Credit lifeline for Covid-hit sectors gets a ₹50,000 crore push

ECLGS was announced in May 2020 following the outbreak of Covid-19 to ensure various sectors, especially in the MSME segment, easy access to credit. Loans of about Rs 3.67 lakh crore have been sanctioned under ECLGS till August 5.

Credit lifeline for Covid-hit sectors gets a ₹50,000 crore push
ECLGS was announced in May 2020 following the outbreak of Covid-19 to ensure various sectors, especially in the MSME segment, easy access to credit. Loans of about Rs 3.67 lakh crore have been sanctioned under ECLGS till August 5.