The Union Cabinet on Wednesday approved additional funding of up to Rs 3 lakh crore 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 lakh crore comprehensive package announced by Finance Minister Nirmala Sitharaman last week.

Source : The Economic Times

Link : https://economictimes.indiatimes.com/small-biz/sme-sector/cabinet-approves-rs-3-lakh-cr-emergency-credit-line-for-msme-loans-at-9-25-rate/articleshow/75846650.cms?utm_source=ETMyNews&utm_medium=HPMN&utm_campaign=AL1&utm_content=20