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regular-article-logo Saturday, 16 November 2024

Government extends Emergency Credit Line Guarantee Scheme for MSMEs

It has been extended till November 30 or till such time that Rs 3 lakh crore is sanctioned under the scheme

Our Special Correspondent New Delhi Published 03.11.20, 02:54 AM
Union Finance Minister Nirmala Sitharaman after signing the Joint Statement following the 10th India-UK Economic and Financial Dialogue through video conferencing, in New Delhi.

Union Finance Minister Nirmala Sitharaman after signing the Joint Statement following the 10th India-UK Economic and Financial Dialogue through video conferencing, in New Delhi. PTI

The government on Monday decided to extend the Emergency Credit Line Guarantee Scheme for MSMEs by one month till November 30 as the scheme has failed to meet the target to disburse Rs 3 lakh crore.

The scheme has been extended till November 30 or till such time that Rs 3 lakh crore is sanctioned under the scheme, whichever is earlier, the finance ministry said.

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