One crore MSME debtors given Rs 1.65 lakh cr help underneath ECLGS

One crore MSME debtors given Rs 1.65 lakh cr help underneath ECLGS

Round 1.09 crore MSME debtors have been supplied with assure help of Rs 1.65 lakh crore underneath Emergency Credit score Line Assure Scheme (ECLGS), Parliament was knowledgeable on Thursday.

ECLGS was introduced as a part of the Aatmanirbhar Bharat Bundle 2020 with an purpose to assist MSMEs/small companies meet their operational liabilities and resume companies in view of the misery attributable to the pandemic.

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Below the scheme, MLIs (Member Lending Establishments) are supplied 100 per cent assure towards any losses suffered attributable to non-repayment of ECLGS funding by debtors.

The general cap of admissible assure of ECLGS was raised from Rs 3 lakh crore to Rs 4.5 lakh crore on June 28, 2021.

“Below the ECLGS, round 1.09 crore MSME debtors have been supplied with assure help amounting to Rs 1.65 lakh crore as on 02.07.2021,” MSME Minister Narayan Rane mentioned in a written reply to the Lok Sabha.

In a separate reply, he mentioned the federal government has introduced that MSME dues ought to be cleared by authorities businesses and central public sector enterprises (CPSEs) inside 45 days.

“Since Could 2020 and as much as 26.07.2021, pending funds of Rs 55,863.30 crore have been made to MSMEs,” he added. 

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