ECLGS: Rs 2 lakh cr loans sanctioned! Modi government extends Emergency Credit Line Guarantee Scheme
In a major decision, the Modi government has extended the Emergency Credit Line Guarantee Scheme (ECLGS) by one month till November 30th, 2020, or till such time that an amount of Rs. 3 lakh crore is sanctioned under the Scheme, whichever is earlier.
The decision has been taken in view of the opening up of various sectors in the economy and the expected increase in demand during the ongoing festive season, as per Ministry of Finance. Reuters and pixabay pic.