of the Omicron variant growing stronger due to restrictions in various states, the Centre is likely to fall back on one of its major economic recovery planks – the Emergency Credit Line Guarantee Scheme (ECLGS).

According to highly placed sources, the finance ministry is likely to extend ECLGS and other loan guarantee schemes for micro, small and medium enterprises (MSMEs), hospitality and tourism sector, and the health infrastructure beyond March 31, Business Standard has learnt. This is likely to be announced by Finance Minister Nirmala Sitharaman as part of her Budget speech on