MSME | Performance of Emergency Credit Line Guarantee Scheme



Quick Summary
As of 28th February 2021, the Emergency Credit Line Guarantee Scheme (ECLGS) has seen a cumulative sanction of Rs 2.46 lakh crore in loans. Guarantees totalling Rs 2.14 lakh crore have been issued to over 92.27 lakh borrowers, with approximately 87 lakh MSME units benefiting. The scheme, implemented by NCGTC, offers pre-approved loans with an 'opt out' option and has established a portal and email for grievance resolution.

As informed by National Credit Guarantee Trustee Company Limited (NCGTC), the implementing agency for Emergency Credit Line Guarantee Scheme (ECLGS), as on 28.2.2021, cumulative sanction of loans stood at Rs 2.46 lakh crore against which guarantees for a total amount of Rs 2.14 lakh crore to more than 92.27 lakh borrowers have been issued under ECLGS.

This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.

ECLGS Loan Performance: £2.46 Lakh Crore Sanctioned

The Minister further stated that about 87 lakh MSME units have availed guarantees which constitutes 95% in terms of number of guarantees issued.

Giving more details, the Minister said that there is a pre-approved loan facility with an ‘opt out’ option to all eligible borrowers under ECLGS 1.0. As informed by NCGTC, following steps have been taken:

  1. A portal has been created on the website for the borrowers to lodge their grievances, which is forwarded to MLIs concerned for time bound resolution.
  2. Email Id for forwarding of grievances / complaints has also been created and circulated, which is being regularly monitored at NCGTC for resolution.
  3. Meeting with various stakeholders are being conducted regularly to maximize the reach of the scheme.

FAQ :

As of 28th February 2021, a cumulative total of Rs 2.46 lakh crore in loans has been sanctioned under the Emergency Credit Line Guarantee Scheme (ECLGS).

Guarantees have been issued to more than 92.27 lakh borrowers under the ECLGS.

Approximately 87 lakh MSME units have availed guarantees, which represents 95% of the total guarantees issued.

ECLGS 1.0 provides a pre-approved loan facility with an 'opt out' option for all eligible borrowers.

Borrowers can lodge their grievances through a dedicated portal on the NCGTC website or via a specific email ID created for this purpose. These are then forwarded to the concerned MLIs for resolution.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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