ECLGS Can Be Expanded to Manage the Liquidity Needs of MEC: Report

According To India Ratings & Research Agencies that there is a scope of the extension in the Emergency Credit Line Guarantee Scheme and it can easily support the liquidity needs of one-third of Mid & Emerging Corporates. As we suffered the massive economic crisis due to the attack of Pandemic on the Indian economy the Scheme of ECLGS can act as a boon for MSMEs industries in India. Central Government has increased the scope of this scheme.