 "credit, lending, loans, support, fiscal stimulus, money")
The Centre has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one year to March 2023, and allowed the hospitality sector to avail the benefit of the credit guarantee scheme to help small businesses mitigate the impact of the pandemic.
As the hospitality and related services are yet to regain their pre-pandemic level of business, the guarantee cover has been expanded by Rs 50,000 crore taking the total cover to Rs 5 trillion, with the additional amount earmarked exclusively for the hospitality and related enterprises, Finance Minister Nirmala Sitharaman said.
“The ECLGS has provided much-needed additional credit to more than 130
